CBN Withdraws Cybersecurity Levy

The Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing them to implement a compulsory withdrawal of 0.05 per cent from every electronic transaction as cybersecurity levy. The controversial directive for collection of the levy had attracted nationwide condemnation when the central bank introduced…

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Court Jails Cosmetic Surgeon, Dr. Adepoju Over A Failed Plastic Surgery

A Federal High Court in Lagos has convicted and sentenced a medical doctor and founder of MedContour Services Ltd., Dr. Anuoluwapo Adepoju, to one year imprisonment over a failed plastic surgery.Justice Muhammad Liman, convicted the medical doctor, after analysing all the submissions of both the prosecution and the defence counsel.The judge however ordered the convicted…

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