The Socio-Economic Rights and Accountability Project has warned the Federal Government to reverse the 0.5 per cent cybersecurity levy imposed by the Central Bank of Nigeria.
SERAP also threatened to deal in legal action against the government if it failed to reverse the levy within a 48-hour timeframe.
It issued the threat via X.
SERAP tweet @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“We’ll see in court if the directive is not withdrawn within 48 hours.”
The Central Bank of Nigeria yesterday ordered banks operating in the country to start charging a cybersecurity levy on transactions.
A circular from the apex bank disclosed that the implementation of the levy would start two weeks from then
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