"NO MORE SAYS NIGERIAN" [MUST READ]

Nigerians to start paying N50 to the FG, each time they receive payments in their accounts

"Today, the FG through the CBN, imposed stamp duty of N50 on bank customers for money received into their accounts. Consequently, bank customers will henceforth pay N50 stamp duty for money received into their accounts via electronic transfer, cash and cheques. .

"This order was contained in a circular to all Deposit Money Banks and Other Financial institutions titled, Collection and Remittance of statutory charges on receipts of Nigeria Postal Service under the Stamp Duties Act”. The CBN stated, “As part of efforts to boost its revenue base, the federal government of Nigeria is exploring revenue opportunities in the non-oil sectors especially taxes and rates. .

"It is in recognition of this fact that banks and other financial institutions are enjoined to support government’s revenue drive through compliance with the provisions of the Stamp Duties Act, LFN 2004 as reinforced by the court judgement in Suit No FHC/L/CS/1710/2013. In this regard, the CBN pursuant to the provisions of its enabling laws, hereby issues this circular to all DMBs other financial institutions:

“With immediate effect, all DMBs and other financial institutions shall commence the charging of N50 per eligible transaction in accordance with the provisions of the Stamp Duties Act and Federal Government Financial Regulations 2009, that is, all receipts given by any bank or other financial institution in acknowledgment of services rendered in respect of electronic transfer and teller deposits from N1, 000 and above;

“For all avoidance of doubt the following receipts are however exempted from imposition of stamp duties: payments of deposits or transfer by self to self whether inter or intra bank; and any form of withdrawals/transfers from saving accounts; It should be noted that these charges are only payable by receiving accounts;

“Each DMB shall open an account designated as NIPOST Stamp Duties Account into which all charges collected shall be paid. The balances in such accounts shall be transferred monthly by the DMBs to CBN NIPOST Stamp Duty Collection Account No. 3000047517.

"METUH GRANTED BAIL" [READ ABOUT IT]

"A Federal High Court in Abuja has granted bail to the spokesperson of the PDP, Olisa Metuh, on the condition that he pays N400m as bond. He is to also submit his international passport, and must provide two sureties with N200m each. The sureties must have properties in Maitama district of Abuja. He is to remain at Kuje prisons till all conditions are me."

"This is old but what do you think" [WATCH IT]

"WIZKID ACCUSED AGAIN" [CHECK IT OUT]

Blackface accuses Wizkid of trying to steal his melody, as he rips him apart in new song

Days after Dammykrane accused Wizkid of stealing his intellectual property, 2face's former group mate who was credited for writing the song "African Queen," has released a new song titled "Killah." And in it, the former member of the Plantashun Boiz, called out Wizkid for being a copycat. In the video, he said:

"Da industrya pack up with some wannabes, why Wizkid try steal me melody, But them copycat na gat me energy, Me burn them and send them to the cemetery, Tell dem copycats them playing with fire, Tell dem be original or them better retire, Because My fellas no go hesitate to fire Run dem down, marsh up dem empire."

''PDP's METUH APPEARS IN COURT''

A Federal High Court in Abuja has ordered a stand down on the bail application of the national publicity secretary of the Peoples Democratic Party (PDP), Olisa Metuh. The judge presiding over the case, Okon Abang stood down the case for 45 minutes.#Metuh #OlisaMetuh #Abuja #corruption