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Cybercrime Act 2024, which imposes a 0.5% ‘cybersecurity levy’ on Nigerians.We’ll see in court if the directive is not withdrawn within 48 hours.
The Socio-Economic Rights body has issued a stern warning to the Federal Government of Nigeria, threatening to take legal action over the recently announced 0.5% cybersecurity levy on transactions. The organization, renowned for its advocacy of transparency, accountability, and human rights, argues that the levy imposition is unjustifiable and lacks proper legal backing.
In a statement released yesterday, SERAP condemned the government’s decision to impose the levy, stating that it could lead to increased financial burden on already struggling citizens and businesses. According to the organization, the levy imposes an additional cost on transactions without providing a clear rationale for its implementation.
SERAP highlighted the need for transparency and accountability in the government’s financial policies, emphasizing that any levy or tax imposition must be backed by law and serve the best interests of the citizens. The organization called on the government to reconsider its decision and engage in constructive dialogue with relevant stakeholders before implementing such measures.
Furthermore, SERAP announced its intention to challenge the legality of the cybersecurity levy in court if the government fails to address its concerns. The organization emphasized its commitment to upholding the rule of law and protecting the rights of Nigerians against arbitrary actions by the authorities.
The announcement comes amidst growing concerns among citizens and businesses regarding the economic implications of the cybersecurity levy. Many have voiced their opposition to the levy, citing its potential to stifle economic growth and exacerbate the financial challenges facing the country.
As the standoff between SERAP and the Federal Government intensifies, all eyes are now on how the government will respond to the organization’s ultimatum and whether it will reconsider its decision to impose the controversial levy.