Regulatory Alerts2024-05-19 | PSM/DIR/PUB/LAB/017/005RE: Cybercrimes (Prohibition, Prevention, etc) (Amendment) Act 2024 - Implementation Guidance on the Collection and Remittance of the National Cybersecurity Levy
The Central Bank of Nigeria issued a circular to financial institutions and payment service providers, withdrawing its previous guidance on the National Cybersecurity Levy. The levy, which was established by the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act 2024, is no longer referenced in the circular. The circular was issued by the Director of the Payments System Management Department and the Director of the Financial Policy and Regulation Department.
Central Bank of Nigeria Payments System Management Department Plot 33, Abubakar Tafawa Balewa Way Central Business District P.M.B. 0187 Garki, Abuja - Nigeria. E-mail: psmd@cbn.gov.ng Website: www.cbn.gov.ng Phone: +234 700 225 5226, +234 800 225 5226 Ref: PSM/DIR/PUB/LAB/017/005 May 17, 2024 CIRCULAR TO ALL COMMERCIAL, MERCHANT, NON-INTEREST AND PAYMENT SERVICE BANKS; OTHER FINANCIAL INSTITUTIONS, MOBILE MONEY OPERATORS AND PAYMENT SERVICE PROVIDERS. RE: CYBERCRIMES (PROHIBITION, PREVENTION, ETC) (AMENDMENT) ACT 2024 - IMPLEMENTATION GUIDANCE ON THE COLLECTION AND REMITTANCE OF THE NATIONAL CYBERSECURITY LEVY The Central Bank of Nigeria circular 6, 2024 dated May (Ref:
PSMD/DIR/PUB/LAB/017/004) on the above subject refers.
Further to this, please be advised that the above referenced circular is hereby withdrawn.
Please be guided accordingly.
HIBUZO A. EFOBI DIRECTOR, PAYMENTS SYSTEM MANAGEMENT DEPARTMENT HARUNA B. MUSTAFA DIRECTOR, FINANCIAL POLICY AND REGULATION DEPARTMENT