December 13, 2025
Headlines

Opay

EFCC Sends Important Message To OPay

GISTSMATE MEDIA03 mins

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has charged the management and staff of Opay to make compliance with existing regulations a watchword to ensure business integrity and block avenues for money laundering and fraudulent practices. Olukoyede gave the charge in Abuja on Thursday, December 11, 2025, when…

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

GISTSMATE MEDIA03 mins

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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