Nigerians Face New Financial Strain As Moniepoint, Opay And Others Impose N50 Electronic Money Transfer Levy

By

 


There are more burdens on Nigerians as Moniepoint, Opay and other Fintech banks and financial services have imposed fresh N50 charges known as Electronic Money Transfer Levy (EMTL), on customers.

It was gathered that the customers of Moniepoint and Opay will start paying the charges from September 9, 2024, according to a recent notice by the banks.

The new levy is in addition to the recent Premium Motor Spirit (Petrol) pump price hike to N855 and N897 by Nigerian National Petroleum Company Limited retail outlets.

The development means Nigerians using Opay and Moniepoint will have to pay N50 charges for any electronic transactions of N10,000 and above.

The Fintech companies blamed the charges on a directive from the Federal Inland Revenue Service (FIRS).

In a terse notification to its customers on Saturday, Moniepoint wrote:

“A N50 fee would be charged on inflows you receive of N10,000 and above from Monday, September 9, 2024. Your BRM is available to answer questions you might have.”

Similarly, Opay said: “Please be informed that starting September 9th, 2024, a one-time fee of N50 will be applied to electronic transfers of N10,000 and above paid into your personal or business account in compliance with the Federal Inland Revenue Service (FIRS) regulations.”

“It is important to note that OPay does not benefit from this charge in any way as it is directed entirely to the Federal Government,” the company wrote.

Comments

Post a Comment

Popular posts from this blog

IPOB Commends Ebuka Obi, Advise Igbos To Bring Back Investments Home

By
Image
  The  Indigenous People of Biafra (IPOB), has assured investors of the safety of Alaigbo, noting that South-east region is big and safe to accommodate their investments. Disclosing  this in a statement on Tuesday, Emma Powerful, the groups spokesman, advised Igbo businessmen and women to bring back their investments before they regret it. Of  recent, Igbos in Lagos and other states complain of governments policies and host communities’ attitudes that affect their respective businesses. These Igbos have been assured by the various governments of the safety of their businesses in their states. Not satisfied with governments respond, IPOB, in a statement commended the founder of the Zion Ministry, Evangelist Ebuka Obi for bringing the 100 days fasting and prayer convention to Ngor Okpala LGA of Imo State. The group also, urged other businessmen and women to emulate Ebuka and bring back their investments to Alaigbo. Read The Full Statement:  “The Noble family and movement of the Indigenou
Read more

“Why I’m Yet To Give Birth To A Child” – Obaseki's Wife Replies Oshiomhole

By
Image
  Betsy Obaseki, the wife of the Governor of Edo State, has revealed that she is yet to have a child because she experienced miscarriages, painful stillbirths, and evacuations of babies who died in her womb. Obaseki revealed this on Saturday while comforting childless women during a Zoom meeting with Edo women in the diaspora. Her remarks served as a poignant response to a viral video featuring Senator Adams Oshiomhole’s unsavory comments regarding her own childless state. Obaseki encouraged childless women to reframe their perceptions and regard themselves as veritable vessels of fruitfulness, replete with potential and proud mothers of progeny who shall arrive in the fullness of time, as ordained by the Divine Providence. Addressing a gathering of over 200 women, who had convened from far-flung corners of the globe, Obaseki reminded her audience that every individual has been created by the Almighty for a purpose that transcends the mundane. Obaseki said,  “My words of comfort to you
Read more

Yahoo Boy Bags 2-Year Jail Term For Impersonating Flavour N’abania, Defrauding US Citizen

By
Image
  The  Federal High Court in Lagos has sentenced one Courage Ikpaka to two years imprisonment for duping a United States citizen, Mrs Yvelte M. Thompson of $53,000 by impersonating Nigerian musician, Chinedu Okoli popularly known as Flavour N’abania. Justice   Dehinde Dipeolu convicted Ikpaka on Tuesday following his guilty plea to a two-count charge brought against him by the Economic and Financial Crimes Commission (EFCC). Prosecution counsel, Suleiman Suleiman, led EFCC investigator Azibagiri Dan Ekpar in evidence against the defendant. The witness told the court that Ikpaka impersonated Flavour by pledging to organise shows in the United States of America and receiving payment through his Bitcoin wallets. Ekpar  explained that the EFCC got wind of the fraud following a petition written by one Eyitayo Tolulope Abiodun and others on behalf of the victim. “We invited Flavour who honoured the invitation and claimed innocence of the allegations. Upon investigation, we discovered that on
Read more

TG Omori Undergoes Unsuccessful Kidney Transplant Surgery In Lagos

By
Image
Award-winning cinematographer and music producer, ThankGod Omori popularly known as TG Omori, has revealed that he had a failed kidney transplant after his brother donated to him to improve his kidney-related ailment. Omori revealed this on Wednesday, shortly after disclosing that he was going through hell and that Nigerians should pray for him. He wrote, “One year after my kidney crashed, I just had a failed transplant at St Nicolas Hospital Lagos. Pray for me.” The cinematographer also noted that he had gone into the theatre three times already and that he was not just destined to die today. Omori had earlier recounted his brother donating his kidney to him. “Yesterday, my only brother gave me one of his kidneys so I could live again. “Keep my spirit alive. I don’t wanna die,” he wrote. The music producer, who has been away from the public for some time now, shared the picture of him crying on the hospital bed while receiving oxygen. Although he has been making cryptic tweets about h
Read more

Nigerian Nurse Who Left Her Infant To Die While On Duty Caught At Airport Trying To Flee UK, Jailed For Three Years

By
Image
  A Nigerian nurse, identified as Ruth Auta has been sentenced to three years in jail for causing the death of her ten-week-old baby. The nurse was sentenced by Bolton Crown Court in the UK. It was gathered that the Nigerian woman left the deceased baby Joshua Akerele in her nurse's accommodation for eight hours so she could work her shift on December 20, 2022. The nurse was said to be a single mother, aged 28. When she returned to her room, she found Joshua lifeless in his cot and dialled 999, telling operators her son was not breathing. Akerele was later confirmed dead an hour later with tests showing he may have 'overheated' due to the layers of clothing and bedding he was wrapped in. Initially, Auta informed the authorities that she had picked up Joshua from the childminder after her work shift, brought him home, fed him dinner, laid him on her bed, and then drifted off to sleep beside him. Auta alleged that upon waking, she discovered Joshua unresponsive. However, duri
Read more

“Ten Years Of Pain, Tears, Heartbreak” – Singer Solidstar Praises Fiancée’s Loyalty

By
Image
  Nigerian  singer, Joshua Iniyezo popularly known as Solidstar has stirred up a wave of reactions on social media after sharing a heartfelt message to his fiancée, praising her unwavering loyalty despite the challenges of their decade-long relationship The singer, who has been actively sharing glimpses of his relationship on social media since their engagement, took to Instagram to honour his partner on Tuesday. In a heartfelt post, Solidstar acknowledged the pain, tears, and heartbreaks he had caused during their decade-long relationship yet praised his fiancée for standing by him through it all, while emphasizing his appreciation for her steadfast commitment. He wrote, “LOYAL! For over ten years all she got from me was pains, tears and heart breaks. But she never gave up on me. 💋 💋” The post has since triggered a mixed response online, with some users criticizing his past behaviour, while others celebrated his candid acknowledgment of his fiancée’s steadfast commitment. akujobimim
Read more