News
SEE Five levies Nigerians pay for electronic transactions
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By Kayode Sanni-Arewa
The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions.
A circular from the apex bank on Monday disclosed that the levy implementation would start two weeks from today.
The circular was directed to all commercial, merchant, non-interest, and payment service banks, among others.
The circular revealed that it was a follow-up on an earlier letter dated June 25, 2018 (Ref: BPS/DIR/GEN/CIR/05/008) and October 5, 2018 (Ref: BSD/DIR/GEN/LAB/11/023), respectively, on compliance with the Cybercrimes (Prohibition, Prevention, Etc.) Act 2015.
However, the apex bank exempted loan disbursements and repayments, salary payments, intra-account transfers within the same bank or between different banks for the same customer, and intra-bank transfers between customers of the same bank from the levy.
Also exempted from the levy were inter-branch transfers within a bank, cheque clearing and settlements, Letters of Credits, and Banks’ recapitalisation-related funding only bulk funds movement from collection accounts, savings, and deposits including transactions involving long-term investments, among others.
Nigerians on social media are lamenting the new levy, which they complain has added to the multiple levies paid for electronic transactions. In this report, PUNCH Online highlights the five other transaction levies paid and the amount deducted on transactions between N1,000 and N1,000,000.
1. Cybersecurity levy
N5 is charged on the transaction of N1,000
N50 is charged on the transaction of N10,000
N500 is charged on the transaction of N100,000
N5,000 is charged on the transaction of N1,000,000
2. Transfer fee
N50,000 is charged on the transaction of N10,000,000
N10 is being charged on the transaction below N5,000
N25 is being charged on the transaction between 5,001 and N50,000
N50 is being charged on transactions above N50,000
3. Stamp duties
N50 is being charged on transactions between N10,000 and N10,000,000
4. Short Messaging Service (SMS)
N4 is being charged on each electronic transfer notification
ame.
5. Value Added Tax
N0.75 is being charged on N10 transfer fee
N1.875 is being charged on the N25 transfer fee
N3.75 is being charged on N50 transfer fee.
News
Just in: Police restore Obasa’s security details, withdraw Meranda’s as ex-Lagos speaker set for return
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By Kayode Sanni-Arewa
Mudashiru Ajayi Obasa who was impeached as speaker of the Lagos House of Assembly on January 13, 2025, is set to return.
Daily Trust understands that his security details have been restored just as those of Hon. Mojisola Lasbat Meranda, have been withdrawn.
Meranda was Obasa’s deputy before the impeachment. After his removal, the house unanimously elected Meranda, making her the first female to occupy the position in the history of the state.
Though she’s yet to officially resign as the Speaker of the House, her fate was reportedly sealed over the weekend by key All Progressives Congress (APC) leaders who intervened in the crisis rocking the House of Assembly.
Former National Chairman of APC, Chief Bisi Akande, former Governor of Osun State, Chief Olusegun Osoba, former Commissioner for Justice, Dr. Muiz Banire and members of the Governance Advisory Council (GAC) and some of the lawmakers had met over the weekend to find a resolution to the crisis.
It was at the meeting that the fate of Meranda was sealed as she was reportedly asked to vacate her seat.
There are indications that Obasa might return as the Speaker as following the resolutions reached by the leaders which largely favoured Obasa’s return.
“In truth, what they said was that Obasa’s removal was illegal and the lawmakers were directed at the meeting to go and return him,” sources familiar with the matter had said.
It was not clear yet when the House would reconvene to effect the expected changes.
Meranda had adjourned plenary indefinitely two weeks ago when there was commotion in the assembly as a result of invasion by operatives of the Department of State Services (DSS).
News
Canada deports more people, particularly those rejected for refugee status
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By Kayode Sanni-Arewa
Canada deported more people last year to hit its highest annual level of removals in about a decade, overwhelmingly deporting people whose refugee claims were rejected, data obtained by Reuters showed.
By late November, Canada’s removal numbers had reached their highest point since at least 2015, when the governing Liberals led by Prime Minister Justin Trudeau came to power
The government has also budgeted more money for deportations this year.
Trudeau’s government, now in its final days, has sought to show Canadians it is getting tough on immigration amid a rising backlog of refugee claims and a backlash against immigrants over concerns that immigration is exacerbating a housing shortage.
Canada’s border agency said the spike in deportations is tied to a “significant increase” in the number of people applying for asylum since 2020, prompting it “to enforce removal orders in a more efficient and timely manner.”
