You don hear am? Nigerian banks don shake things up well as dem don start new law wey go dey affect how we dey transfer money! Starting from January 1, 2026, if you send money wey pass N10,000, e go cost you flat N50 as stamp duty. Before, na the receiver dey pay this charge, but now, na the sender go dey put for pocket. Na wetin dem call ‘Notice of Change to Stamp Duty’ wey all the big banks like UBA, Access, GTBank, and Zenith don drop for us o!

This new policy fit make sense for the country as e go help feds collect their coin well, while still dey protect those wey dey do small-small transactions. As e be now, if your transfer no reach N10,000, you go dey free, but if e pass, N50 don dey wait for you. No more wahala for the receiver again, my people!

Bank customers go fit see this charge clearly for their transaction screen before dem confirm their transfers. Transparency level dey high now! Chai, if you dey do small transfers for Abuja or anywhere, this new change go make your life easy, but for those wey dey do big business remittances, e fit be wahala, because plenty of dem go dey pay stamp duty. Financial analysts don talk say this one fit bring plenty money wey go help the government do road, hospital, and all the things wey we need to booster economy!

You fit remember before, dem dey take 0.5% fee from the receiver wey dey dance from large transactions, but now, sender don carry the load. This move follow global trend wey dey make sender responsible and e dey make sense like dat. CBN dey watch how all banks go comply, ogbonge penalty dey for those wey no go fit follow the rules. Every bank dey ready, dem don prepare their apps so that us no go face any wahala during the transfer.

President Bola Tinubu talk say these new tax things wey them dey bring no mean say dem wan increase taxes pass, but rather, na to level up the fiscal environment for our Naija. Him urge all of us to support these changes as we dey move forward. E get why this one na important for our country, we go sabi wetin go benefit us in the long run – true true!