‘We’ll transfer N9,999,” Nigerians devise means to escape FG’s electronic levy

Nigerians have devised an ingenious means to escape the deduction of N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 and above received by them.

They took to the social media to explain how they hope to beat the policy which will be implemented by Fintech companies, including OPay, Moniepoint, Kuda, Palmpay and others from Monday.

The EMTL, which until now applied to only commercial banks has now been extended to all fintechs.

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