BREAKING: Tinubu Gets 48-Hour Ultimatum To Reverse CBN’s 0.5% Cybersecurity Levy, Details Emerge

  • SERAP has reacted angrily as the CBN directed deposit banks in the country to start charging 0.5% cybersecurity levy on transactions
  • In a terse statement on Tuesday, the non-governmental organisation issued a 48-hour notice to Bola Tinubu’s government urging him to withdraw the directive or face legal action
  • This notice by SERAP is hours after the CBN said that the implementation of the levy would start two weeks from the date of the circular

TheTalk.NG journalist Esther Odili has over two years of experience covering political parties and movements.

FCT, Abuja – On Tuesday, May 7, the Socio-Economic Rights and Accountability Project (SERAP) issued a warning to the federal government led by President Bola Ahmed Tinubu.

The non-governmental organisation directed the federal government to reverse the 0.5 percent cybersecurity levy imposed by the Central Bank of Nigeria (CBN) or face a legal action.

SERAP, in a post shared on its website on X, also threatened to take sue the government if it failed to reverse the levy within a 48-hour timeframe.

The non-governmental organisation stated this Tuesday via its Twitter handle, calling for the immediate reversal of what it regarded as levy ‘imposition’.

SERAP tweep @SERAPNigeria stated, “The Tinubu administration must immediately withdraw the grossly unlawful CBN directive to implement section 44 of the Cybercrime Act 2024, which imposes a 0.5% ‘cybersecurity levy’ on Nigerians.

“We’ll see in court if the directive is not withdrawn within 48 hours.”

Source: TheTalk.NG


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