The CBN, according to the red chamber, collected the amount as stamp duty from banks and financial institutions from 2016 till date.
Sponsor of the motion, Senator Ayo Akinyelure, said the CBN had in January 2016 issued a circular directing all banks and financial institutions to charge stamp duty of N50 on lodgements into current accounts against revenue projections by the Federal Government of N2.5tn annually. He said, “The Central Bank of Nigeria and NIBBS have technically refused to comply with the Presidential directives for the recovery of over N20tn revenue into the coffers of government.”
Subsequently, over N5tn minimum revenue is due to be collected annually to the federation account, to be shared among states of the federation for infrastructural and economic development.”
N20trn collected in just 3 years Hmmm!!!
All your probes ended up without any effect to Nigerian living and economy so stop probing already
Our 50 don enter 1 chance
Nigeria is a scam
Scam, Scams, Scammed, Scammer, Scammers, Scamming, Scammingly...Scampering
Which bank should the CBN remit it to abeg?
Corruption at its peak
Good development
All these probs by the current Senate na wash
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