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BREAKING!!! Access Bank To Refund All Those That Were Debited Over CBN Stamp Duty

Posted by on June 29th, 2020.


BREAKING!!! Access Bank To Refund All Those That Were Debited Over CBN Stamp Duty

Access Bank on Sunday said it will discount its stamp obligation derivations produced using the record of its distressed clients after an internet based life clamor on Saturday.

Stamp obligation findings apply to all credit got into current and bank accounts in regard to electronic exchange and teller stores of N10, 000 or more. The cash is dispatched to the Central Bank of Nigeria.

Brand Spur Nigeria discovered that Access Bank Nigeria has additionally vowed to return derivations made among Saturday and Sunday back to clients.

As per an announcement made on Sunday, the bank said it perceived that it is an extreme period for clients.

Responding to clients’ responses over the typical findings, Access Bank said:-

“We have considered your feedback and have decided to pay the stamp duty on our customers’ behalf for the affected period only,”.

“This means that individuals and SMEs who were debited for the accumulated stamp duty charge for February to April 2020 will be refunded.”

In a prior proclamation, the bank had advised clients that it didn’t deduct stamp obligation charges on exchanges that happened between February 1, 2020, and April 30, 2020.

See full proclamation Below:-

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