2018-07-02 | BPS/DIR/GEN/CIR/05/008

Compliance with the Cybercrime (Prohibition, Prevention, etc.) Act 2015: Collection and Remittance of Levy for the National Cybersecurity Fund

The Central Bank of Nigeria directs mobile money operators and payment service providers to comply with the Cybercrime Act 2015 by collecting and remitting a 0.005 levy on electronic transactions with service charges. The levy, effective July 1, 2018, should be remitted monthly to the designated account at the Central Bank of Nigeria. Operators must remit the levy by the fifth business day of each subsequent month.

Nigeria

Central Bank of Nigeria

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