MoMo Issues Important Notice to Nigerians Awaiting ₦50,000 NERSI Relief Payment

Nigeria Startup News

November 14, 2026

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MoMo Payment Service Bank (PSB) has reminded Nigerians awaiting the Federal Government’s ₦50,000 National Emergency Relief and Stabilisation Intervention (NERSI) payment that the process is free.

The bank warned beneficiaries not to pay anyone, click links claiming to release the money or share their personal banking details. It also stressed that only people selected by the Federal Government qualify for the relief payment.

Beneficiaries who have received an official confirmation SMS are required to give consent before proceeding. MoMo said customers can use its MoMo PSB NG app or the USSD channel through its official channels.

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How to give consent

Dial *671*0# to give consent. For enquiries, call 0700-022-2222.

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