Nigeria, a nation brimming with potential, finds itself in a precarious economic bind and grappling with a series of implemented policies and practices that seem designed to further pauperise and exacerbate the burden of its citizens with excessive taxation to questionable government spending, which leaves “the children of Satan envious” when it comes to practicalising wickedness!
So, what exactly is EMTL- (Electronic Money Transfer Levy), an imposition or extortion of a N50 charge on every electronic money transfer of N10,000 or more. The levy applies to transactions conducted through banks, fintech platforms, and other financial institutions. Exemptions was supposed to include transfers below ₦10,000, transfers between accounts of the same owner or within the same financial institution, intra-account transfers within the same bank, and transactions involving government accounts or humanitarian purposes.
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