The House of Representatives has ordered the CBN to promptly suspend the enforcement of the cybercrime levy launched by the apex bank, in accordance with the stipulations of the cybercrime Act.
The House expressed concern that the circular issued by the central bank could be misunderstood by Nigerians, as it does not align with the principles outlined in section 44(2a) of the cybercrime Act regarding the recipients responsible for paying the levy.
In response to a pressing matter raised by Minority Leader Kingsley Chinda (PDP, Rivers) on behalf of all members, the House urged the Central Bank to promptly retract its previous circular regarding the levy’s enforcement and instead publish a new circular aligned with the Act’s provisions.
