BREAKING: HOUSE OF 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.
BREAKING: REPS TO PROBE LAGOS-CALABAR COASTAL HIGHWAY PROCUREMENT PROCESS
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.
More Stories
I MIGHT NOT COACH AGAIN AFTER LIVERPOOL EXIT, SAYS JURGEN KLOPP
Jürgen Klopp said he may not return to management after ending his eight-and-a-half year reign as Liverpool manager, with the...
FORMER MINISTER, AJIBOLA AFONJA DIES AT 82
Prince Ajibola Afonja, a former minister of Labour and Productivity under Chief Enerst Sonekan's Interim National Government, has passed away....
‘I’M CLOSER TO LEAVING THAN STAYING’ GUARDIOLA ON CITY FUTURE
Pep Guardiola has hinted that next season could be his last as Manchester City manager. Guardiola led his team to...
CBN DIRECTS BANKS TO STOP IMPLEMENTATION OF CYBERSECURITY LEVY
By Ajape Sefiu A. On Monday, the Central Bank of Nigeria (CBN) directed all banks to stop the implementation of...
JUST IN: IRAN’S PRESIDENT RAISI, OTHERS CONFIRMED KILLED IN HELICOPTER CRASH
Iranian state TV has confirmed the deaths of President Ebrahim Raisi and his foreign minister Hossein Amir-Abdollahian in a helicopter...
LAGOS ARTIST JAILED SIX MONTHS OVER LOVE SCAM
Justice I.O. Ijelu of the Lagos State High Court, Ikeja, has sentenced one Roland Esin Mana, a Graphic Artist,...