₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,326,668 members, 8,427,509 topics. Date: Tuesday, 16 June 2026 at 05:21 AM

Toggle theme

Frank2025's Posts

Nairaland ForumFrank2025's ProfileFrank2025's Posts

1 (of 1 pages)

CrimeRe: Police Rescue Three Missing Children In A’ibom, Arrest Two Suspects by Frank2025: 5:56pm On Jun 04
Emeskhalifa:
Where are their cows? Since according to some people, it is only fulanis that are into kidnapping
It started in Rome but not too pronounced

It was during the pre-colonial era , people were kidnapped for slave trade and so on, it was the colonial masters that introduced kidnapping in Africa, but those white bastards did us bad thing
EducationRe: Osun: Schools shut as bandits allegedly drop letter. Adeleke, Police react by Frank2025: 7:40pm On Jun 02
dibunotion:
I'm beginning to love these bandits guys
Because they have not kidnap one of your family member, don't worry keep on liking them or loving them when it will reach you you it will look like a tsunami nor worry
Science/TechnologyRe: Google Redesigns Its Workspace With New AI Style Icons by Frank2025: 11:50am On May 22
Even WordPress dashboard too
CareerRe: Worker Receives N25m Compensation After Losing Arm In Lagos Factory Accident by Frank2025: 12:02pm On May 12
GanagiBitrus:
Some people may not mind losing an arm for ₦25m.
My thoughts bro , I was just thinking that, most won't mind at all
CrimeRe: Bandits Abandon Large Cache Of Arms, Ammunition After Sighting Police In Taraba by Frank2025: 8:13pm On Apr 28
The question is! the police that doing the work of the army
PoliticsRe: FG Raises Allowances, Boosts Welfare For Nigerian Civil Servants by Frank2025: 5:50pm On Apr 24
yyoomy63:
Kudos to TINUBU and APC
I expect more to come before TINUBU leave office in 2031💯
Na people like you go dey talk nonsense, this thing dey vex me angry
PoliticsRe: FG Raises Allowances, Boosts Welfare For Nigerian Civil Servants by Frank2025: 5:47pm On Apr 24
Wayo criminals, we nor go still vote for you 3 years in office you didn't do that one wen we are close to election na now you know you want to sit up , if una like vote for this man he go sell Nigeria
PoliticsRe: 2027: Which Combo Will Defeat Tinubu By 12 Noon? by Frank2025: 4:19pm On Apr 16
BATified2023:
see ignoramus people we argue politics with?


So for your mind atiku can still b vp?

Aside that, so for your mind atiku will b vp to obi n b saying yes sir under him?

U people are just too delusional
Common English you don't understand,
Foreign AffairsRe: France To Increase Nuclear Warheads, Lend Nuclear Aircraft To Europe Allies by Frank2025: 8:51pm On Mar 02
Why do all these white men like war I don't understand you can't see Africans leader talking about creating warhead, all these guys are the ones that will end this world if care is not taking
IslamRe: Distractions Of Phones In The House Of Allah by Frank2025: 12:35pm On Feb 13
Salam alaikum I greet you all
PoliticsRe: ADC Warns Lagos Residents Against Sharing PVC Details With Political Groups by Frank2025: 7:39am On Feb 13
helinues:
Association of Desolate Congress
And I guess you are the chairman and CEO
PoliticsRe: FCTA Workers Call Off Strike After Overnight Talks With Wike by Frank2025: 9:01am On Feb 03
Useless people everywhere
PoliticsRe: I Got ₦958 Million As Gifts, ₦374 Million Salary, Allowances, Malami Tells Court by Frank2025: 8:58am On Feb 03
SmartPolician:
Imagine what one government official earns while agbadorians defend them for a meagre 30k monthly income. I hope they have increased it to the minimum wage threshold of 70k monthly though.
The Attorney General of the Federation (AGF) and Minister of Justice in Nigeria earns an annual basic salary of approximately ₦2,026,400 (roughly ₦168,866 monthly) according to Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) standards.


This is meant to be their salary this country is an hell hole mehn what is going on mehn
BusinessRe: Opay, Monipoint, Others To Begin 7.5% VAT On Transfers, USSD Transactions From J by Frank2025: 10:17am On Jan 15
onyxo76:
aha, at least you have a good information to tell us about this thing, do you work in the bank, they should have said it was on the service charges not the main transfer.
Yes that's why misinformation can cause problems , they don't explain it very well, they want to put fear in heart of the masses wicked government
Business7.5% VAT On Bank Transfers In Nigeria: A Comprehensive Guide by Frank2025(op): 10:02am On Jan 15
The Nigerian Revenue Service (NRS) has introduced a 7.5% Value Added Tax (VAT) on certain electronic banking services, effective January 19, 2026. This new tax policy will affect banks, fintechs, and users of electronic banking services in Nigeria.

