Access Bank Bows to customers’ outrage, to refund charges

Must Read

Entries Open for the 6th Edition of Maltina Teacher of the Year

Nigerian Breweries Plc., Nigeria’s foremost brewing company has announced the opening of entries for the 6th edition...

COVID-19: CAF Postpones 2021 Africa Cup Of Nations

The Confederation of African Football Executive Committee on Tuesday announced the postponement of the 2021 African Nations...

FG 774,000 Jobs: Folashade Tinubu-Ojo, MC Oluomo Get Committee Appointments

The Chairman of the Lagos State branch of the National Union of Road Transport Workers (NURTW), Alhaji...

The social media was filled of outrage during the weekend as people took Online to protest the illegal deduction made by Access Bank

The Bank on Sunday said it will refund its stamp duty deductions made from the account of its aggrieved customers after a social media outcry.

Stamp duty deductions apply to all credit received into current and savings accounts in respect to electronic transfer and teller deposits of N10, 000 and above. The money is remitted to the Central Bank of Nigeria.

The bank Access Bank Nigeria has also promised to revert deductions made between Saturday and Sunday back to customers.

According to a statement made on Sunday, the bank said it recognized that it is a tough period for customers.

Reacting to customers’ reactions over the usual deductions, Acess 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 an earlier statement, the bank had notified customers that it did not deduct stamp duty charges on transactions that occurred between February 1, 2020, and April 30, 2020.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Entries Open for the 6th Edition of Maltina Teacher of the Year

Nigerian Breweries Plc., Nigeria’s foremost brewing company has announced the opening of entries for the 6th edition...

COVID-19: CAF Postpones 2021 Africa Cup Of Nations

The Confederation of African Football Executive Committee on Tuesday announced the postponement of the 2021 African Nations Championship by one year.

FG 774,000 Jobs: Folashade Tinubu-Ojo, MC Oluomo Get Committee Appointments

The Chairman of the Lagos State branch of the National Union of Road Transport Workers (NURTW), Alhaji Musliu Akinsanya ( MC Oluomo)...

Despite Paying N7.5m ransome, kidnappers killed Victims

Operatives of the Intelligence Response Team have arrested members of a kidnap syndicate, who allegedly killed three of their victims after collecting N7.5m ransom...

Lagos arrests 179 interstate violators, impounds 43 vehicles

The Lagos State Police Command has announced the arrest of 179 persons at various checkpoints and motor parks for violating the interstate...
- Advertisement -

More Articles Like This

- Advertisement -