By Deborah Hassan

365Daily – The House of Representatives has called for the  suspension of the implementation of the 0.5 per cent cybersecurity levy on all electronic transactions within the country.

This just as it directed the  Central Bank of Nigeria (CBN) to withdraw the circular directing all banks to commence charging of the 0.5 per cent cybersecurity levy.

The House made the decision on Thursday, May 9, 2024, while adopting the prayers of a motion on the urgent need to halt and modify the implementation of the cybersecurity levy sponsored by the Minority Leader, Hon. Kingsley Chinda.

According to the circular issued by the apex bank, all commercial, merchant, non-interest, and payment service banks, among others, are to begin implementation of the levy two weeks from Monday, May 6, 2024.