Do You Know FG Will Now Take N50 Every Time You Receive Money In Your Account?

Guys, don't be surprised the next time you see a N50 debit alert on your account. The Federal Government has imposed a stamp duty of N50 on bank customers for money received into their accounts.

What the new directive implies is that every bank customer will henceforth pay N50 stamp duty for money received into their accounts through electronic transfer, cash and cheques.

If the money you receive in your account is below 1k you wont be charged, you only pay on above 1k.