Moniepoint, other Nigerian banks to charge 7.5% VAT on transfers, USSD transactions Moniepoint and several other Nigerian banks have informed their customers of a new 7.5 percent Value Added Tax (VAT) to be applied to bank transfers and Unstructured Supplementary Service Data (USSD) transactions. According to a customer notice obtained by DAILY POST on Wednesday, […] Moniepoint, other Nigerian banks to charge 7.5% VAT on transfers, USSD transactions