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The of Nigeria (CBN) will begin the implementation of an amended 2015 Cybersecurity Act that will levy a 0.5% fee on all electronic transactions on May 20, an increase of 900% from an earlier levy of 0.005%. This implies that any electronic transfer of ₦1,000 will attract a ₦5 fee while a ₦100,000 transfer will […]
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A cybersecurity specialist, Chidiebere Ihediwa, has urged the Economic and Financial Crimes Commission (EFCC) to consider reforming educated online fraudsters, commonly known as “Yahoo Boys,” into becoming information technology experts. He noted that it will be more beneficial than letting them languish in detention or undergo destructive dissolution. Ihediwa, a distinguished software developer, made the […]
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