Discussions regarding Nigeria’s new tax rules have been sparked online after a Nigerian woman living in Dublin, Ireland, disclosed the amount Access Bank charged her for sending money home.

The woman, who went by the name of Barrister Bridget Nnenna, publicly discussed her experience, emphasising the bank fees as well as her opinions on the nation’s tax structure.

Nigerian lawyer Bridget, who lives in Ireland, shared on Facebook the precise sums that Access Bank charged her for two different transactions to Nigeria.

She sent N200,000 and N30,000 home on Thursday, January 1, and recorded the fees associated with each transaction.

Bridget was charged N50 and N3.75 for the N200,000 payment and N25 and N1.88 for the N30,000 transfer.

In order to demonstrate the deductions, she also provided screenshots of the transaction receipts. Bridget outlined the rationale behind the transfers in her piece.

The N30,000 was intended for a NEPA subscription, while the N200,000 was paid as family help for food.

In accordance with the new banking policy, she continued, Access Bank had earlier advised her that charges would now primarily be on the sender rather than the recipient.

Bridget also discussed Nigeria’s new tax laws in the post.

She expressed optimism that the strategy will lead to meaningful efforts to lessen hunger and poverty in the nation as well as greater infrastructure, healthcare, and access to necessities.

Read her words below:

“Nigeria Tax Palava!!

Here is how much I was charged by my bank for transactions carried out on 1st January using two different banks:

For a ₦200,000 transfer, I was charged ₦50 and ₦3.75 separately.

For a ₦30,000 transfer, I was charged ₦25 and ₦1.88 separately.

You can check the attached receipts to see what the bank described these charges as, and to have an idea of what you may be charged or taxed when you carry out similar transactions.
For the record, Access Bank informed me that they will no longer charge the receiver, meaning most of the charges (taxes) now fall on the sender. So, if you are the sender, expect these charges.

Hopefully, with this development, we will begin to see better healthcare, improved infrastructure, access to basic amenities, and genuine efforts toward ending poverty and hunger in Nigeria.

Countries that tax their citizens are often associated with good governance. I sincerely hope the same can be said of Nigeria by 2026.”

Many Nigerians talked about the accusations and the impact of the new tax law after her article swiftly attracted attention on the internet.

See below;

Kindly Share

Related Video