₦airaland Forum

FreeStuffsNG:
Instead of mixing ignorance with lies in order to criminally cyberbully others with a different opinion from your uncouth approach, go and read the whole essence of the cybercrime charge and how it will be managed. If you are truly a fan of sane clime, you will not make a fuss about this issue.

No poor man or woman in Nigeria will cry if 5 kobo is taken from his/her N1,000 to deliver on the mandate of the cybercrime charge. I have always been embarrassed by how on earth you want to use ignorance and lies to replace same people in authority you mock daily. Your ilk are no credible alternative at all.
Beyond insulting and scoffing, your ilk have nothing else to offer. Smh

FreeStuffsNG:
Instead of mixing ignorance with lies in order to criminally cyberbully others with a different opinion from your uncouth approach, go and read the whole essence of the cybercrime charge and how it will be managed. If you are truly a fan of sane clime, you will not make a fuss about this issue.

No poor man or woman in Nigeria will cry if 5 kobo is taken from his/her N1,000 to deliver on the mandate of the cybercrime charge. I have always been embarrassed by how on earth you want to use ignorance and lies to replace same people in authority you mock daily. Your ilk are no credible alternative at all.
Beyond insulting and scoffing, your ilk have nothing else to offer. Smh

FreeStuffsNG:
The fee has been reduced very very significantly from 0.5% to 0.005% (almost zero percent!) in order not to throw away the baby with the bath water and help FG deliver on the purpose meant for the fund.

0.005% on N100k (one hundred thousand naira) for example is a paltry N5 (five naira) and N50 charge on N1 million naira so it makes absolute sense, low and fair enough in my opinion. Most transactions of the poor range between N1k and N100k so the highest a poor person will pay as cybercrime fee is N5 and lowest is 5 kobo!

There's so much at risk so there must be deliberate effort to sustain the security architecture around this crime.

May God bless Nigeria for ever! Check my signature for free stuffs!

FreeStuffsNG:
The fee has been reduced very very significantly from 0.5% to 0.005% (almost zero percent!) in order not to throw away the baby with the bath water and help FG deliver on the purpose meant for the fund.

0.005% on N100k (one hundred thousand naira) for example is a paltry N5 (five naira) and N50 charge on N1 million naira so it makes absolute sense, [b]low and fair enough in my opinio[/b]n. Most transactions of the poor range between N1k and N100k so the highest a poor person will pay as cybercrime fee is N5 and lowest is 5 kobo!

There's so much at risk so there must be deliberate effort to sustain the security architecture around this crime.

May God bless Nigeria for ever! Check my signature for free stuffs!

FreeStuffsNG:
The fee has been reduced very very significantly from 0.5% to 0.005% (almost zero percent!) in order not to throw away the baby with the bath water and help FG deliver on the purpose meant for the fund.

0.005% on N100k (one hundred thousand naira) for example is a paltry N5 (five naira) and N50 charge on N1 million naira so it makes absolute sense, low and fair enough in my opinion. Most transactions of the poor range between N1k and N100k so the highest a poor person will pay as cybercrime fee is N5 and lowest is 5 kobo!

There's so much at risk so there must be deliberate effort to sustain the security architecture around this crime.

May God bless Nigeria for ever! Check my signature for free stuffs!

NwaNimo1:
https://thewillnews.com/cbn-to-reintroduce-cybersecurity-levy-on-electronic-transactions/

MadPolitician:
Tax and spend! Tinubu is "widening the tax net".
Thats all they're good at.
The have taxed Lagos businesses to near extinction, but since Lagos is favoured by a lot of factors, businesses have stayed put. They are now desperately trying to export their Lagos slavish tax pllicies to the center.
Grabbing money from every corner, even from the dead. Yet, nothing tangible other than a flashy private jet and bullet proof suvs.
At this rate, they will soon start taxing burial ceremonies.

anonimi:
If it worked on 20 million supposedly woke and smart Lagosians, to keep the Bourdillon bullion vans landlord in power since 1999, why change the formula now

FreeStuffsNG:
The fee has been reduced very very significantly from 0.5% to 0.005% (almost zero percent!) in order not to throw away the baby with the bath water and help FG deliver on the purpose meant for the fund.

0.005% on N100k (one hundred thousand naira) for example is a paltry N5 (five naira) and N50 charge on N1 million naira so it makes absolute sense, low and fair enough in my opinion. Most transactions of the poor range between N1k and N100k so the highest a poor person will pay as cybercrime fee is N5 and lowest is 5 kobo!

There's so much at risk so there must be deliberate effort to sustain the security architecture around this crime.

May God bless Nigeria for ever! Check my signature for free stuffs!

FreeStuffsNG:
Instead of mixing ignorance with lies in order to criminally cyberbully others with a different opinion from your uncouth approach, go and read the whole essence of the cybercrime charge and how it will be managed. If you are truly a fan of sane clime, you will not make a fuss about this issue.

