NEWS

Reps Order CBN To Suspend Cybersecurity Levy

Furthermore, the Green Chamber assigned its Committees on Banking Regulations, and Banking and other Ancillary Institutions to provide proper guidance to the CBN.

By Musa Ibrahim

The House of Representatives instructed the Central Bank of Nigeria (CBN) to halt the planned enforcement of the 0.5% cybercrime levy on electronic transactions.

Additionally, the House urged the CBN to retract the unclear circular currently in circulation and issue a clear directive that aligns with the Cybercrimes (Amendment) Act of 2024.

Furthermore, the Green Chamber assigned its Committees on Banking Regulations, and Banking and other Ancillary Institutions to provide proper guidance to the CBN.

This followed the adoption of a motion of urgent public importance moved by the House Minority Leader, Kingsley Chinda (PDP Rivers), and 359 others.

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