BREAKING: HOUSE OF REPS HALTS IMPLEMENTATION OF CYBERSECURITY LEVY

BREAKING: HOUSE OF REPS HALTS IMPLICATION OF CYBERSECURITY LEVY

The House of Representatives has directed the Central Bank of Nigeria (CBN) to immediately halt the implementation of the cybercrime levy in compliance with the provisions of the cybercrime Act.

The House, on Thursday, said the circular by the CBN was prone to misinterpretation by Nigerians as it negates the spirit and letters of section 44(2a) of the cybercrime Act which specify those who are expected to pay the levy.

It adopted a motion of urgent public importance moved by Minority Leader, Kingsley Chinda (PDP, Rivers) on behalf of the entire lawmakers.

The House asked the Central Bank to immediately withdraw its earlier circular on the implementation of the levy and issue another circular in love with the provisions of the Act.

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 Stocks Exchange.

He explained that the circular from the CBN has raised apprehension across the country as it has given the impression that the levy is to be paid by Nigerians in an era when they are still battling with increase in price of petroleum products among others.

The lawmaker said further that the CBN circular has been subjected to several interpretations.

  • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

    Related Posts

    WEAK NAIRA, GOOD, MANY PEOPLE CAN’T TRAVEL AGAIN – TINUBU’S AIDE

    WEAK NAIRA, GOOD, MANY PEOPLE CAN’T TRAVEL AGAIN – TINUBU’S AIDE The Special Adviser to the President Bola Tinubu on Economic Matters, Tope Fasua, has said a weaker currency for the country was one of the best policies of the government. Tope Fasua said the country’s currency’s low performance in comparison to other currencies has focused the attention of businesses on sourcing local raw materials. In an interview with Arise TV on Monday night, Fasua noted that the current exchange rate has also stopped Nigerians from leaving the country for other countries. Fasua argued that Nigeria has more students in the United States and the United Kingdom than most developed countries, not because the country’s education was totally bad but because of wrong choices. He said the weak Naira was also addressing it. “I’m giving the advantage of making that currency weaker. Because now we’re focusing more on Naira and what Naira can do. We’re focusing more on what we can do ourselves. We’re focusing more on Nigerian raw materials. Many manufacturing companies have now started sourcing local raw materials rather than importing them. “A lot of people aren’t traveling as many times as they would before. That’s one of the things, especially the middle class. And our middle class were special people. I mean, we assumed that we could travel five, six times on business class every year. “How come Nigeria is the third or fourth country with the highest number of university students in the U.K. and the U.S. of all the countries in the world, we are rubbing shoulders with China with 1.4 or 1.5 billion people, we’re only 200 million people. That means that we’re putting so much money. It is not necessarily a failure of our education. It’s just aspiration. It’s aspiration,” he said. The President’s Economic Adviser stressed that it was wrong for critics to assume the country would grow to be like Western nations that have been developing for years. He emphasized that many Nigerians complaining of no work have decided not to work. According to him, the country has work for the citizens. “The fact that we are rubbing shoulders and expecting that our economy and society will be at par with even the people that gave us colonization, who have had maybe 2,000 years of documented history. That means we have been preposterous. We’ve been preposterous, you know, because we can’t, your child cannot try and be you today. He has to learn and grow. And it’s also a matter of time. “It’s good that the Naira has become weaker, but it has made us focus more. However, what we’re saying is that for those who are enterprising, for people who have work, who want to work, indeed, there’s work in this country. For those who want to work,” Fasua added.

    BOKO HARAM TERRORISTS BOMB NIGERIAN ARMY BASE IN BORNO ON CHRISTMAS EVE, INJURE MANY SOLDIERS

    BOKO HARAM TERRORISTS BOMB NIGERIAN ARMY BASE IN BORNO ON CHRISTMAS EVE, INJURE MANY SOLDIERS At least six soldiers have been confirmed injured after a drone strike by suspected terrorists on a military base in Borno State. SaharaReporters gathered that the terrorists attacked the Forward Operating Base in Wajiroko in the Damboa Local Government Area on Tuesday afternoon. A soldier who witnessed the incident said they heard what sounded like a jet followed by a huge explosion. He added that the terrorists had initially attacked the base shooting sporadically but were repelled by the troops. A military signal obtained by SaharaReporters confirmed the incident. The signal added that a gun truck belonging to the army was damaged after the terrorists used multiple drones to attack the base. It read, “AT ABOUT 231300A DEC 24, TERRS LAUNCHED ATTK USING MOR AND OTHER FIRE ARMS ON TPS AT FOB WAJIROKO IN DAMBOA LGA. TPS REPELLED THE ATTK, FORCING TERRS TO WDR IN DISARRAY. “SHORTLY AFTER, AT ABOUT 231323A DEC 24, FOB WAJIROKO CAME UNDER ANOTHER ATTK USING MULTIPLE ARMED DRONES CARRYING LOCALLY FABRICATED GREN. TPS OBSN UP TO 4 DIFF ARMED DRONES. *OWN CAS*. 5 X SLDRS SUSTAINED INJURIES. *OWN EQPT CAS*. 1 X GT DAMAGED. *BH/ISWAP CAS*. NIL. CAS RECVD FIRST AID, AWAITING EVAC TO 25 BDE FD AMB FOR FURTHER MED ATTN. “GEN SY SIT IS CALM BUT HIGHLY UNPREDICTABLE. TPS MORALE AND FIGHTING EFFICIENCY REMAIN SATISFACTORY. PSE ACK///“ Nigeria has been battling with the insurgents in the North East region for barely two decades now. The military has repeatedly claimed that the terrorists had been largely defeated and frequently underplays any losses. The terror group has caused over 100,000 deaths and displaced millions of individuals mainly in Adamawa, Borno, and Yobe states.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    WEAK NAIRA, GOOD, MANY PEOPLE CAN’T TRAVEL AGAIN – TINUBU’S AIDE

    • By Dons Eze
    • December 26, 2024
    • 27 views

    POPE OPENS HOLY DOORS TO KICK OFF SPECIAL JUBILEE YEAR BY GOD

    • By Dons Eze
    • December 26, 2024
    • 21 views

    BOKO HARAM TERRORISTS BOMB NIGERIAN ARMY BASE IN BORNO ON CHRISTMAS EVE, INJURE MANY SOLDIERS

    • By Dons Eze
    • December 26, 2024
    • 50 views

    WIVES OF FORMER AFRICAN PRESIDENTS LAMENT DISRESPECT, NEGLECT AFTER HUSBANDS’ TENURE

    • By Dons Eze
    • December 26, 2024
    • 36 views

    REDUCE FOOD PRICES, STRENGTH AGRICULTURE , CAN TELLS TINUBU

    • By Dons Eze
    • December 26, 2024
    • 17 views

    I WAS SACKED, NOT REMOVED – EX-WOMEN AFFAIRS MINISTER

    • By Dons Eze
    • December 26, 2024
    • 88 views