UPDATED: Reps halt implementation of cybercrime levy by CBN

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UPDATED: Reps halt implementation of cybercrime levy by CBN
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The Nation Newspaper UPDATED: Reps halt implementation of cybercrime levy by CBN

to immediately halt the implementation of the cybercrime levy introduced by the apex bank in compliance with the provisions of the cybercrime Act.

Chinda said section 44 of the cybercrime act listed those to pay the stipulated fees as GSM abd telecom companies, Internet providers, Banks and other financial institutions, insurance companies and Stocks Exchange. “Section 44 of the Cybercrimes Act, 2024 provides that “a levy of 0.5% equivalent to half percent of all electronic transactions value by business specified in the Second Schedule to this Act” be paid into the Cybersecurity Fund.

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