Connect with us

Politics

Civil society organizations sue Nigerian’s central bank over new cybersecurity levy

Published

on

The Socio-Economic Rights and Accountability Project, a non-profit organization, BudgIT, and 136 concerned Nigerians have sued the Central Bank of Nigeria “over its failure” to rescind the recently announced controversial cybersecurity levy.

In what was described as an “unlawful circular,” the plaintiffs in the suit number FHC/L/CS/822/2024 filed last Friday at the Federal High Court, Lagos State,  asked the court to determine “whether the CBN circular dated 6th May 2024, directing financial institutions to deduct from customers’ accounts a cybersecurity levy is unlawful and therefore ultra vires the CBN.”

SERAP’s Deputy Director, Kolawole Oluwadare, revealed the lawsuit in a statement on Sunday following the apex bank’s circular last Monday, ordering all commercial, merchant, non-interest, and payment service banks in the country to charge a cybersecurity levy on transactions.

“The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount shall be reflected in the customer’s account with the narration, ‘Cybersecurity Levy.” the circular stated.

The announcement of the levy has been greeted with widespread condemnation, leading to President Bola Tinubu asking the CBN to suspend the implementation of the controversial cybersecurity levy policy and order a review; however, the plaintiffs asked the court to determine whether the apex bank’s directive “is not in breach of sections 14(2), 44(1), and 162(1) of the Nigerian Constitution 1999 [as amended], and thus unconstitutional, null, and void.”

They insisted that the “CBN, its office, agents, privies, assigns, or any other persons acting on its instructions from enforcing the circular dated 6th May 2024, pending the hearing and determination of the motion on notice filed contemporaneously in this suit,” be restrained.

The plaintiffs’ lawyer, Ebun-Olu Adegboruwa, SAN, filed the complaint, which stated, in part, that “the CBN circular is unlawful and an outright violation of the provisions of the Nigerian Constitution and the country’s international obligations.”

“Unless the reliefs sought are granted, the CBN will enforce its circular directing banks to deduct from customers’ accounts a cybersecurity levy. Millions of Nigerians with active bank accounts would suffer irreparable damage from the unlawful deduction of cybersecurity levies from their accounts.

“The provisions of the Cybercrimes Act on payment of cybersecurity levy strictly apply only to businesses listed in the Second Schedule to the Act. These provisions do not refer bank customers, contrary to the CBN circular to all banks and other financial institutions.”

Meanwhile, Nigeria’s Vice President, Kashim Shettima, on Saturday allayed fears of citizens over the tax reforms being implemented by the current administration, stressing that the tax reforms are targeted at revitalizing the country’s economy and not to frustrate and impoverish Nigerians.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

Ghana’s Supreme Court reinstates ruling party’s majority

Published

on

The ruling New Patriotic Party regained its majority in the legislature ahead of the Dec. 7 election after Ghana’s Supreme Court declared on Tuesday that the speaker of parliament’s declaration of four seats as vacant was illegal.

 

Alexander Afenyo-Markin, the leader of the NPP caucus, petitioned the supreme court of the West African nation to reverse Speaker Alban Bagbin’s decision.

 

Bagbin had said that one member of the National Democratic Congress and two members of the NPP had resigned their seats when they registered to run as independents.

 

Another lawmaker with an NPP leaning filed as an NPP candidate to run for office.

 

Due to Bagbin’s decision, the NDC now holds 136 members in parliament, compared to the 135 held by the NPP, the party of outgoing President Nana Akufo-Addo.

 

The approval of Supreme Court nominees, loans, and bill enactments, as well as the presentation of a provisional budget for the first quarter of 2025, were all delayed by the indefinite postponement of two further parliamentary sessions.

 

In a televised decision, Chief Justice Gertrude Torkornoo declared that Afenyo-Markin’s appeal was successful by a majority vote of 5:2. She noted that the court will later submit the rationale for its ruling.

 

According to Afenyo-Markin, the decision permitted the parliament to return to its regular activities. Among other things, it is anticipated to approve a $250 million World Bank loan intended to support the financial industry and give corporations tax breaks.

 

 

A request for comment from Bagbin’s representative was not answered.

