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Inside Naija-Central Bank of Nigeria tells all banks to collect and remit cyber security levy to the National Cyber security Fund (NCF)

Inside Naija

Central Bank of Nigeria tells all banks to collect and remit cyber security levy to the National Cyber security Fund (NCF)

Administrator
Tuesday 07 May 2024 07:43:54

central-bank-nigeria

Central Bank of Nigeria on their X official page has released a circular to all non-interest and payment service banks, other financial institutions, mobile money operators and payment service providers to collect and remit Cyber security Levy from customers

 

This implies that all customers of any of the above stated institution shall be made to pay the said compulsary Cybersecurity Levy at the point of transaction with a narration "Cybersecurity Levy"

 

This fee will be additional to the Stamp Duty, Electronic levy, and SMS Charge

 

See official circular below

cbn-circular


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