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Nairaland Forum / Nairaland / General / Business / CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions (21811 Views)
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Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by rofesobi: 8:45am On May 07 |
You na never here anything, U na go hear pansapansa. |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by elasticlala: 8:45am On May 07 |
Wake up every morning to more afflictions from oppressors. Why put any levy on the enactment of cybercrime act? Is this how they do it in other countries? They should as well put levies for other acts. This is just the height of impunity and stupidity. 4 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Digmygold: 8:46am On May 07 |
FalseProphet1: Are we in a dictatorship? This is a democracy for heaven's sake and CBN is beginning to do too much and I hope Nigerians fight back. 1 Like 1 Share |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Druss(m): 8:46am On May 07 |
This is ridiculous! 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Frankbaro(m): 8:46am On May 07 |
This Tinubu government is simply out to ruin the people. 3 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by jayce232: 8:47am On May 07 |
noobody:A times I wonder how can a man be so hard hearted. There is no iota of empathy in him. Despite the hardship & sufferings Nigerians are going through, this man still have the mind to continue heaping taxes on Nigerians. This was the reason they started attacking digital banks recently, because these kind of illegal charges are easier with commercial banks. 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Digmygold: 8:47am On May 07 |
Watinhapen: How to scheme on dubious policies aimed at robbing us of our hard earned money. 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Druss(m): 8:48am On May 07 |
Sapiosexuality: The irritating thing is that the clowns think the scraps from their masters' table will make them rich because one day they will get to that level - Newsflash! It will not happen. They are setting up their own flesh and blood to take over from them. Continue defending the very people that are making you poorer and poorer. This goes to all the posters insulting fellow Nigerians who have a right to be unhappy. NB I await someone coming to say it is 2% in another country .. 6 Likes 1 Share |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Nigeriakan: 8:48am On May 07 |
Anyone who understands the piece should please answer my question. Does it apply to Opay and Moniepoint too? Let me know where to move my money. What in D's name is Cyber security fee? 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Aarenaija: 8:48am On May 07 |
This elitist government would continue to deal with Nigerian ruthlessly.......... What a shame. All kinds of charges. 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Fuckyoumod: 8:49am On May 07 |
Millimann:i almost attacked your first line of sentence. But after reading further I realized that you made all the sense in the world. The people that voted this blood sucker will feel it too. 9 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Bizibi(m): 8:50am On May 07 |
This is official stealing.....I know there will be controversies on this policy. 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by bobbiiee: 8:50am On May 07 |
To what end? Is that insurance fee against loss or looting charge? All it takes is 1 kobo on millions of bank users daily. |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by ConfidentialDoc: 8:50am On May 07 |
Nigerians will wake up 2026 |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by addictiv(m): 8:51am On May 07 |
Tinubu na Tax man, so not surprised 3 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Mentcee(m): 8:51am On May 07 |
Y |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by ngwababe(f): 8:52am On May 07 |
APC fans no follow shaa. 1 Like 1 Share |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by jmoore(m): 8:54am On May 07 |
Nigeriakan:It applies to all. 3 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by CooldipoMPS: 8:56am On May 07 |
Can we check how many levies other countries impose on similar transactions 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by justmondris: 8:56am On May 07 |
Bunch of criminals. Which one is the cybersecurity levy again? It is not the responsibility of the banks to invest heavily in cybersecurity and ensure that customers' data and transactions are secure. Are we not paying transfer fees? Why cannot they deduct the expenses from their monthly profit to handle this? A lot of companies in other countries invest heavily in cybersecurity and they pay from their profit because it's one of the core responsibilities of any reasonable business that runs on the internet. Very soon, these mad people will start charging us fees to pay their customers. JPMorgan Chase bank spends $15 billion every year on cybersecurity, and they have over 62,000 employees in charge of cybersecurity. Source: https://www.fanaticalfuturist.com/2024/03/jpmorgan-fights-45-billion-hacking-attempts-each-day-with-15-billion-budget/ 1 Like 1 Share |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by anonimi: 8:56am On May 07 |
Evercurious: This nonsense was also passed by your representative and senator. Hold them accountable. Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and under the provision of Section 44 (2)(a) of the Act, a levy of 0.5 per cent (0.005) equivalent to a half per cent of all electronic transactions value by the business specified in the Second Schedule of the Act, is to be remitted to the National Cybersecurity Fund which shall be administered by the Office of the National Security Adviser. 2 Likes 1 Share |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by mycar: 8:58am On May 07 |
Paying N50k to transfer N10M 2 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by frankputer: 8:59am On May 07 |
Nigeriakan: Yes it is applied to Opay , Monie point and others 2 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by anonimi: 8:59am On May 07 |
ngwababe: Yes nah, they are immune to all these charges to expand the net of taxes and taxpayers for squeezing money from the impoverished masses as you would squeeze water from a rock, and choke life out of the extreme poverty wailing wailers rationing half corns and sliced raw yam tubers on sale. Enikanlomo shege banza is really real! 2 Likes 2 Shares |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by sammirano: 8:59am On May 07 |
Nigeriakan: It applies to all and sundry! 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by mrcrabs(m): 9:00am On May 07 |
Lmapooooooo they wan use tax finish us |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by esemes256: 9:01am On May 07 |
Transaction charges SMS charges Account Maintenance fee Stamp Duty charge Cybersecurity Levy Miscellaneous Bank Charges, etc, etc, etc. Our money don suffer |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by CodeTemplar: 9:03am On May 07 |
This is a criminal levy. If it must be done, it should be 0.05% and not ten times that. |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by FOOTSOLDIER2(f): 9:05am On May 07 |
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Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Blitzking: 9:05am On May 07 |
treesun:Does this affect palm pay..monie point...kuda or opay. |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Gerrard59(m): 9:07am On May 07 |
erico2k2: And one does not see what the money is used for o So, the tale about lower taxes as the reason to enjoy Nigeria compared to the abroad is null and void. 2 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by erico2k2(m): 9:07am On May 07 |
Fearyourcreator:OK let us compare make we see who lie wan kee taxes paid in Nigeria You get taxed for Road licence for your car (if you drive) Payee bank Deposit tax this new bank tax Police Road safety MOT proof of ownership(if U have a car) want me to go on? In the Uk You just pay income tax and NI, and road tax if your car has to pay. 1 Like |
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