“It is unacceptable” Seyi Law tackles Tinubu over cybersecurity levy

"It is unacceptable" Seyi Law tackles Tinubu over cybersecurity levy
Seyi Law and Tinubu/The Nation

Comedian, Oluwaseyitan Aletile, better known as Seyi Law, has fumed over the 0.5 per cent cybersecurity levy recently introduced by the Central Bank of Nigeria, CBN.

On Monday, the Central Bank of Nigeria directed banks operating in the country to start charging a cybersecurity levy on transactions.

Reacting to the news, Seyi Law slammed government agencies for their silence on educating citizens and addressing misleading narratives before implementing policies.

He argued that imposing a 0.5% charge is excessively burdensome on Nigerians, especially given the prevailing economic challenges.

He tweeted,

“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.”

Seyi Law frowns at government for imposing 0.5% cybersecurity levy on all transactions

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