Politics

Reverse cybersecurity levy or face legal action, SERAP warns FG

The Socio-Economic Rights and Accountability Project (SERAP) has given a 48-hour deadline to the Federal Government to reverse the 0.5 per cent cybersecurity levy imposed on Nigerians by Central Bank of Nigeria (CBN).

TRIBUNE ONLINE earlier reported that CBN had on Monday, May 6, ordered banks to charge the cybersecurity levy on Nigerians for online transactions two weeks from the date the directive was issued.

Reacting to the new development, SERAP in a social media post on Tuesday, threatened to sue the FG if the “grossly unlawful” directive by the CBN is not reversed.

“The Tinubu administration must immediately withdraw the grossly unlawful CBN directive to implement section 44 of the Cybercrime Act 2024, which imposes a 0.5% ‘cybersecurity levy’ on Nigerians. We’ll see in court if the directive is not withdrawn within 48 hours,’’ it wrote.

Israel Arogbonlo

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