The Nigeria Labour Congress (NLC) has rejected the 0.5 (0.005) percent Cybersecurity Levy on electronic transfers introduced by the Central Bank of Nigeria (CBN).
The CBN had in a memo directed banks and payment service operators to effect the deductions effective in two weeks.
In a statement issued on Tuesday by its President, Joe Ajaero, the NLC warned that the move aimed at bolstering cybersecurity measures would worsen the financial strain already faced by the citizens.
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