You na never here anything, U na go hear pansapansa.

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.

FalseProphet1:
And the looting continues.

This I have seen.

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.

This is ridiculous!

This Tinubu government is simply out to ruin the people.

noobody:
They keep throwing all this policies and fraudulent means to forcefully take money from us,still making us suffer,

This won't sit well with me!!

Tinubu is just out for blood,

Suck poor nigerians through every means possible,

I don't care if the policy was before his administration,

He should not be the one to implement this rubbish.

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.

Watinhapen:
Thieves in corporate attire. This Tinubu illegitimate government is a disaster. Nothing is working in the country. The only thing they know is how to impoverished the masses.

How to scheme on dubious policies aimed at robbing us of our hard earned money.

Sapiosexuality:
This govt doesn't give a shit. They can get away with anything. APC and Tinubu in particular are demonic. They have succeeded in using propaganda and paid idiots online to divide us to a level that we can't even protest or demand for change. Watch how the paid clowns will swarm on this thread.

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 ..

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?

This elitist government would continue to deal with Nigerian ruthlessly..........

What a shame. All kinds of charges.

Millimann:
The charges are okay as long as it is paid by all, both the sensible ones and the supporters of this useless government.

We must get sense by force after being blinded by tribalism.

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.

This is official stealing.....I know there will be controversies on this policy.

To what end? Is that insurance fee against loss or looting charge? All it takes is 1 kobo on millions of bank users daily.

Nigerians will wake up 2026

Tinubu na Tax man, so not surprised

Y

APC fans no follow shaa.

Nigeriakan:
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?

It applies to all.

Can we check how many levies other countries impose on similar transactions

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/

Evercurious:
What's this nonsense again?

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.

Paying N50k to transfer N10M

Nigeriakan:
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?

Yes it is applied to Opay , Monie point and others

ngwababe:
APC fans no follow shaa.

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!

Nigeriakan:
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?

It applies to all and sundry!

Lmapooooooo they wan use tax finish us

Transaction charges
SMS charges
Account Maintenance fee
Stamp Duty charge
Cybersecurity Levy
Miscellaneous Bank Charges, etc, etc, etc.

Our money don suffer

This is a criminal levy. If it must be done, it should be 0.05% and not ten times that.

my only joy is that this levy is for everybody, both agbado and obidients. All of us we are in this together.

treesun:


https://punchng.com/cbn-orders-banks-to-charge-0-5-cybersecurity-levy/

Does this affect palm pay..monie point...kuda or opay.

erico2k2:

I told you lot that Nigeria tax us more than the Uk tax us living in there.

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.

Fearyourcreator:

Na lie go kee you

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.