Nigerian comedian Seyi Law has taken to social media to condemn the 0.5% cybersecurity levy on transactions charge.
Top Society earlier reports that the Central Bank of Nigeria (CBN) in a circular to all commercial, merchant, non-interest and payment service banks, on Monday noted that the implementation of the levy would start from May 20.
The circular revealed that it was a follow-up on an earlier letter dated June 25, 2018 on compliance with the Cybercrimes Act 2015.
Reacting via his X account on Tuesday, Seyi Law, who is a staunch supporter of President Bola Tinubu, described the charge as “a punishment on Nigerian
He wrote:
“I hate when government agencies don’t speak up to the understanding of the citizens and allow wrong narratives to fester before tackling it. Cybersecurity level, according to the act, is 0.005%, and different figures from 0.5% to 3% are being thrown around.
“A 0.5% charge in the Nigeria of today is in itself too much punishment on Nigerians. Are we trying to discourage banking transactions again and encourage cash keeping? @cenbank should revisit this abeg.
“Stamp duty is something, and now this. It is unacceptable. @NGRPresident @officialABAT, let the poor breathe. When will the new minimum wage be announced and implemented? Some of your ministers need to look for another job. One year is here and we are counting.”
