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Tinubu Calls For Review Of Cybersecurity Levy, Prioritizes Citizen’s Economic Welfare
Tinubu Calls For Review Of Cybersecurity Levy, Prioritizes Citizen’s Economic WelfarePresident Bola Tinubu has urged the Central Bank of Nigeria (CBN) to halt the enforcement of the contentious cybersecurity levy policy and initiate a thorough review. the House of Representatives recently called on the CBN to rescind its directive instructing all financial institutions to begin imposing a 0.5 percent cybersecurity levy on electronic transactions nationwide.....KINDLY READ THE FULL STORY HERE▶
On May 6, 2024, the CBN issued a circular directing banks, mobile money operators, and payment service providers to enforce a new cybersecurity levy, in accordance with the Cybercrime (Prohibition, Prevention, etc) (Amendment) Act 2024.
However, sources familiar with Tinubu’s stance on the matter informed Punch that the President is opposed to further burdening citizens economically by introducing additional levies.
A high-ranking official in the presidency, who chose to remain anonymous, stated, “The President is attuned to the sentiments of Nigerians. He is reluctant to proceed with implementing a policy that exacerbates the people’s burden.
“Therefore, he has instructed the CBN to pause the implementation of that policy and conduct a comprehensive review. While I might have said he instructed the CBN, it’s not entirely accurate because the CBN operates independently. Nevertheless, he has urged the CBN to put it on hold and reassess the situation.”
Another presidential official pointed out that certain inconsistencies prompted the President to call for a review.
“If you examine the situation, the law predates the Tinubu administration. It was enacted in 2015 and signed by Goodluck Jonathan. Its implementation is only occurring now.
“You understand that he (Tinubu) was not present when that directive was issued. He is keen on avoiding any perception of insensitivity in his administration. Currently, the CBN has suspended the directive to banks to commence charging individuals. Thus, the President is sensitive. His objective is not to indiscriminately tax Nigerians. That is not his intention. Consequently, he has directed a review of the law,” the official elaborated.
Published by Caleb Alfred
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THE ULTIMATE SHOCKER: Amotekun Turns On Informant And Arrests Man Who Reported His Siblings’ Kidnapping!.
The Ondo State Security Network Agency, commonly known as Amotekun Corps, arrested a man who initially reported the kidnapping of his siblings after investigations revealed he was an accomplice in a staged, fake abduction plot.....KINDLY READ THE FULL STORY HERE▶
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Staged Kidnapping Exposure: Amotekun Commander Adetunji Adeleye revealed that the informant who rushed to report his siblings missing was actually part of the scheme, as operatives eventually discovered the supposed “victim” safe at home.
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Mass Arrests: The operation led to the apprehension of 53 total suspects for various crimes, including murder, kidnapping, cultism, rape, and theft.
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Illegal Immigrants Detained: In Owo, 21 suspected illegal immigrants lacking valid ECOWAS travel documents were arrested and marked for transfer to the Nigeria Immigration Service.
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Diesel Syndicate Dismantled: Operatives also successfully cracked down on a criminal syndicate stealing millions of naira worth of petroleum products from a construction and quarry site along Ondo Road in Akure.
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THE ULTIMATE POLITICAL ALARM: APC Drops A Massive Bombshell Accusing APGA Of Plotting To Confuse President Tinubu!.
The All Progressives Congress (APC) in Anambra State has criticized the All Progressives Grand Alliance (APGA), alleging that the ruling state party is misleading President Bola Tinubu into believing they are politically aligned while shutting the APC out of national activities. The accusation was made in an Awka statement released on Monday by state secretary Obi Okpala regarding preparations for First Lady Oluremi Tinubu’s scheduled Thursday visit.....KINDLY READ THE FULL STORY HERE▶
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Exclusion from Visit Arrangements: The APC expressed disappointment that its leadership and women’s structures were neither formally invited nor included in the planning for the First Lady’s empowerment visit, learning of it solely through announcements by Anambra’s First Lady, Dr. Nonye Soludo.
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Hollow Partnership Rhetoric: The party dismissed the narrative of “Progressives Are Working Together” as a mere media stunt used on national television to hoodwink the APC and deceive voters into supporting APGA candidates.
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Accusations of Demarketing: The APC claimed that APGA fails to promote President Tinubu’s achievements locally, arguing that their media communications actually demarket the president and the ruling national party.
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Rejection of the 25 Percent Narrative: Dismissing APGA’s political capability based on their background, the Anambra APC firmly rejected claims regarding a 25 percent vote narrative, maintaining that they are the true structure positioned to deliver votes for the president in the state.
Ahead of the 2027 general elections, the Independent National Electoral Commission (INEC) has cautioned political parties and candidates against the use of abusive or inflammatory language, noting that violators face severe fines and potential imprisonment. Speaking via the commission’s media channels, Adedayo Oketola outlined the strict legal provisions governing campaign conduct.....KINDLY READ THE FULL STORY HERE▶
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Legal Prohibitions: Citing the Electoral Act, INEC emphasized that campaigns must steer clear of slanderous slogans, base language, or rhetoric designed to incite religious, ethnic, or regional hostility and violence.
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Intimidation and Fear: The commission warned that threatening physical harm, economic reprisals, or creating an atmosphere of fear to suppress voter turnout constitutes punishable intimidation.
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Statutory Penalties: Offenders face strict financial and custodial consequences, with individual candidates risking a fine of up to ₦5,000,000 or a 12-month jail term upon conviction, while non-compliant political parties face an initial fine of ₦10,000,000 and ₦2,000,000 for subsequent offenses.
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Enforcement and Collaboration: While INEC maintains administrative powers to monitor compliance and issue queries, Oketola stressed the need for a collaborative effort involving security agencies, the media, and community leaders to ensure campaigns remain focused on policy ideas rather than conflict.
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