Opay and moniepoint deduction
Opay and moniepoint deduction. Fintech businesses, including OPay, Moniepoint, and others, have started the deduction of N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 or more received by their customers. According to the fintech companies, this deduction is in conformity with the Federal Inland Revenue Service’s (FIRS) instruction. This mandated deduction brings […]
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