Advertisement
Nnamdi Dimgba, the judge, made this verdict on Wednesday, in a suit marked FHC/ASB/CS/139/2019 filed by one Rupert Irikefe.
The Central Bank of Nigeria (CBN), Zenith Bank PLC and the attorney general of the federation were joined as defendants in the suit.
Electronic transfers above N10,000 through the Money Deposit Banks (MDBs) attract a stamp duty of N50 which the MDBs are obliged to remit to the Federal Inland Revenue Service (FIRS).
Advertisement
In the suit, Irikefe who operates a current account, domiciled in Zenith bank submitted that the bank made several deductions of N50 and N100 from his account as stamp duties charges between 2016 and 2018.
Deduction of N50 stamp duty after bank transactions illegal, Court rules premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.