CBN Circular

Highlights of the Federal High Court (FHC) Judgment on the Central Bank of Nigeria Circular which Mandates Banks and other Financial Institutions to Enforce Collection of ₦50 Stamp Duty on Electronic Transfers and Teller Deposits from ₦1,000 and above

Posted on by admin
Highlights of the Federal High Court (FHC) Judgment on the Central Bank of Nigeria Circular which Mandates Banks and other Financial Institutions to Enforce Collection of ₦50 Stamp Duty on Electronic Transfers and Teller Deposits from ₦1,000 and above

Deloitte| A Federal High Court (FHC) on 13 March 2017, delivered a judgment on the validity of the circular issued by Central Bank of Nigeria referenced CBN/GEN/DMB/02/006, in the case between Retail Supermarkets Nigeria Limited (AKA Shoprite) and the defendants Citibank Nigeria Limited (Citibank) and Central Bank of Nigeria (CBN). The issue considered in the case […]

Read More