The House of Representatives on Thursday, May 9, directed the Central Bank of Nigeria (CBN) to immediately halt the implementation of the cybercrime levy introduced by the apex bank in compliance with the provisions of the cybercrime Act.
The House said the apex bank’s circular was prone to misinterpretation by Nigerians as it negates the spirit and letters of section 44(2a) of the Cybercrime Act, which specifies who is 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 its earlier circular on the implementation of the levy and issue another circular in accordance with the provisions of the Act.
Chinda said section 44(2a) of the Cybercrime Act listed those who must pay the stipulated fees as GSM and telecom companies, Internet providers, Banks and other financial institutions, insurance companies, and Stock Exchanges.
He explained that the circular from the CBN has raised apprehension across the country as it has given the impression that the levy is to be paid by Nigerians in an era when they are still battling with an increase in the price of petroleum products among others.
He said further that the CBN circular has been subjected to several interpretations.
Source: TheTalk.NG
“Tinubu is Conceptually Correct”: Agbakola Speaks on Fuel Crisis, Knocks NNPC LimitedPresident Bola Tinubu has again been commended for his economic policies so far amid the rising cost of oil price in Nigeria Olisa Agbakoba, a senior advocate of Nigeria and former NBA president said the president is on the right track, but politicians are frustrating his efforts Agbakoba adds that the market should be allowed ...
Read more Continue reading here ▶ 2027: Rhodes-Vivour, LP Under Fire as Ex-Lawmaker Defends Kalu on Comment APC Will Win AbiaChijioke Chukwu has defended Benjamin Kalu, Deputy Speaker of the House of Reps, over his comment on the APC winning the next governorship election in Abia state The former minority leader of Abia state House of Assembly compared Kalu’s statement to a similar one made by Labour Party’s Gbadebo Rhodes-Vivour, who said his party will ...
Read more Continue reading here ▶ “Ngelale Just Get Tired”: Mixed Reactions as Tinubu Official Spokesperson Steps AsideNigerians have expressed mixed reactions to the resignation of Ajuri Ngelale, the official spokesperson and special adviser on media and publicity, Ajuri Ngelale. On Saturday, September 7, Ngelale resigned from his positions as special adviser, special presidential envoy on climate change, and chairman of the presidential steering committee on Project Evergreen due to a worsening ...
Read more Continue reading here ▶ APC Vs LP: How Rhodes-Vivour’s Comment about Taking Over Lagos in 2027 Vindicated Kalu, Group SpeaksThe Democratic Vanguard of Nigeria has defended Deputy Speaker Benjamin Okezie Kalu after Labour Party’s Gbadebo Rhodes-Vivour stated that his party would “take over” Lagos state in 2027 The group called on Labour Party leaders, including Rep Obi Aguocha, to apologise to Kalu for their criticism of his advice to Abia state governor Alex Otti ...
Read more Continue reading here ▶ Just In: Anxiety as Nigerian Governor Sacks 17 LG Chairmen, Gives ReasonPlateau state governor Caleb Mutfwang has sacked all the 17 local government transition implementation committee chairmen in the state The governor directed the council’s Director of Personnel Management (DPMs) to take charge of the affairs of the council until the local government election held on October 9 Mutfwang’s action came weeks after the Supreme Court ...
Read more Continue reading here ▶