Opay, Moniepoint, others commence ₦50 electronic levy deductions for FIRS Story by Victor Itodo ABUH  The Federal Government has started the deduction of an ₦50 electronic levy on transactions of ₦10,000 and above conducted through financial technology (Fintech) platforms like Opay, Moniepoint, and Kuda. The Electronic Money Transfer Levy (EMTL), introduced under the Finance Act 2020, applies as a one-off charge for recipients of electronic transfers. Although initially announced to take effect on September 9, 2024, implementation began officially on December 1, 2024. The levy has sparked widespread criticism among Nigerians, with groups such...