Chairman, Senate Committee on Senate Committee on National Security and Intelligence, Senator Shehu Umar Buba, APC Bauchi South said the cybersecurity levy announced by the Central Bank of Nigeria was not targeted at individuals or ordinary bank customers.
He said, “The Act is very explicit about who is responsible for the payment, not Nigerian citizens or individuals. The relevant Section of the Cybercrime Act 2015 listed the businesses required to pay the levy: telecommunications companies, Internet Service Providers, Banks, Insurance Companies, the Nigerian Stock Exchange, and other Financial Institutions.
The Senator who reiterated that the passage of the amendment bill was a collaborative effort of various stakeholders, said, “The passage of the amendment bill was a collaborative effort involving the government, industry players, civil society;
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