CBN Orders Implementation of 0.5% Levy on Electronic Transactions to Tackle Cybercrime Funds to be remitted to National Cybersecurity Fund administered by Office of NSA Loan disbursements, repayments, salary payments, intra-account transfers within same bank, others exempted
James Emejo in Abuja and Nume Ekeghe in Lagos
The Central Bank of Nigeria (CBN) yesterday ordered the implementation of 0.5 per cent levy on all electronic
transactions value as part of efforts to contain the rising threats of cybercrime in the financial system.
The implementation followed the enactment of the Cybercrime (Prohibition, Prevention, etc) (amend-
ment) Act 2024 and pursuant to the provision of Section 44 (2)(a) of the Act, which provided for the rate
deduction.
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Former VP Raises Questions over Tinubu’s Whereabouts, Says Nigeria on Autopilot, Shettima Returns to Abuja... Page 28
Fubara: Rivers Assembly Members No Longer Exist as Lawmakers in Eyes of Law Declares peace deal not constitutional, but soft-landing for legislators Says he’s shown restraint despite having all instruments of state power
Blessing Ibunge in Port Harcourt
Rivers State Governor, Mr Siminalayi
Fubara, has slammed members of the state House of Assembly, led by Hon. Martin Amaewhule, saying
the 27 lawmakers no longer exist as legislators in the eyes of the law. Fubara explained that in seeking
peaceful resolution to the political crisis that erupted in the state last year, owing to disagreements with
his erstwhile political godfather, Nyesom Wike, he had attended several reconciliation meetings,
whose resolutions the other party Continued on page 10
Presidency: Atiku is Distorting Facts, Seyi Tinubu Has Right to Do Legitimate Business Says foreign investment in stock market now N93.37bn Knocks ex-VP for alleged bitter politics
Olawale Ajimotokan in Abuja The presidency, yesterday, rebuked former Vice President, Alhaji Atiku Abubakar, for attacking President Bola Tinubu and his son, Seyi, over allegations that their business affiliations with the Chagoury Group constituted a conflict of interest. Special Adviser to the president on Information and Strategy, Mr Bayo Onanuga, who gave the response in a statement, said Atiku had a penchant for packaging fallacy as truth for the public. Onanuga alleged that the Peoples Democratic Party (PDP) presidential candidate in the 2023 general election made wild claims on a number of issues that needed to be corrected. He said, contrary to Atiku’s claims that the president’s manners and private interests were hindering foreign investors’ confidence in the Nigerian economy, the administration boasted ample foreign investment attraction, and foreign investment in the country’s stock market grew Continued on page 10
Mrs Tinubu Receives First Female Army Sandhurst Graduate...
L-R: Wife of the Chief of Defence Staff and President, Defence and Police Officers Wives Association, DEPOWA, Mrs Oghogho Musa; Wife of the Vice President, Hajia Nana Shettima; First Lady of Nigeria, Senator Oluremi Tinubu; the celebrant, 2nd Lt Princess Oluchukwu Owowoh; Wife of the Speaker, House of Representatives, Hajia Fatima Tajudeen Abbas; and Wife of the Chief of Army Staff and President, Nigerian Army Officers Wives Association, NAOWA, Mrs. Mariam Lagbaja at the presentation of Owowoh to PHOTO: GODWIN OMOIGUI the First Lady after her commissioning and graduation from Royal Military Academy, Sandhurst, UK at the State House, Abuja... yesterday