Business

Reps order CBN to suspend 0.5% Cybersecurity levy.

Published

on

Spread the love

 

The House of Representatives has directed the CBN to half the proposed implementation of the cybercrimes levy of 0.5% imposed on electronic transactions by bank customers.

Consequently, the House directed the CBN to withdraw the ambiguous circular in existence & issue an unequivocal circular in line with the letters & spirit of the Cybercrimes Act, 2024.

The Green Chamber also mandated its Committees on Banking Regulations & Banking & other Ancillary Institutions to guide the CBN properly. This followed the adoption of a motion of urgent public importance moved by the House Minority Leader, Hon. Kingsley Chinda & 359 others.

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version