News

Fintechs Electronic Money Transfer N50 levy starts today

Published

2 years ago

September 9, 2024

OCHEFA

380 Views

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

Security Forces Rescue 9, Neutralise Terrorist in Kwara

Published

11 hours ago

July 25, 2026

Charles Flames

18 Views

A joint security operation against terrorists has led to the rescue of nine persons in Ekiti Local Government Area of Kwara State.

According to inside sources, Forest Guards, under the supervision of the Directorate of Security Services and working with members of the local hunters and vigilante group, embarked on bush-combing operations. They discovered a hideout of the kidnappers and engaged them.

Nine persons were rescued in two separate operations in the forest of Obbo Aiyegunle. One of the kidnappers was neutralised while others fled with gunshot injuries.

One of the rescued persons is said to be receiving medical care at an undisclosed medical facility in the local government.

News

Zamfara LG Chairman Abduction: Security operatives intensify rescue efforts

Security forces are currently conducting deliberate operations at the suspected location of the terrorists, aimed at safely rescuing the abducted Chairman.

Published

14 hours ago

July 25, 2026

OCHEFA

27 Views

• Family of the abducted Zamfara LG Chairman

Aliyu Danjal, Lieutenant Colonel Media Information Officer Joint Task Force (North West) Operation FANSAN YAMMA, disclosed that on hearing gunshots, troops of Operation FANSAN YAMMA responded immediately and swiftly moved to the scene where they engaged in hot pursuit of the terrorists leading to a fierce exchange of fire.

Troops’ prompt intervention forced the terrorists to abandon 5 of the Chairman’s family members comprising 2 of his children, mother, wife and his relatives, who were successfully rescued.

However, the terrorists narrowly escaped into surrounding bushes with the Chairman. Sadly, the attack claimed the lives of members of the Chairman’s security detail, including 2 policemen and 1 local vigilante who gallantly resisted the attackers.

Also, a civilian was killed while the Chairman’s elder brother, Alhaji Bello Umar was injured during the attack.

Following the incident, the Theatre Command activated a coordinated search and rescue operation involving troops of Operation FANSAN YAMMA, the Nigeria Police Force, Department of State Services (DSS) and local vigilante.

Security forces are currently conducting deliberate operations at the suspected location of the terrorists, aimed at safely rescuing the abducted Chairman.

The Theatre Command has deployed all available resources in the ongoing operation and remains in close coordination with participating security agencies.

The Theatre Command assures the Government and people of Zamfara State that every lawful and operational measure is being taken to achieve a successful outcome.

The Command appeals to members of the public to remain calm, continue with their lawful activities and provide credible information through established security channels that may assist the ongoing operation.

The Theatre remains resolute in its mandate to protect lives and property and will continue working with sister security agencies until the abducted Chairman is safely reunited with his family and the perpetrators are brought to justice.

News

IGP Disu orders officers to shoot anyone carrying illegal firearms

Disu explained that the directive was backed by Force Order 237, which empowers police officers to respond immediately to armed threats without waiting for approval from superior officers.

Published

1 day ago

July 24, 2026

OCHEFA

26 Views

The Inspector-General of Police, Olatunji Disu, has directed police officers across the country to shoot on sight anyone found carrying illegal firearms, as part of intensified efforts to curb insecurity.

Disu issued the directive on Friday during a stakeholders’ meeting at the Government House in Makurdi, the Benue State capital, saying the move followed President Bola Tinubu’s instruction that the lingering security crisis in the state must be brought to an end.

The police chief maintained that only authorised security personnel are legally permitted to carry firearms, warning that law enforcement agencies would no longer tolerate the unlawful possession of weapons.

” You cannot move around freely carrying arms as if there is no law and order in this country. It will not be tolerated,” he said.

Disu explained that the directive was backed by Force Order 237, which empowers police officers to respond immediately to armed threats without waiting for approval from superior officers.