“Stop Sharing Your Account Numbers Publicly” – Moniepoint MD Tells Nigerians, Give Reason

The Managing Director of Moniepoint Microfinance Bank, Mr. Babatunde Olofin, has cautioned Nigerians against sharing their account numbers publicly, especially during the festive season, to avoid falling victim to cyber fraud. Babatunde revealed this in an interview with the News Agency of Nigeria (NAN) on Sunday. He emphasized the importance of cyber security awareness, warning…

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BREAKING: FG Begins N50 Electronic Levy Deductions From Opay, Moniepoint, Others’ Users

The federal government has commenced N50 electronic levy deductions from transactions of N10,000 and above made by users of financial technology (Fintech) companies, including Opay, Moniepoint, Kuda, and others. The levy, called Electronic Money Transfer Levy (EMTL), introduced under the Finance Act 2020, places a singular and one-off levy of N50 on the recipient of…

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