07/05/2024
🇳🇬COST OF ELECTRONIC TRANSACTIONS
CYBERSECURITY LEVY: SENDERS now bear....
₦5 on ₦1,000
₦50 on ₦10,000
₦500 on ₦100,000
₦5,000 on ₦1,000,000
₦50,000 on ₦10,000,000
STAMP DUTY: RECEIVERS bear....
₦50 on ₦10,000
₦50 on ₦100,000
₦50 on ₦1,000,000
₦50 on ₦10,000,000
TRANSFER FEES: SENDERS bear...
₦10 on ≤₦5,000
₦25 on ₦5,001 — ₦50,000
₦50 on >₦50,000
VALUE ADDED TAX: SENDERS bear...
₦0.75 on ₦10 Transfer fee
₦1.875 on ₦25 Transfer fee
₦3.75 on ₦50 Transfer fee
SMS FEE: SENDERS & RECEIVERS bear...
₦4 on each electronic transfer notification
*All applicable on eligible electronic.
A country is not investing in its citizens but draining them to fill its pocket,
How true is this 😳😳