SERAP made this known, Tuesday, in a statement on its
official X handle, to react to the Central bank of Nigeria (CBN) directives to
commercial banks and other financial institutions to start charging
cybersecurity levy.
BrandIconImage reported earlier that CBN on Monday ordered
banks to charge the cybersecurity levy on Nigerians for online transactions two
weeks from now.
The apex bank, however, exempted 16 listed banking
transactions from its new cybersecurity levy.
While making clarifications, the CBN said the levy would be
separately “reflected in the customer’s account” as “Cybersecurity Levy” and
“applied at the point of electronic transfer origination, then deducted and
remitted by the financial institution.”’
Reacting to the new development, SERAP threatened to sue the
FG if the “grossly unlawful” directive by the CBN is not reversed.
The statement read, “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 We’ll see in court if the directive is not withdrawn within 48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.’’
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