‘Excessively burdensome, ill-timed,’ Bank directors reject windfall tax

The Bank Directors Association of Nigeria (BDAN) has kicked against the recently signed windfall tax introduced by the Federal Government.

The association described it as “excessively burdensome and ill-timed”.

In a recent statement by its chairman, Mustapha Chike-Obi, BDAN warned that a high tax rate would stifle growth and innovation within the banking industry.

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