Watch The Motion That Led To The Suspension Of The Execution Of The Controversial Cybersecurity Levy

Reps ask CBN to halt implementation of 0.5% cybercrime levy
The House of Representatives has directed the Central Bank of Nigeria (CBN) to suspend the implementation of the controversial cybersecurity levy. The House said the circular by the apex bank was prone to misinterpretation by Nigerians as it negates the spirit and letters of section 44(2a) of the cybercrime Act which specify those who are expected to pay the levy. Adopting a motion of urgent public importance moved by Minority Leader, Kingsley Chinda (PDP, Rivers) on behalf of the entire members, the House asked the Central Bank to immediately withdraw it’s earlier circular on the implementation of the levy and issue another circular in love with the provisions of the Act.
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