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The Central Bank of Nigeria, CBN, has asked all banks in Nigeria to collect and remit a 0.5 per cent cyber security levy to the office of the National Security Adviser. The apex bank disclosed this on Monday in a notice by its directors, Chibuzor Efobi and Haruna Mustafa of Payment System Management and Financial Policy and Regulation Departments. The bank stated that the deduction and collection of the cyber security levy was sequel to the enactment of the 2024 Cybercrime (prohibition, prevention, etc.) Amendment Act of 2024. The Act provides for a 0.5 per cent deduction of the value of all e…

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