The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that beginning from December 1, 2019, a fee of N50 will be charged on all Point of Sale (PoS) transactions from N1,000 at petrol stations. IPMAN, which members own 19,000 out of the 25,000 registered filling stations said this in an advertorial published on Monday, saying it was based on a directive of “the Central Bank of Nigeria (CBN) dated 17th September, 2019, to all commercial banks that charges of taxes and duties be imposed on all electronic transactions.

“In view of the foregoing, the general public should please note that this additional charge shall be deducted at source by the commercial banks in compliance with the directive above. Therefore, IPMAN is in no way beneficiary to it,” IPMAN noted. However, President of IPMAN, Chinedu Okoronkwo told Daily Trust that he did not sign the notice and was unaware of it.

Loading.. Copy video url Play / Pause Mute / Unmute Report a problem Language Mox Player “It is not true. (The public notice has) no address and was not signed,” and added that the notice could be the work of fraudsters and did not emanate from IPMAN. Daily Trust reports that CBN in September, 2019 directed banks to charge N50 Stamp Duty on individual transactions that occur on PoS.

Read more: https://www.dailytrust.com.ng/pos-fuel-stations-to-charge-n50-on-product-sales-from-dec-1.html

Hehehe, wetin dem no go tax

Then I pay cash instead of POS. CBN coming up with useless policy that can be circumvented

Anybody experiencing bet9ja network failure? because i wan injure dem 2day o.







As for d fuel,, no amount of talk can change anything because ds people ruling us know say Nigerians are cowards..Do anything to us,, one week too far everything dies down.


Abeg who go help me beg UBA?? Yesterday dem just remove like 500naira for my account.. The money i wan use drink beer to help my BP so that I no go just die like that..

P. O. S and charges..

Back to cash payment.

In Physics, Nigeria is a scalar quantity

We have magnitude but No direction.

CBN and their policies.........well this is Nigeria where those at the helm of affairs dont really care about the masses.

They have been charging it

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They've already started charging me since on Saturday. Is this how they want to encourage the whole cashless society thing? The charges are becoming something else and soon a lot of people may just have to move around with cash to make transactions.

They av started since.

All the fuel I bought in the past 3weeks had 50 naira charge

Them wan finish us with charges for this failed country

Mehn, 9ja don cast.

Very soon we might be paying for God's given free air in this country.

Next level everything.

Who will save us from this tyranny??

We don't care again. They should charge whatever they want, we'll just make more money and get out of this hellhole as soon as we can.

I am beginning to think that all these anti-people policy this government is implementing are deliberate moves to frustrate and impoverish Nigerians

Chai baba 4+4+4

They've started it already the stickers are everywhere.

I'll prefer buying with cash

The next level is real. Operation pay your own subsidy.

More tax coming
Nigerians will complain and still pay it.

What has govt done with the stamp duties Nonsense

Nigeria is the headquarter of poverty in the world but still, the government want to tax the citizens to death and increase the number of poor people in the country.

Since when

Ok

Will go to filling station with cash! Lobatan

Soon, govt will tax the air we breathe in.

Zoogeria

I use NNPC
E no concern me

The cashless policy was meant to get people to start paying tax.

Trust Nigerians, they would circumvent this and start using cash because this tax is getting too much

They have already started charging since last month

Nobody is eating my 50 bucks for nothing

I've since stopped using any pos for transactions

Its always about how they can take from the masses and never how to add to the masses

Something they have been charging right from the day CBN brought it up.. funny country indeed

K-ultra don already past am for their office sef

Nigeria is turning into something else