Monday 13 May 2024

Cybersecurity Levy Law Hurriedly Passed — Ndume Applauds Tinubu On Suspension

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 citizen.

 Ali Ndume

Ali Ndume

Senate Chief Whip, Ali Ndume, has applauded 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.

Ndume stated this while speaking in an interview with Arise Television.

Recall that the cybersecurity levy is to be deducted from all electronic bank transactions. But the policy was met with fierce criticism from Nigerians.

Speaking on the policy, Ndume said, “What the president did by calling for the suspension of the cybersecurity levy, is something I expected from him because I have known him for a very long time and I know him to be a listening, responsive and reactive person.

“So, I am not surprised that he immediately ordered that it should be suspended. Secondly, it is good that the President has acted and so we will go back to the drawing table to look at the act again.

“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(2) of our constitution that the purpose of government is to ensure the security and welfare of the citizens.

“Cybercrime is an important part of security and that is why the government was in a hurry to look at the enabling law that was signed in 2015 and then strengthen it and give more powers to the institutions charged with that responsibility to ensure efficiency and address the serious cybercrime ravaging the country and spoiling our reputation and name.”

The lawmaker, however, said the law was hurriedly passed, thereby leading to an oversight of some crucial details.

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.

“But I would have to say we were in a hurry and so we were not able to look at the nitty-gritty of the issue until the CBN made that announcement. Also, they didn’t look at it very well and you can see the reaction of Nigerians was not good.

“Of course, it is expected because, looking at the situation we have found ourselves, with a lot of burden on the common man and low-income earners, it is not the intent of the government to add another burden on the poor man or Nigerians in general.

“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.

“Also, I was looking at the law after the outcry by some Nigerians and discovered that honestly, there were some lapses here and there that needed to be addressed.

“For example, the levy should be 0.5% of the value of the electronic transaction but the law did not clearly state who is going to be responsible for it and that is why Nigerians are worried.

“Although, the CBN circular as I looked at it, section 44(2) clearly indicates the institutions or businesses that should bear the cost of the levy.

“There are and will always be issues when laws are made and that is why laws are amended from time to time. So, what I am expecting from you is to go back to the law, thank God the amendment is just six pages to critically look at it and come up with a suggestion of what is acceptable.

“The good thing is that we have all agreed that we have cybersecurity issues that are spoiling the country’s name


3.               CLICK HERE TO DOWNLOAD Tony Gists Entertainment application 


 4.                               CLICK HERE TO DOWNLOAD Nysc dating app

5.                              CLICK HERE TO DOWNLOAD TonyGists App 3


6.                      CLICK HERE TO DOWNLOAD Honest Web Solution

Subscribe to Tonygists by Email



👉 Follow Tonygists on Facebook







🔔 Subscribe to honest web solution on youtube:



Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist

Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world

Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists

Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists

Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose

Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions

Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists

© 2024 Tonygists | Portions are © 2024 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.

Share This Post Via

Related Posts

Next Post »

Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.

Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.