CBN’s Cybersecurity Levy Heartless, Unacceptable, Say Northern Groups   

CBN’s Cybersecurity Levy Heartless, Unacceptable, Say Northern Groups  

The Coalition of Northern Groups (CNG) has strongly rejected the proposed imposition of 0.5% cybersecurity levy on every electronic transaction in the Nigerian banking system by the Central Bank of Nigeria (CBN), describing it as extortion. In a statement by CNG’s National Coordinator, Comrade Jamilu Charanchi, the group said the levy, which is expected to be effective within the next two weeks, exemplified the Federal Government’s lack of compassion and empathy to the plight of Nigerians in...
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