News
Fintechs Electronic Money Transfer N50 levy starts today
In compliance with the Federal Inland Revenue Service (FIRS) regulations, Opay, Kuda, Moniepoint and the other fintechs will begin charging customers a N50 levy on electronic transfers of N10,000 and above paid into their accounts from September 9, 2024.
The fintech revealed this in a message to customers titled ‘FGN Electronic Money Transfer levy’, which started making rounds on Saturday.
The company 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. The fintech noted that it would not benefit from this charge as it is directly paid to the Federal Government.
The fintech already charges customers N10 after their third transfer to other banks in a day.
EMTL, introduced in the Finance Act 2020, was an amendment to the Stamp Duty Act to tap into the growth of electronic transfers.
It is a one-off charge of N50 on electronic receipt or transfer of money deposited in any deposit bank or financial institution on any type of account for sums of N10,000 and above.
News
Girl, 14, killed by lion in Kenya
The alarm was raised by another teenager and KWS rangers followed tracks to the nearby Mbagathi River, where they found the primary school girl’s remains.
- Lion/ Getty Images
A 14-year-old girl has been killed by a lion on the outskirts of Nairobi, the Kenya Wildlife Service (KWS) said.
The child was snatched from a residential compound on a ranch next to Nairobi National Park, according to the conservation agency.
The alarm was raised by another teenager and KWS rangers followed tracks to the nearby Mbagathi River, where they found the primary school girl’s remains.
The lion has not been found but KWS said it had set a trap and deployed search teams to look for the animal.
(BBC)
A four-storey building has collapsed in Ojodu-Berger area of Lagos, with occupants trapped, and some feared dead.
Panic gripped residents when the uncompleted building suddenly collapsed on Saturday.
The building houses the popular Equal Right Restaurant.
The incident happened at about 11a.m., today.
As of press time, men of Lagos State Fire and Rescue Service, as well as the Lagos State Emergency Management Agency, LASEMA, who had been contacted have arrived at the scene.
See photos below:
An unspecific number of people are believed to be trapped under an uncompleted storey building which collapsed in Lagos.
The building housing Equal Rights restaurant located at Oremeta Street, Ojodu Lagos, went down on Saturday morning.
It is believed, however, that some people are still trapped underneath the rubble.
Details later….
Girl, 14, killed by lion in Kenya
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