PRP kicks against CBN cybersecurity levy, says it’s heartless, ill-timed

The Peoples Redemption Party (PRP) has joined other Nigerians and organisations that have kicked against the directive of the Central Bank of Nigeria (CBN) to banks and other financial institutions in the country to deduct a 0.5 percent cybersecurity levy on electronic transfers.

It will be recalled that the apex bank in a Monday directive, gave the banks go ahead to make the deductions as dictated by the Cybersecurity Act, leading to widespread outcry by Nigerians.

The party, in a statement on Tuesday by its National Publicity Secretary, Muhammed Ishaq, described the directive from the CBN as heartless, ill-timed and insensitive.