Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Africa set to launch its own credit ratings agency

August 27, 2026

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria

August 27, 2026
Facebook X (Twitter) Instagram
Trending
  • Africa set to launch its own credit ratings agency
  • FG Launches $1bn Social Protection Programme For Vulnerable Nigerians
  • Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria
  • Meta to pay up $18 billion to settle children’s social media harm case, impose two-hour daily limit and block teen app usage at night
  • NBA Conference: NDDC Advocates Diversification of Niger Delta Economy
  • EFCC offers whistleblowers 5% reward to uncover stolen Nigerian assets abroad
  • NDDC Backs Tourism Initiative to Transform Bonny Kingdom
  • Israel Donates First Batch Of Ambulances, Medical Equipment To Nigeria
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Government»SERAP Gives Tinubu 48 Hours To Withdraw CBN Directive On Cybersecurity Levy
Government

SERAP Gives Tinubu 48 Hours To Withdraw CBN Directive On Cybersecurity Levy

VardiafricaBy VardiafricaMay 7, 2024Updated:May 7, 2024No Comments11 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Socio-Economic Rights and Accountability Project (SERAP), has urged President Bola Tinubu, to immediately direct the Central Bank of Nigeria (CBN), to withdraw the cybersecurity levy on Nigerians, saying it patently violates the provisions of the Nigerian Constitution 1999 [as amended], and the country’s international human rights obligations and commitments.

In a statement signed by SERAP’s Deputy Director, Kolawole Oluwadare, the organisation said the Tinubu administration must within 48 hours withdraw the patently arbitrary and unlawful CBN directive purportedly imposing cybersecurity levy on Nigerians.

SERAP also urged him, to stop Nuhu Ribadu and the office of the National Security Adviser (NSA), from implementing section 44 and other repressive provisions of the Cybercrimes Act 2024, as it flagrantly violates the provisions of the Nigerian Constitution and the African Charter on Human and Peoples’ Rights and International Covenant on Civil and Political Rights, to which Nigeria is a state party.

According to the statement, the group also asked that the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), to immediately prepare and present a bill to amend section 44, and other repressive provisions of the Cybercrimes Act 2024 to the National Assembly, so that those provisions can be brought in line with the Nigerian Constitution and the country’s international human rights obligations.

SERAP said, “Section 44(8) criminalising the non-payment of the cybersecurity levy by Nigerians is grossly unlawful and constitutional.

Our lawyer Ebun-Olu Adegboruwa, SAN, is already preparing the necessary court papers should the administration fail or neglect to act as recommended.

“The administration must urgently take concrete and effective measures to ensure the repeal of section 44 and other repressive provisions of the Cybercrimes Act 2024.

“If the unlawful CBN directive is not withdrawn and appropriate steps are not taken to amend the repressive provisions of the Cybercrimes Act within 48 hours, SERAP shall consider appropriate legal actions to compel the Tinubu administration to comply with our request in the public interest.

“Withdrawing the unlawful CBN directive and repealing the repressive provisions of the Cybercrimes Act 2024 will be entirely consistent with President Tinubu’s constitutional oath of office requires public officials to uphold the provisions of the constitution, and the rule of law and abstain from all improper acts.

“The repressive provisions of the Cybercrimes Act 2024 are clearly inconsistent and incompatible with the public trust and the overall objectives of the Constitution. A false oath lacks truth and justice. The oath statements require the oath takers to commit to uphold and defend the Constitution.

“Section 14(2)(b) of the Nigerian Constitution of 1999 [as amended] provides that, ‘the security and welfare of the people shall be the primary purpose of government,” the statement read in part.

The CBN yesterday, directed banks and other financial institutions, to implement a 0.5 per cent cybersecurity levy on electronic transfers based on section 44 44(2)(a) of the Cybercrimes Act 2024.

The 0.005 levy is equivalent to a half per cent of all electronic transactions value by the business specified in the second schedule of the Cybercrime Act 2024, the CBN had explained, adding that the money is to be remitted to the National Cybersecurity Fund (NCF), which would be administered by the Office of the National Security Adviser (ONSA)

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

EFCC offers whistleblowers 5% reward to uncover stolen Nigerian assets abroad

August 26, 2026

Tinubu charges LG chairmen to uphold fairness, inclusive governance

August 24, 2026

Leave A Reply Cancel Reply

Top Posts

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025497

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202551
Don't Miss
Africa
Africa By VardiafricaAugust 27, 20262 Mins Read3

Africa set to launch its own credit ratings agency

By VardiafricaAugust 27, 20263 Africa Updated:August 27, 202602 Mins Read

Africa is set to launch its own credit ratings agency next month, in a move…

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria

August 27, 2026

Meta to pay up $18 billion to settle children’s social media harm case, impose two-hour daily limit and block teen app usage at night

August 27, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: [email protected]
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

Africa set to launch its own credit ratings agency

August 27, 2026

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria

August 27, 2026
Most Popular

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025497

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Type above and press Enter to search. Press Esc to cancel.