Customer speaks out after arrest over questions on Moniepoint VAT charges

Questions astir VAT charges connected transactions processed done the Moniepoint level took centre signifier successful Lagos connected Wednesday, March 11 arsenic a lawsuit and his ineligible representatives addressed journalists implicit a quality that has present moved into the courts.

At a property league held astatine Excellence Hotel successful Ogba, Lagos, Adebayo Ali Oluwafemi, who identified himself arsenic a lawsuit of the platform, recounted the events that followed aft questions began circulating connected societal media astir VAT deductions applied to definite transactions connected the platform.

According to Oluwafemi, the contented began earlier this twelvemonth erstwhile helium received a connection from Moniepoint referencing VAT updates related to definite fiscal charges. Shortly afterward, helium said helium came crossed a nationalist connection from the Nigerian Revenue Service indicating that caller taxation authorities had not introduced VAT connected banking fees.

The evident contradiction soon sparked conversations online astir however the VAT charges were being applied.

“As a customer, I simply wanted to recognize wherefore VAT was being applied to those charges erstwhile the nationalist connection from the taxation authorities suggested otherwise,” helium said portion addressing the press.

What followed, helium said, escalated beyond a regular lawsuit complaint.

Oluwafemi told journalists that constabulary of...