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FG to Enforce 7.5% VAT on Bank Transfers, USSD Transactions from January 19

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Nigerians will begin paying a 7.5 per cent Value Added Tax (VAT) on selected banking services, including mobile transfers and USSD transactions, from January 19, 2026, following a new regulatory directive issued to financial institutions.

A customer notice circulated by digital bank Moniepoint and obtained by SaharaReporters confirmed the development, attributing the charges to instructions from the tax authorities. According to the notice, banks and other financial service providers have been mandated to begin collecting and remitting VAT on specified electronic banking services.

Moniepoint stated that the tax would be collected on behalf of the Nigerian Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS), in line with the government-backed directive.

The VAT will apply to certain services, including mobile banking transfers, USSD transaction fees, and card issuance charges. However, the fintech firm clarified that not all banking services are affected, noting that interest earned on savings and deposit accounts remains exempt from VAT.

The company emphasised that the new deductions do not amount to an increase in its service charges, stressing that it is merely complying with regulatory requirements to collect and remit the tax to the NRS.

Moniepoint also disclosed that the tax authority has set January 19, 2026, as the compliance deadline for commercial banks, microfinance banks, and electronic money transfer operators.

Customers were assured that the VAT charges would be applied transparently, with all deductions clearly itemised on transaction receipts and account statements.

The introduction of VAT on electronic banking services is expected to impact millions of Nigerians who rely heavily on mobile banking apps and USSD platforms for everyday financial transactions.

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Governor Yusuf Approves New Appointments, Promotions

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Kano State Governor, Abba Kabir Yusuf, has approved a new round of appointments and promotions with immediate effect, as part of efforts to strengthen governance and enhance institutional performance in the state.

The development was announced in a statement released on Monday by the governor’s spokesperson, Sunusi Bature Dawakin Tofa.

According to the statement, Abubakar Ibrahim Matawalle has been appointed as the Acting Director-General of the Kano State Pilgrims Welfare Board. Matawalle, a retired permanent secretary, previously served in a similar role and also held office as the board’s executive secretary. He was described as a seasoned administrator who rose through the civil service ranks from Assistant Secretary to Permanent Secretary before retiring in 2014, after eight years in the position. The statement noted his strong track record in the effective management of Hajj operations.

Governor Yusuf also approved the promotion of Yusuf Mukhtar to the rank of Permanent Secretary.

In another appointment, Barrister Rahama Malam Alhaji was named Provost of the Kano State Anti-Corruption Institute. She was praised as an accomplished legal practitioner with over seven years’ experience spanning litigation, corporate law, electricity law, regulatory compliance and dispute resolution. The statement highlighted her professional background across both public and private sectors, including her time at the Kano Electricity Distribution Company and her role as Head of the School of Law at Maryam Abacha American University of Nigeria. She holds a Master of Laws degree in International Law and was credited with pioneering initiatives such as the establishment of a Law Clinic and a Student Bar Association.

The governor further approved the promotion of veteran Kannywood actress Aina’u Ade from Special Assistant to Senior Special Assistant on Kannywood Affairs, citing her impressive performance and dedication in her previous assignment.

The statement said the latest appointments and promotions reflect the administration’s resolve to reinforce governance structures and ensure the efficient management of public institutions. Governor Yusuf urged the beneficiaries to justify the confidence reposed in them through diligence, transparency and unwavering commitment to the Kano First Agenda.

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NIMR Warns Public Over Fake LinkedIn Account Impersonating DG

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The Nigerian Institute of Medical Research (NIMR) has issued a public alert over a fraudulent LinkedIn account impersonating its Director-General, Professor John Oladapo Obafunwa, urging Nigerians to disregard and report any communication linked to the fake profile.

In a statement released on Saturday by the Institute’s Media Consultant, Mr Sam Eferaro, NIMR disclosed that the impostor account has been sending misleading messages to unsuspecting individuals, falsely offering procurement opportunities, contracts and other business-related engagements.

According to the statement, the attention of the Institute was drawn to the existence of the fake LinkedIn profile posing as the Director-General, adding that all messages emanating from the account are entirely fraudulent.

NIMR cautioned members of the public against engaging with any messages purportedly sent by Professor Obafunwa through LinkedIn or other unofficial platforms, particularly those soliciting business dealings or financial commitments.

The Institute further emphasised that all legitimate interactions with vendors, contractors, partners and the public are conducted strictly through recognised and official institutional channels, in line with established public service procedures.

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PFN Condemn Calls for INEC Chair’s Removal Over Alleged Genocide Remarks

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The Pentecostal Fellowship of Nigeria (PFN) has dismissed calls by the Supreme Council for Shari’ah in Nigeria demanding the removal of the Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan, over comments he allegedly made concerning genocide.

In a statement issued on Sunday and signed by its National Secretary, Bishop David Bakare, the PFN described the demand as unfounded and unjustifiable, stressing that Prof. Amupitan, like every Nigerian, is constitutionally entitled to express opinions on matters of national interest, regardless of his public office.

The Fellowship maintained that the remarks attributed to the INEC chairman had no link to his official duties, noting that they were unrelated to elections or electoral processes, which fall within the scope of his professional responsibilities.

“We strongly oppose such calls because Prof. Amupitan, as a citizen of Nigeria, has the right to speak on issues he perceives as affecting the nation, irrespective of his appointment or position,” the statement said.

PFN further condemned suggestions that the INEC chairman should be removed on the basis of personal views expressed outside his official mandate, warning that such actions could set a dangerous precedent where public officials are penalised for holding or expressing independent opinions.

The organisation also cautioned against interpreting national discourse through religious perspectives, arguing that such an approach risks deepening societal divisions and threatening peaceful coexistence.

“We must guard against profiling individuals or judging them based on religious considerations. Prof. Amupitan has the right to express his views, and this should not come at the expense of his office,” the statement added.

The Fellowship urged stakeholders to exercise restraint and mutual respect in addressing sensitive national issues, emphasising that unity, fairness, and peaceful engagement must remain central to public discourse.

PFN reaffirmed its commitment to justice and national cohesion, calling on Nigerians to uphold democratic values in responding to differing opinions on matters affecting the country.

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