Access Bank Plc said it recently discovered a mistake in its operations records, whereby stamp duty charges on applicable transactions were not passed on to customers. The omissions occurred between February 1st, 2020, and April 30th, 2020. The tier-1 bank said it is deeply apologetic for this error. However, all[Read More…]
Tag: charges
How Banks Defrauds Customers in Nigeria
Nigeria bank has finished this Nation. They are silence killer and unarmed robbers. If you’re in doubt, below are series of charges always place on innocent customers on a single banking transaction. 1 VAT. 2. Account maintenance charges 3. SMS alert charges 4. Transfer charges 5. Poster STAMP DUTY charges[Read More…]
CBN returns over N60 billion excess bank charges to customers
The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered over N60 billion from erring banks as excessive charges imposed on customers. The bank also said it has equally returned same amount to the affected customers. This is just as the Apex Bank has announced that[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]