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New Tax Law: Lady abroad who sent N200k home shows how much Access Bank charged her

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A Nigerian lady living in Dublin, Ireland, has revealed how much Access Bank cost her for sending money home, igniting internet debate about Nigeria’s new tax legislation.

Barrister Bridget Nnenna publicly discussed her experience, stressing both the bank charges and her thoughts on the country’s taxation structure.

Bridget, a Nigerian lawyer living in Ireland, revealed on Facebook the exact amounts Access Bank charged her for two consecutive payments to Nigeria.

On Thursday, January 1, she sent N200,000 and N30,000 home, documenting the expenditures for each transaction.

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

She also posted photos of the transaction receipts demonstrating the deductions.

Bridget provided an explanation for the moves in her post. The N200,000 was paid as family help for food, while the N30,000 was designated for NEPA subscription.

She said that Access Bank had earlier notified her that charges would now be borne primarily by the sender rather than the receiver, in accordance with the new banking policy.

Bridget also used the article to discuss Nigeria’s new tax law.

She expressed her optimism that the strategy will result in better healthcare, improved infrastructure, access to basic necessities, and genuine attempts to alleviate poverty and hunger in the country.

See her post below

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Jonathan Nwokpor

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