Top Stories
BREAKING: Reps halt implementation of cybersecurity levy
The House of Representatives on Thursday directed the Central Bank of Nigeria, CBN to halt the implementation of the cybercrime levy in compliance with the provisions of the cybercrime Act.
This followed the adoption of a motion of urgent public importance moved by Minority Leader Kingsley Chinda, PDP Rivers.
Chinda said section 44 (2a) of the Cybercrime Act listed those to pay the stipulated fees as GSM and telecom companies, Internet providers, Banks and other financial institutions, insurance companies and stock exchange.
The lawmaker explained that the circular from the CBN has raised apprehension across Nigeria, stressing that 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.
The House subsequently asked the apex bank to withdraw its earlier circular on implementing the levy immediately and issue another circular in line with the provisions of the Act.
- News4 hours ago
UK Home Office ‘To Deport Disabled Man To Nigeria’ After 38 Years In UK
- News4 hours ago
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 20th May 2024
- News4 hours ago
Hope Uzodinma’s Former Aide Of 15 Years Allegedly Arrested In Popular Hotel
- News4 hours ago
Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles – FG
- News1 hour ago
Fidelity Bank Renovates Nasarawa PHC Clinic, Donates Water Facility
- Business and Brands1 hour ago
Banks, experts, others explore Customer Service Experience at 3rd ACAMB Stakeholders Conference
- Politics4 hours ago
Iran’s president, foreign minister, 7 others killed in helicopter crash
- Top Stories2 hours ago
Olumuyiwa Adejobi: Bribe Is A Taboo For Me…I Don’t Collect It