Rule · CBN · 19 May 2024 · PSM/DIR/PUB/LAB/017/005

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 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.

NigeriaCentral Bank of Nigeria

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Further to this, please be advised that the above referenced circular is hereby withdrawn.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

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it

The links and the sentences they come from (1)

Supersedes

PSMD Circular No. 6 of 2024Not in RegAlert
“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.”