Stamp duty Archives - JKCYNO BLOG

Court orders CBN, Zenith Bank to refund stamp duty three-year deductions

The Federal High Court in Asaba, Delta State, has ordered the refund of the cumulative N50 stamp duty charges deducted from the account of a customer of Zenith Bank Plc and remitted to the Central Bank of Nigeria for over a period of three years. Justice Nnamdi Dimgba ruled that the continued stamp duty deductions

Access Bank on Sunday said it will refund its stamp duty deductions made from the account of its aggrieved customers after a social media outcry on Saturday. Stamp duty deductions apply to all credit received into current and savings accounts in respect to electronic transfer and teller deposits of N10, 000 and above. The money is