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0.005%: CBN To Reintroduce Cybersecurity Levy On Electronic Transactions - Business (2) - Nairaland 4qz38

0.005%: CBN To Reintroduce Cybersecurity Levy On Electronic Transactions (14141 Views)

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AmalaAtiEwedu: 9:42am On Sep 19, 2024
cool
long live tinubu cool
anything to move nigeria forward cool
Elineska: 9:43am On Sep 19, 2024
A country
Artscollection: 9:43am On Sep 19, 2024
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!

This one never make transfer of more than 10k in his life so what does he know

5 Likes

Zetty177x: 9:44am On Sep 19, 2024
Tinubu should resign already. We are not who will give him money
ajepako(f): 9:44am On Sep 19, 2024
We go hear am for T-Pain hand!

2 Likes

Olichoke: 9:44am On Sep 19, 2024
Another tax?

1 Like

Ibehchizzy: 9:45am On Sep 19, 2024
Tax rooonus till they have no single pint of blood left in them

3 Likes

anonimi: 9:45am On Sep 19, 2024
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.

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

3 Likes 2 Shares

Lazy9jaYouth: 9:46am On Sep 19, 2024
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!

How do you want your cold trophy? with Cat fish pepper soup or Assorted meat pepper soup?

2 Likes

Brushstrokes20: 9:46am On Sep 19, 2024
eBOLA and his notorious gang of insatiable THIEVES are all shades of nuisance 💯💯

1 Like

MichaelSokoto(m): 9:46am On Sep 19, 2024
cool

1 Like 1 Share

Softmirror: 9:47am On Sep 19, 2024
AmalaAtiEwedu:
cool
long live tinubu cool
anything to move nigeria forward cool

That is an efficient way of generating money from tax. Very efficient.
sirchim(m): 9:47am On Sep 19, 2024
NwaNimo1:
Lagos formula?

you don start abi? grin
michoim(m): 9:47am On Sep 19, 2024
That's it. They will be increasing it gradually. There heart's are ded set on destroying the country

1 Like

AmalaAtiEwedu: 9:48am On Sep 19, 2024
Softmirror:


That is an efficient way of generating money from tax. Very efficient.
Yes.. very cool
Coronavirus1: 9:48am On Sep 19, 2024
This is what Lagos is facing since 24 years it has reached federal level.
RodgersAkpafu: 9:48am On Sep 19, 2024
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!

unserious fellow lol

1 Like

ayolayo0405(m): 9:48am On Sep 19, 2024
Multiply the 5 kobo per person with the number of persons that engage online transactions per day and tell me the millions if not billions per day..... The issue is not about the money but how much FG is getting.
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!

1 Like

Timoleon(m): 9:49am On Sep 19, 2024
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!

Bro connect me. How much Dem dey pay una?

7 Likes 2 Shares

Softmirror: 9:50am On Sep 19, 2024
AmalaAtiEwedu:

Yes.. very cool

The government have changed there strategy since. The now focus of tax collections that is well coordinated which goes straight to the government purse.
onatisi(m): 9:50am On Sep 19, 2024
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!

it is good but it is a game, the first part of the game is to get Nigerians to accept the idea and see it as nothing, the reason for the low rate, i am very sure many won't even talk about it , but once they get people to accept it , believe me the next will be constant increment .

4 Likes

Timoleon(m): 9:52am On Sep 19, 2024
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

Have dey been charging differently on transfers for people in Lagos?
Obviouslyblunt: 9:52am On Sep 19, 2024
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
it is 5kobo today it will be 500 naira tomorrow.

2 Likes

CSTRR: 9:53am On Sep 19, 2024
In 2027, if una like, don't come out and vote out tinubu.
Marc3500: 9:53am On Sep 19, 2024
This ppl continue to ruin us
Confirm4real(m): 9:53am On Sep 19, 2024
After 8 solid years we go know how many agbadorians go still stand on his mandate cheesy
ngwababe(f): 9:53am On Sep 19, 2024
".....the apex bank is yet to announce.....", na lie, we all know the deduction don start tey tey.

Minimum wage is yet to be implemented, but deductions go don start.

1 Like

lapintoz: 9:55am On Sep 19, 2024
Thanks bro for the analysis. The highest I will pay for a N2 billion transaction is N100k. And my margin on a N2 billion deal is N20 million.

I can only be an obi...idiot to complain.

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!
vizboy(m): 9:57am On Sep 19, 2024
Tax Collector

1 Like

cjudy(m): 9:57am On Sep 19, 2024
Them don cripple protesters so they’re free to re-introduce all their dubious taxes and levies

1 Like

Sambab(m): 10:01am On Sep 19, 2024
Don't you know that it would be increase to 0.5 anytime if Nigerians accept it

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!

1 Like

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