House of Representatives don ask CBN make dem withdraw di 0.5% cybersecurity levy circular

May 10, 2024

Members of di House of Representatives don tell di Central Bank of Nigeria (CBN) make dem withdraw di circular wey dem give wey talk say make financial institutions start to implement di 0.5 per cent cybersecurity levy.

Di call for action happen during one session wen dem discuss one motion wey Honourable Kingsley Chinda present, wey dey urge make dem take urgent action to stop and modify how dem dey implement di cybersecurity levy.

Di motion talk about how di directive wey CBN give dey different from wetin di Cybersecurity Act talk, and dis make lawmakers wan make dem explain and correct am.

Members of di House talk say dem need one clear and easy-to-understand directive from CBN, and dem dey call on di apex bank make dem withdraw di first circular wey dem give and release one wey everybody go understand.

Honourable Chinda talk say e dey important make dem address di different ways wey people dey understand di CBN directive, because if dem no do am, e fit cause kasala with di Cybersecurity Act.

Dem express fear say if dem no take quick action to resolve dis matter, e fit affect how effective di cybersecurity framework go be.

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