Order CBN to stop 0.5% charge on electronic banking transactions, SERAP urges Tinubu

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PREMIUM TIMES reported that the CBN on Monday asked banks in Nigeria to start charging a 0.5 per cent cybersecurity levy on online transactions. The CBN said the directive was to implement the amended Cybercrime Act. Whether you turn to Premium Times for daily updates, in-depth investigations into pressing national issues, or entertaining trending stories, we value your readership.

The statement, read in part: “Our lawyer Ebun-Olu Adegboruwa, SAN, is already preparing the necessary court papers should the administration fail or neglect to act as recommended.” “The repressive provisions of the Cybercrimes Act 2024 are clearly inconsistent and incompatible with the public trust and the overall objectives of the Constitution. A false oath lacks truth and justice. The oath statements require the oath takers to commit to uphold and defend the Constitution.”

Source: Financial Digest (financialdigest.net)

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