CBN don direct banks make dem implement 0.5% cybersecurity levy on transactions

May 7, 2024

CBN don tell deposit money banks for Naija make dem begin to charge 0.5% cybersecurity levy on top of transactions.

Dem talk am for circular wey dem send out, and e be like say e follow after the Cybercrime (amendment) Act 2024 wey don pass, wey talk say make half percent of all the value of electronic transactions, go enter National Cybersecurity Fund (NCF).

Apex bank talk say dem go start to implement the levy two weeks after the circular land, and the money go dey charged from where the electronic transfer start, then dem go collect am and send am go the financial institution.

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