What is the 7.5% VAT on Bank Transfers?
The 7.5% VAT applies to service fees charged by banks and fintechs on transactions like mobile transfers, USSD payments, and card issuance fees. The VAT is calculated on the service fee, not the transaction amount.

How Will the 7.5% VAT Affect Your Transactions?
- Banks and fintechs will charge VAT on service fees for electronic transactions.
- The VAT will be itemized separately on transaction receipts and account statements.
- Users will pay the VAT on top of the service fee.

Services Exempt from 7.5% VAT
- Interest on deposits and savings.
- Services rendered by Microfinance Banks with tier 1 unit or tier 2 unit licenses.

Example Calculation
- Service fee for ₦100,000 transfer: ₦50
- 7.5% VAT on ₦50: ₦3.75
- Total fee: ₦53.75

Impact on Personal and Business Accounts
The 7.5% VAT applies to both personal and business accounts. However, businesses can claim input VAT on their banking services as part of their VAT returns.

How to Minimize Charges
- Use electronic transactions with lower service fees.
- Consider bulk transactions to reduce service fees.
- Check with your bank for VAT-exempt services.

Frequently Asked Questions
- Q: Does the 7.5% VAT apply to all bank transactions?
A: No, it applies to specific electronic banking services.
- Q: Who pays the 7.5% VAT?
A: The user pays the VAT on top of the service fee.

Conclusion
The 7.5% VAT on bank transfers is a new tax policy aimed at generating revenue for the government. Users of electronic banking services in Nigeria should be aware of the impact on their transactions and plan accordingly.
BusinessRe: Opay, Monipoint, Others To Begin 7.5% VAT On Transfers, USSD Transactions From J by Frank2025: 9:57am On Jan 15
onyxo76:
wait...so if I transfer 100k they will remove 7500 as vat from my account again?
You go school at all 7.5% vat is like 3.75#


They are not charging your main money this how is works

Service fee for ₦100,000 transfer ≈ ₦50 - ₦100 (varies by bank)
7.5% VAT on ₦50 fee = ₦3.75
-Total fee = ₦53.75

So, on ₦100,000, VAT ≈ ₦3.75 (if service fee is ₦50).
EducationRe: AAU Students Imprisoned After Violent Protests by Frank2025: 11:02pm On Jan 12
Seun posted news today, this is the first time since I joined nairaland I have seen him posted like normal news
Foreign AffairsMaduro And Wife Plead Not Guilty In Manhattan Court by Frank2025(op): 8:02pm On Jan 05
In a scene that would have been unimaginable just weeks ago, deposed Venezuelan leader Nicolás Maduro stood before a United States federal judge on Monday, January 5, 2026, to answer to a litany of narco-terrorism charges. Appearing in a Manhattan courtroom less than 48 hours after his high-profile capture by U.S. special forces in Caracas, the 63-year-old was defiant, repeatedly asserting his innocence through a Spanish interpreter. “I am innocent. I am a decent man. I am still the president of my country,” Maduro declared before being firmly silenced by U.S. District Judge Alvin Hellerstein, who noted that the courtroom was a place for legal pleas, not political speeches.

The morning began with a tightly coordinated security operation that saw Maduro and his wife, Cilia Flores, transported from a detention center in Brooklyn to the Daniel Patrick Moynihan Courthouse. Escorted by federal agents in tactical gear, the couple was flown by helicopter across New York Harbor before being whisked into the courthouse via an armored motorcade. Inside, Maduro appeared in a blue prison uniform and handcuffs, a stark contrast to the presidential sashes and military parades that defined his decade-long rule.

The U.S. Department of Justice has leveled a staggering 25-page indictment against the former leader, accusing him of presiding over the “Cartel of the Suns.” Prosecutors allege that Maduro partnered with the Mexican Sinaloa and Zetas cartels, as well as Colombian FARC rebels and the Tren de Aragua gang, to flood American streets with thousands of tons of cocaine. The charges—which include narco-terrorism conspiracy and the possession of destructive devices—carry a potential sentence of life imprisonment. Maduro has long dismissed these allegations as a “Yankee fabrication” designed to seize Venezuela’s vast oil reserves.

Cilia Flores, often referred to as the “First Combatant” in Venezuela, also entered a plea of not guilty to charges of cocaine importation conspiracy. Appearing with a bandage on her forehead and a visible injury near her right eye—reportedly sustained during the chaotic military raid on the presidential compound—she stood silently as her legal team affirmed her innocence. Like her husband, she will remain in federal custody without bail, as the court deemed both to be significant flight risks given their international connections.

