By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: Access Bank decides to pay stamp duty on behalf of its customers for three months
Share
Notification Show More
Latest News
Sanwo-Olu, wife celebrate Bola Tinubu at 71
News Politics
See Thousands of US and South Korean troops practice amphibious invasion of North Korea as tensions rise (photos)
News
Osinbajo celebrates Bola Tinubu at 71
News Politics
EPL: He’s crazy – Saliba names funniest Arsenal player
Sports
“External pressure will not hinder our determination to go to the world” Taiwan president defiant after China threatens retaliation if she travels to US
News
Aa
Aa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > Access Bank decides to pay stamp duty on behalf of its customers for three months
News

Access Bank decides to pay stamp duty on behalf of its customers for three months

Godson
Last updated: 2020/06/29 at 3:32 PM
Godson Published June 29, 2020
Share
SHARE

Access Bank has announced that it will shoulder the stamp duty charge for three months so that customers will not have to bear the cost.

As mandated by the Federal Government, banks are required to collect stamp duty charge from account holders and remit the funds to the FG via the CBN. However, due to the COVID-19 pandemic and its effect on the economy, Access Bank held off on charging stamp duty on some customers’ accounts from February to April 2020.

After the lockdown was eased, Access Bank applied the accumulated charge on customers’ accounts.

However, after receiving feedback from customers, Access Bank announced that it will refund all individuals and SME’s who were debited for the accumulated stamp duty charge from February to April 2020.

In a statement released online, Access Bank added that its management will bear the cost of the stamp duty charge from February to April 2020 on behalf of customers.

The bank also thanked customers for giving feedback and asked that they reach out if they have questions regarding the stamp duty charge.

 

Access Bank decides to pay stamp duty charge for three months on behalf of its customers

Sharing the statement from Access Bank on Instagram, Amaechi Okobi, Group Head, Corporate Communications of Access Bank plc, wrote: “It was an incredible weekend. Twitter and other social media platforms blazed with how upset Access Bank customers were over Stamp Duty deductions. And we trended like crazy. The memes… The Gifs… Wow! Access Bank customers really let us know that they were… well, upset.

 

“Make no mistake, I love it when people talk about Access Bank but, my goodness, it’s much more fun to trend based on the good things we do. Because we do do some incredible things. But that’s not the story.

 

“The Bank heard all the feedback. I was also tagged on so many posts and messages. We heard. Loud and clear. These are tough economic times and we got it wrong. Debiting our customers late was wrong.

 

“So Management has decided to pay the Stamp Duty charge for February to April on behalf of its customers. The deductions are being reversed for individuals and SMEs for the affected time only. That’s still not the story.

 

“Banks are often accused of being cold and unfeeling. Sometimes deservedly so, other times notsomuch. So here’s the thing: Access Bank is run by human beings – people like you and me – who are not perfect. Mistakes will be made. Spectacular ones on occasion. But at the end of the day, our customers really do come first. Which is what necessitated this gesture. I hope it goes some way to make things better.”

You Might Also Like

Sanwo-Olu, wife celebrate Bola Tinubu at 71

See Thousands of US and South Korean troops practice amphibious invasion of North Korea as tensions rise (photos)

Osinbajo celebrates Bola Tinubu at 71

“External pressure will not hinder our determination to go to the world” Taiwan president defiant after China threatens retaliation if she travels to US

NDLEA arrests two sisters with Indian h3mp in Katsina

Godson June 29, 2020
Share this Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Sanwo-Olu, wife celebrate Bola Tinubu at 71
  • See Thousands of US and South Korean troops practice amphibious invasion of North Korea as tensions rise (photos)
  • Osinbajo celebrates Bola Tinubu at 71
  • EPL: He’s crazy – Saliba names funniest Arsenal player
  • “External pressure will not hinder our determination to go to the world” Taiwan president defiant after China threatens retaliation if she travels to US

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

© 2023 Newsunplug | All Rights Reserved.

Removed from reading list

Undo
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?