No poor man or woman in Nigeria will cry if 5 kobo is taken from his/her N1,000 to deliver on the mandate of the cybercrime charge. I have always been embarrassed by how on earth you want to use ignorance and lies to replace same people in authority you mock daily. Your ilk are no credible alternative at all.

Beyond insulting and scoffing, your ilk have nothing else to offer. Smh

FreeStuffsNG:
The fee has been reduced very very significantly from 0.5% to 0.005% (almost zero percent!) in order not to throw away the baby with the bath water and help FG deliver on the purpose meant for the fund.

0.005% on N100k (one hundred thousand naira) for example is a paltry N5 (five naira) and N50 charge on N1 million naira so it makes absolute sense, low and fair enough in my opinion. Most transactions of the poor range between N1k and N100k so the highest a poor person will pay as cybercrime fee is N5 and lowest is 5 kobo!

There's so much at risk so there must be deliberate effort to sustain the security architecture around this crime.

May God bless Nigeria for ever! Check my signature for free stuffs!

revived2:
There's nothing good about this God forasak£n policy😡😡😡


Modified: what a waste of a human, I'm sure you skipped classes in high school

Now let me school you dum-bo

0.005% of #100,000 is = #500
0.005% of #1,000,000 is = #5,000


You dum-bo shouldn't skip school next time😡😡

MadPolitician:
Tax and spend! Tinubu is "widening the tax net".
Thats all they're good at.
The have taxed Lagos businesses to near extinction, but since Lagos is favoured by a lot of factors, businesses have stayed put. They are now desperately trying to export their Lagos slavish tax pllicies to the center.
Grabbing money from every corner, even from the dead. Yet, nothing tangible other than a flashy private jet and bullet proof suvs.
At this rate, they will soon start taxing burial ceremonies.

FreeStuffsNG:
The fee has been reduced very very significantly from 0.5% to 0.005% (almost zero percent!) in order not to throw away the baby with the bath water and help FG deliver on the purpose meant for the fund.

0.005% on N100k (one hundred thousand naira) for example is a paltry N5 (five naira) and N50 charge on N1 million naira so it makes absolute sense, low and fair enough in my opinion. Most transactions of the poor range between N1k and N100k so the highest a poor person will pay as cybercrime fee is N5 and lowest is 5 kobo!

There's so much at risk so there must be deliberate effort to sustain the security architecture around this crime.

May God bless Nigeria for ever! Check my signature for free stuffs!

Konquest:
Your outbursts went overboard.

I didn't want to comment on this thread until I started seeing highly incorrect calculations by some posters on this thread.

Your calculations right above are WRONG. The guy (FreeStuffsNg) you originally quoted is absolutely right with his mathematical calculations which he obviously did with a calculator and which a Primary 3 pupil should know.

1% of 100 = 10
1% of 1000 = 100
1% of 100,000 = 10,000

[Taking the 3rd figure above which is 100,000]
1%÷100= 0.01×100,000 = 10,000

Therefore:

0.0005% (Is smaller than 1%)

0.0005% of 100,000 = 5

0.0005% of 1,000,000 = 50

Konquest:
It's a typographic error. I had already corrected it and updated my post before even seeing your mention.

I understand your initial transfered aggression and outburst towards the dude that you quoted. Don't let Nigeria's issues wear you down mentally. You are BIGGER than any problem that Nigeria or any country will throw at you currently and you will overcome them with the right focus and mental attitude. It's a well-known FACT that it's during times of economic challenges throughout world history that a new set of millionaires and billionaires are born and new inventions come into force because we live in a world of cycles... Business cycles, economic cycles, and product cycles, etc. The solutions are right in the problems or challenges facing us.


Cheers.

FreeStuffsNG:
The fee has been reduced very very significantly from 0.5% to 0.005% (almost zero percent!) in order not to throw away the baby with the bath water and help FG deliver on the purpose meant for the fund.

0.005% on N100k (one hundred thousand naira) for example is a paltry N5 (five naira) and N50 charge on N1 million naira so it makes absolute sense, low and fair enough in my opinion. Most transactions of the poor range between N1k and N100k so the highest a poor person will pay as cybercrime fee is N5 and lowest is 5 kobo!

There's so much at risk so there must be deliberate effort to sustain the security architecture around this crime.

May God bless Nigeria for ever! Check my signature for free stuffs!

FreeStuffsNG:
The fee has been reduced very very significantly from 0.5% to 0.005% (almost zero percent!) in order not to throw away the baby with the bath water and help FG deliver on the purpose meant for the fund.

0.005% on N100k (one hundred thousand naira) for example is a paltry N5 (five naira) and N50 charge on N1 million naira so it makes absolute sense, low and fair enough in my opinion. Most transactions of the poor range between N1k and N100k so the highest a poor person will pay as cybercrime fee is N5 and lowest is 5 kobo!

There's so much at risk so there must be deliberate effort to sustain the security architecture around this crime.

May God bless Nigeria for ever! Check my signature for free stuffs!

revived2:
It's clear in the topic and in the details that's the rate is 0.005%

So where did you get your 0.0005% from??

To the mod that deleted my comment ONJR