Breaking: House Of Reps Disagrees With FG On Those Eligible For Cyber Crimes  Levy, Stops Implementation

The House of Representatives has stipulated those eligible to pay the Cybersecurity levy as demanded by the federal government, and has directed the Central Bank of Nigeria  (CBN) to immediately halt the implementation.

According  to Tajudeen Abbas-led House, on Thursday, the circular by the CBN was prone to misinterpretation by Nigerians as it negates the spirit and letters of section 44 (2a) of the cybercrime Act which specify those who are expected to pay the 
In this regard, a motion of urgent public importance moved by Minority Leader, Kingsley Chinda (PDP, Rivers) on behalf of the entire lawmakers was adopted. 
 The apex bank was asked by the house to immediately withdraw its earlier circular on the implementation of the levy and issue another circular in love with the provisions of the Act.
According to Chinda, the section 44(2a) of the cybercrime act listed those to pay the stipulated fees as GSM and telecom companies, Internet providers, Banks and other financial institutions, insurance companies and Stocks Exchange.
He went ahead to  explained that the circular from the CBN has raised apprehension across the country as it has given the impression that the levy is to be paid by Nigerians in an era when they are still battling with increase in price of petroleum products among others.
And urther  he added that the CBN circular has been subjected to several interpretations.