Banks To Effect ₦50 Stamp Duty On Transfers Above ₦10k From January 1
Financial institutions will start charging senders a ₦50 stamp duty on electronic transfers of ₦10,000 and above from January 1, 2026, following the implementation of the Tax Act. This…
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- Financial Crime
- April 24, 2025
- 115 views
Court orders 54 banks to return N9.3bn stolen by hackers
Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered 54 banks to immediately return a total of N9,329,322,870 fraudulently transferred by hackers from an unnamed old…
CBN increases ATM transaction fees
The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs) In a circular signed by John Onojah, acting director of financial…
