The Central Bank of Nigeria (CBN) has clarified that the N50 stamp duty imposed on bank customers is to be charged per transaction and not per volume of N1,000. Hence, irrespective of the amount, the sum of N50 is to be charged provided such a transaction is N1000 and above.
Director, Corporate Communications CBN, Mallam Ibrahim Mu’azu, who said this in a statement made available to LEADERSHIP Friday yesterday, said it has become necessary to make the clarification following some misconceptions among members of the public.
Director, Corporate Communications CBN, Mallam Ibrahim Mu’azu, who said this in a statement made available to LEADERSHIP Friday yesterday, said it has become necessary to make the clarification following some misconceptions among members of the public.