FIRS, CENTRAL BANK OF NIGERIA, OTHER BANKS AND FINANCIAL INSTITUTIONS, ARE mmALL OUT TO ROB & FURTHER IMPOVERISH THE WEAK AND VULNERABLE NIGERIANS.
1. From Monday 19th of January, 2026, all commercial and money banks will commence A GODLESS, HEARTLESS, SADISTIC, WICKED & GREEDY deduction of 7.5% VAT on every electronic transfer under all banking platforms.
2. This is daylight “PEN ROBBERY” that is not different from ARMED and banditry attack at GUN POINT.
3. This means if you transfer N1 Million to your landlord for shop or house rent, the Bank/FIRS will charge you N75,000 in addition to stamp duty and other blood leden charges.
4. If the landlord transfers the same N1 million to pay his children’s school fees, another N75,000 will be charged .
5. By the time that N1million goes round 13 people, the entire N1million has been collected by the bank/FIRS. This is simply TAX TERRORISM AND BANDITRY.
6. Similarly, if you transfer N10 million, the heartless banks along with FIRS Will charge you N750,000 and by the time the money goes round 13 people, the whole N10M would have been taken away by the HEARTLESS & ANTI PEOPLE INSTITUTIONS. This is TAX ROBBERY.
7. If you transfer N250,000 to your son/daughter to pay school fees at any public tertiary institution, FIRS/BANK/CBN will charge you N18,750 and if your child transfer the said amount he/she will be charged the same N18,750. If 1000 students pay N18,750,000 to the school and the school uses the amount to pay staff salaries, they will be charged 1,406,000.00.
8. This simply and eventually means everything will translate into shifting the tax burden and incidence to the next person, then next,then next up to the lowest earning Nigerian and even those with no source of income as long as they go to the market to buy anything.
9. In a truly democratic setting this nonsense will not even be contemplated because democracy is about consultation in a mutually agreed social contract of protection of dignity, honour and respect for public opinion.
10. Nigerians will not understand the DESTRUCTIVE ASPECT of this wicked tax policy until the end of January 2026, which is less than two weeks from now, when prices of all basic goods and service will rise to between 45% to 100% which diminish the purchasing power of everybody leading to declining quality of life.
11. The CBN/ FIRS/ OTHER MONEY BANKS hidden and open missions are to squeeze , exploit and consequently destroy small, medium and large businesses so that during the upcoming elections, it elections will hold, voters would have pauparized to the point of appreciating N200. Inducement to vote.
12. They are “robbing” Nigerians because we have a banking system that exploits even the weakest of the weakest in a society where over 200million people are struggling to survive uncomfortably.
13. We have a banking system that destroys and exploits even those who are financially excluded because they go to markets where bank charges burdens are transferred and loaded on the prices of goods and services.
We have banking and regulatory systems where God does not matter with no sense of guilt which misleads them into helping big and small time thieves and treasury looters to conceal and lounder stolen monies.
We have banking and regulatory systems structured to sustain and tell outright lies on inflationary trends so that they please their owners and shareholders.
The biggest enemies of Nigerians and Nigeria are those financial regulatory agencies, banks, their owners and majority of their employees who look away on the face of clear theft, fraud and dishonesty.
That is why incidences and instances of internal fraud in banks have been increasing steadily because KARMA IS ALWAYS AT WORK.
A DAY IS COMING
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