Reuters requested border agency data on deportations, excluding people who left of their own accord and those sent back to the United States as part of a bilateral agreement under which would-be asylum-seekers are turned back.
The remaining total shows Canada deported 7,300 people between January 1 and November 19, 2024, an 8.4% increase over all of 2023 and a 95% increase over 2022.
The border agency did not provide equivalent figures for all of 2024. This week, it posted data online from 2019 to 2024 that do not break down deportations excluding returns to the US under that bilateral agreement. This data also showed an increase in the number of deportations.
About 79% of the 7,300 people deported in the first 11 months of last year were deported because their claim for refugee status had been rejected. That is up from about 75% in 2023 and 66% in 2022.
About 11% of the people deported last year through November 19 were removed for non-compliance with the conditions of their stay in Canada unrelated to a refugee claim, for example, for overstaying a visa. About 7% were deported because they had committed a crime either in Canada or elsewhere.
A spokesperson for Public Safety Minister David McGuinty did not immediately respond to questions about the deportations.
A spokesperson for the border agency said in an email that removal numbers fluctuate.
“The number of removals of those who received a negative asylum determination have increased each year since emerging from the pandemic,” wrote the spokesperson, Luke Reimer.
“These efforts are essential in maintaining the integrity of Canada’s asylum system.”
Canada has been dealing with record numbers of refugee claims, although the monthly totals dropped to 11,838 in January from 19,821 in July. There were 278,457 claims pending as of last month – the highest pending total in decades.
A campaign flag for US President Donald Trump flutters from a private residence between the Canada and US border in Mooers Forks, New York, US, Feb 4, 2025. REUTERS/Brian Snyder
MORE MONEY FOR DEPORTATIONS
One concern with these removals, especially those targeting failed refugee claimants, is that people can be deported while still appealing decisions about the risk they face if returned to their home countries, said Aisling Bondy, president of the Canadian Association of Refugee Lawyers.
“They could be removed even if there is significant error in the risk determination,” she said, worrying people are being deported to places they will face persecution.
Reimer said in an email that the agency “only actions a removal order once all legal avenues of recourse that can stay a removal have been exhausted.”
The rise in refugee claimant deportations speaks to the government’s priorities, including a tough stance on migration, said University of Toronto law professor and Human Rights Chair Audrey Macklin.
“You can decide that you want to make a show of how many people you are deporting to show that you are effective at policing the border,” Macklin said. “Then you go with people who are easier to find and remove, and those are going to be, often, refugee claimants.”
he prospect of deportation could also deter would-be refugee claimants, she said.
Canada is on track to deport even more people in the coming years: Late last year, the government pledged C$30.5 million ($21.3 million) over three years to increase deportations.
Canada Border Services Agency spent C$65.8 million on removals in 2023-24, up from C$56 million the year before.
At the same time, Canada has pledged C$1.3 billion toward border security to appease US President Donald Trump as he threatens sweeping tariffs on Canadian imports.
The ranks of those eligible for deportation could grow.
Canada is slashing temporary and permanent immigrant numbers and part of its plan relies on more than 1.2 million temporary residents, including workers and students, leaving the country next year, and another 1.1 million leaving the following year, according to government figures.
Immigration Minister Marc Miller has said Canada will deport people who do not leave on their own.
“It is people’s choice not to leave, and if they don’t, they face the consequences – including, after due process, deportation,” he told Reuters last year.
News
UNIVERSITY OF BUCKINGHAM (UOB) INTERNATIONAL DIPLOMA OF EDUCATION (IDE)
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By Kayode Sanni-Arewa
Obio/Akpor Federal Constituency in partnership with The University of Buckingham will be sponsoring 150 classroom teachers in Obio/Akpor Federal Constituency for the University of Buckingham (UoB) International Diploma of Education (iDE) January cohort of the 2025-2026 session.
Powered by: Rep. O. K. Chinda
Interested primary and secondary school teachers residing in Obio/Akpor Federal Constituency are expected to fill out the form below for the constituency selection process.
Form: https://forms.gle/rbjWgMk8oBRwqxgf7
For enquiries: Call or WhatsApp Marvin Chinda on:- +2348068581032
The minimum academic requirement is an O’level / WASSCE with 5 credits (Inclusive of Mathematics and English) and currently a classroom teacher.
Kenneth George-Oparati
(Administrator),
Obio/Akpor Federal Constituency Office
Port Harcourt, Rivers State
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