The Chief Whip of the Senate, Senator Ali Ndume, has commended President Bola Tinubu for suspending the 0.5% cybercrime levy that was earlier announced by the Central Bank of Nigeria, CBN.
He said the president's move does not come as a surprise, describing him as a"listening, responsive, and reactive person," who is concerned with the affairs of the citizens.Recall that the cybersecurity levy is to be deducted from all electronic bank transactions. But the policy was met with fierce criticism from Nigeria ns.
"When this administration came on board, the first issue that needed to be addressed was the issue of cybercrime. It is part of the purpose of government as outlined in section 14 of our constitution that the purpose of government is to ensure the security and welfare of the citizens. Ndume also called on Nigerians to also look at the law and come up with possible implementable suggestions that will help fight cybercrime in the country.
"So, I really want to commend the president for that. I also want to urge Nigerians to agree with this government that this cybercrime issue is one that its law needs to be critically upgraded. "Although, the CBN circular as I looked at it, section 44 clearly indicates the institutions or businesses that should bear the cost of the levy.
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