 

Although some observers predict a hotly contested election, opinion surveys suggest that primary opposition leader John Dramani Mahama will likely defeat NPP contender and incumbent Vice President Muhamudu Bawumia in next month’s election.

Continue Reading

Politics

Senegal: PM Sonko urges followers to avenge campaign violence

Published

on

Senegal’s Prime Minister, Ousmane Sonko, has advised Pastef party followers to exact retribution for claimed violence against them during the Sunday parliamentary election campaign.

 

Before a presidential election in March in some of the greatest disturbances in Senegal’s history, supporters of the prime minister, also president of Pastef, battled with police. Since Sonko’s ally, President Bassirou Diomaye Faye, won the vote, the nation has remained peaceful. He defeated then-president Macky Sall handily.

 

 

However, reports of periodic conflicts between various party supporters have surfaced recently as the nation gets ready for a legislative contest that will finally determine how much Faye and Sonko will be able to carry out their agenda.

 

Sonko claimed in a social media post attacks against Pastef supporters in the capital Dakar and other towns since campaigning began.

 

 

“May each patriot they have attacked and injured, be proportionally avenged. We will exercise our legitimate right to respond,” he wrote.

The text accompanied a photo of a young man showing a gashing wound on his forearm.

 

The first week of campaigning saw an increase in violence reported by a local civil society group involving conflicts between supporters in central Senegal and the burning of an opposition party headquarters in Dakar.

 

Calling for calm, the interior ministry said on Monday it had been notified of acts of violence and sabotage against party caravans and other campaign activity.

 

In order to stop damage, rights defender Alioune Tine asked politicians to exhibit “moderation and wisdom” in their speech and requested the interior ministry to invite various party representatives to meet.

 

 

“The verbal escalation has reached a critical threshold, we have the impression of going to war,” Tine posted on X.

 

 

Pastef is up against former ruling parties that have united ex-presidents Sall and Abdoulaye Wade into a coalition.

 

Dissolving the opposition-led national assembly in September, Faye accused legislators of not participating in substantive budget and other proposal debates.

Continue Reading

EDITOR’S PICK

Metro3 hours ago

Nigeria has become a ‘failing state’ under Tinubu— Ex-President Obasanjo

YFormer Nigerian President, Olusegun Obasanjo, has described the country under incumbent President Bola Tinubu as a “failing state” which is...

Culture5 hours ago

Chidimma Adetshina makes history as she emerges first runner-up for Miss Universe 2024

Chidimma Adetshina, Nigeria’s representative at the 73rd Miss Universe Competition held in Mexico, made history as she finished as the...

Metro24 hours ago

Again, Zambian court denies bail to ex-defence minister on medical grounds

A Zambian High Court has, again, denied bail to detained former Defence Minister, Geoffrey Bwalya Mwamba, who is seeking release...

Sports1 day ago

Ghanaians in tears as Black Stars fail to make AFCON 2025y

Ghanaians in tears as Black Stars fail to make AFCON 202 Football lovers in Ghana have been thrown into sadness...

Metro1 day ago

Tinubu’s reforms in Nigeria not working— IMF

The International Monetary Fund (IMF) says the various reforms carried out by Nigerian President, Bola Tinubu, are not working for...

Metro2 days ago

EU launches initiative to reintegrate over 417,661 out-of-school children in Nigeria

The European Union (EU) has launched an initiative to reintegrate over 417,661 out-of-school children in Nigeria, particularly in the northwestern...

Metro3 days ago

World Bank pledges $3b to support Zambia’s development goals

The World Bank Group has pledged to avail Zambia with approximately $3 billion to support the country’s development goals under...

Sports3 days ago

Kenyan marathon legend Kipchoge advises young athletes to prioritize success over money

Kenyan marathon legend, Eliud Kipchoge, has advised young athletes to place success ahead of quick money and riches. The former...

Culture3 days ago

Tyla set to drop new single ‘Tears’ on November 20

South African “Ampiona” crooner, Tyla, is set to thrill her fans to her new single titled, “Tears’, which is set...

Uncategorized3 days ago

1,172 Nigerians killed, over 1,000 kidnapped in nine months— NHRC

The National Human Rights Commission (NHRC) has put the figures of Nigerians killed and kidnapped by non-state actors from January...

Trending