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Confusion, Panic Trail Plan to Debit Bank Accounts for Tax Debts
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Nigeria’s tax laws: Where does bank transfer narration stand?
Full Text Since the new tax law took effect in January 2026, the Nigerian internet space has been flooded with claims that bank transfers made without a narration, or with “incorrect” narration, could result in automatic tax deduction. The posts (here, here, and here) assert that Nigerians should be careful about what they write when …
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