The atmosphere outside the courthouse was electric, with hundreds of protesters divided by police barricades. One group sang the Venezuelan national anthem in celebration of the “fall of a dictator,” while another group of supporters decried the U.S. military intervention as an illegal “kidnapping” of a sovereign head of state. This legal battle is expected to be one of the most significant in the history of the Southern District of New York, involving complex arguments over sovereign immunity and the legality of the U.S. operation that brought them to American soil.

Judge Hellerstein, a 92-year-old veteran of the bench, has set the next court date for March 17, 2026. Until then, Maduro and Flores will return to the Metropolitan Detention Center in Brooklyn. While the U.S. administration moves to recognize a transitional government in Caracas, the legal drama in New York has only just begun. As Maduro was led out of the courtroom, he looked toward the gallery and shouted in Spanish, “I am a prisoner of war,” a final act of defiance before the heavy doors of the courtroom swung shut.

https://dependable.ng/i-am-still-president-maduro-and-wife-plead-not-guilty-in-manhattan-court/

mynd44 seun Nlfpmod

IslamRe: Tax, Truthfulness, And Fear Of Allah by Frank2025: 11:37am On Jan 02
Nawa this religion again
PoliticsRe: New Tax Laws: Has Your Bank Account Been Restricted? by Frank2025: 2:31pm On Jan 01
coputa:
The planned restrictions was about TIN and that has been cleared because one's NIN number now serves as a tax number.

And all bank account holders has NIN,so, there's no more need to submit TIN,since their NIN number is now their tax identification number.

Therefore, there's no need for banks to restrict their customers accounts
What if my nin is connected to my bank only bvn
CrimePolice Arraign 5 Over Fake Akwa Ibom School Girls’ Kidnap Report by Frank2025(op): 10:24pm On Dec 04, 2025
The Akwa Ibom State Police Command has announced that five suspects have been formally charged to court in connection with the fabrication and dissemination of a false kidnapping report involving students of Oron Secondary School in the state.

Dependable NG reports that the Commissioner of Police in Akwa Ibom, CP Baba Mohammed Azare, disclosed this key development during a high-level strategic security meeting with youth presidents and youth leaders drawn from all 31 local government areas of the state, held at the command headquarters, Ikot Akpanabia.

The Commissioner stressed that such false alarms are capable of inciting widespread panic and severely undermining public confidence in the security system. He assured the public that the command will continue to take decisive action against anyone who spreads misinformation or attempts to destabilize the peace of the state.

He called on all youth leaders to champion truth, promote responsible social media use, and actively counter false narratives capable of disrupting public order. He also urged them to foster stronger collaboration with Divisional Police Officers (DPOs) to ensure the early detection of threats and the swift resolution of emerging issues.

CP Azare also issued a stern warning against jungle justice, describing the act as unlawful, barbaric, and likely to trigger widespread violence. He emphasized that no individual or group has the right to take the law into their own hands. He warned that anyone found participating in mob action shall be arrested and prosecuted, and urged youths to always hand over suspects to the police for proper investigation and lawful prosecution.

Regarding the state government’s recent ban on hostile masquerade activities, CP Azare confirmed that enforcement has commenced. Masquerades’ activities are now strictly confined to village or town hall squares, and any necessity for activities outside these areas requires formal clearance from the office of the Police Commissioner.

In response, the youth leaders and community representatives unanimously appreciated the Commissioner of Police for his strong leadership, commitment to peace and order, and maintenance of tight security in the state, while pledging their total readiness to support the police in improving security. The representative of content creators also promised to cooperate with the command and refrain from engaging in crime or causing problems in the name of content creation.

https://dependable.ng/akwa-ibom-police-arraign-5-over-fake-school-girls-kidnap-report/

Mynd44, Seun, Nlfpmod

IslamRe: Qualification For Islamic Polygamy! by Frank2025: 2:14pm On Nov 21, 2025
This religion sha

God help us alll
PoliticsRe: Sowore Reacts To Fayose’s Insults Against Obasanjo: “When Two Deputy Devils Jam" by Frank2025: 8:33am On Nov 18, 2025
Hmm

God help us it's well o
Science/TechnologyRe: What's The Name Of This Plant by Frank2025: 9:46am On Oct 28, 2025
This is a beautiful flower

https://www.dependency.ng
CrimeRe: Wife Of Missing Amotekun Officer Protests In Akure, Demands Answers by Frank2025: 9:45am On Oct 28, 2025
This very terrible News God help us security officers too

https://www.dependency.ng
CrimeRe: Eight Nigerians Drug Traffickers Arrested In Bangkok, Thailand by Frank2025: 7:31am On Oct 28, 2025
This really terrible, God help us


https://www.dependency.ng

1 (of 1 pages)