Doctor Freed After N50m Ransom Paid in Edo
Dr. Ibrahim Tahir regains freedom after his family paid a N50 million ransom to kidnappers in Auchi, Edo State. Tragically, his younger brother was killed during the abduction.
Category : Search result: N50 million ransom
New 2026 Bank Charges: VAT, Stamp Duty Explained
Starting 2026, Nigerians face new costs: a 7.5% VAT on mobile/USSD fees and a ₦50 stamp duty on transfers above ₦10,000. Learn all the details and how to plan for higher digital banking expenses.
Kidnappers Reduce Ransom to N40m for Edo Eight
Kidnappers in Edo State have reduced their ransom demand from N100 million to N40 million for eight abducted residents. Community leaders are negotiating for a further reduction. Read the latest on this developing security situation.
Abuja Lawyer Killed After N3m Ransom Demand
Fresh details emerge on the abduction and killing of Abuja lawyer Nwamaka Chigbo. Her family reveals harrowing final calls and a N3 million ransom demand. Calls for justice intensify.
Experts Clarify N50 Stamp Duty on Transfers, Not Balances
Tax authorities clarify that the new N50 stamp duty applies only to electronic transfers, not bank balances. Learn about exemptions, VAT rules, and rent relief under Nigeria's 2025 Tax Act.
New N50 Stamp Duty Charge Sparks Debate After Wike Aide's Post
Lere Olayinka, an aide to FCT Minister Wike, reported a N53.75 deduction on an N80,000 transfer, igniting debate on new stamp duty rules. Banks clarify the sender now pays the N50 fee for transfers above N10,000. Read full details.
GTBank: Sender Pays N50 Stamp Duty on Transfers
GTBank has notified customers of a key change to the N50 stamp duty on electronic transfers under the new Nigeria Tax Act 2025. Find out what transactions are exempt.
RMB Nigeria Meets CBN Capital Requirement Ahead of Deadline
Rand Merchant Bank Nigeria has successfully met the CBN's new N50 billion minimum capital requirement for merchant banks, achieving the milestone in December 2025. This move strengthens regulatory compliance and market confidence.
Banks Alert Customers on New N50 Stamp Duty Rule
GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.
Kidnappers Kill Doctor's Brother in Auchi, Demand N200m
Abu Momoh, younger brother of an abducted Edo doctor, killed by kidnappers. The family confirms the tragedy as the elder brother remains captive. Police intensify search.
APC Threatens New Corruption Claims Against Oyo PDP
Oyo APC threatens to expose fresh mismanagement allegations against Governor Seyi Makinde's administration over N50bn Ibadan explosion relief fund and federal allocations. Read the full details.
Man Avoids New 2026 Bank Charge by Sending N9,999
A Nigerian man's viral post shows how he avoided the new N50 electronic transfer levy by sending N9,999. His action has ignited a fierce online debate about the 2026 tax laws. Read more.
Man Cries Out Over N50 Tax on N10k Transfer in 2026
A Nigerian man raises alarm after N50 was deducted for a N10,000 transfer, signaling the start of new 2026 tax laws. Get the full story and public reactions here.
Banks Announce New N50 Stamp Duty on Electronic Transfers
Nigerian banks have notified customers of a new N50 stamp duty on electronic transfers of N10,000 and above, effective January 1, 2026. The charge is payable by the sender. Learn the details and exemptions.
N50 Stamp Duty on Bank Transfers Starts 2026
From January 1, 2026, Nigerian banks will charge senders a N50 stamp duty on electronic transfers of N10,000 and above. Learn about the new levy and other CBN-approved charges.
New N50 Stamp Duty on Bank Transfers Starts Jan 1
Nigerians will pay a new N50 government levy on electronic transfers above N10,000 from January 1, 2026. Learn how it works and its impact on your finances.
N500m Ransom Demand for 5 Kidnapped Kwara Workers
Families plead for government action as bandits demand N500 million for five Kwara road construction workers kidnapped two weeks ago. Read the urgent appeal for their safe release.
Makinde aide refutes N50b claim, cites political motive
Oyo Governor's media aide debunks N50b fund allegation, explains N30b was used for Bodija blast recovery. He links attacks to Makinde's 2027 stance. Read the full facts.
APC to Makinde: Account for N50bn Ibadan Fund or Resign
Oyo APC challenges Governor Seyi Makinde to explain the N50 billion Ibadan explosion relief fund allegedly received from President Tinubu or resign. Details of the allegations and the governor's response.
Fayose: Proof Makinde Got N50bn From Tinubu
Former Governor Ayo Fayose has released documents alleging Oyo State Governor Seyi Makinde received N50bn from the Tinubu administration. He challenges Makinde to sue him. Read the full details.
Terrorists Use PoS for Ransom, FG Alerts Public
The Nigerian government warns terrorists are using PoS agents to collect ransom, evading detection. Security agencies are working with social media giants to dismantle terror networks. Read more.
28 Travellers Kidnapped in Plateau, Ransom Demanded
Armed men kidnapped 28 people, including women and children, in Plateau state. Families have received ransom demands as police deploy rescue assets. Details inside.
Senator Bamidele Donates N50m, Food to Ekiti for Christmas
Senate Leader Opeyemi Bamidele spreads festive cheer with N50 million cash and thousands of bags of rice, beans to all 177 wards in Ekiti State. Read about the massive distribution.
N1.5m Ransom Demanded for Each of 28 Plateau Victims
Gunmen abduct 28 travellers in Plateau's Wase LGA, demanding N42 million total ransom. Families plead poverty as police investigate. Calls for security intensify.
Harrison Gwamnishu Regains Freedom After 2 Weeks
Activist Harrison Gwamnishu is free after two weeks in police detention over alleged ransom fund diversion. The Edo High Court granted him bail as investigations continue. Read details and public reactions.
Activist Harrison Gwamnishu Regains Freedom from Police Detention
Activist Harrison Gwamnishu is free after two weeks in police custody over a controversial N20m ransom case in Edo. He denies arrest, praises police professionalism. Full story inside.
SEEDAN Praises Tinubu's N50bn Seed Industry Fund
SEEDAN lauds President Tinubu for approving a N50 billion catalytic fund to strengthen Nigeria's seed sector, boost agribusiness, and enhance national food security. Learn how this impacts farmers.
Woman fakes kidnap, extorts ₦2.5m from husband
Lagos police arrest a 26-year-old woman and accomplice for staging her own abduction to extort money from her husband. Full investigation details revealed. Report any suspicious activity to the police.
Court Grants Bail to Activist Harrison Gwamnishu
Edo High Court grants bail to activist Harrison Gwamnishu, detained over a controversial N20 million ransom negotiation for an abducted couple. Read the full details of the case.
Boy Fakes Kidnapping, Extorts N1.7m from Mother
Lagos police arrest five suspects, including a 15-year-old boy, for staging a fake kidnapping to extort N1.7 million ransom from his mother. Full details of the elaborate scam revealed.
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