Breaking
‘You’re More Interested In Milking A Dying Economy’ – Peter Obi tackles FG Over Cybersecurity Levy
The Labour Party (LP) presidential candidate for the 2023 election, Peter Obi, has criticized the Federal Government for the recent cybersecurity levy directive from the Central Bank of Nigeria (CBN).
The Labour Party (LP) presidential candidate for the 2023 election, Peter Obi, has criticized the Federal Government for the recent cybersecurity levy directive from the Central Bank of Nigeria (CBN).
‘You’re More Interested In Milking A Dying Economy’ – Peter Obi tackles FG Over Cybersecurity Levy
Afric Showbiz stated that the Central Bank of Nigeria (CBN) had instructed all financial institutions, such as commercial banks, merchant banks, non-interest banks, payment service banks, and mobile money operators, to apply a 0.5% cybersecurity levy on all electronic transactions.
The action aligns with the updated Cybercrime (Prohibition, Prevention, etc.) Act 2024. According to a circular, the directive mandates the levy’s application at the beginning of electronic transfers. The deducted sum will appear in the customer’s account as a “Cybersecurity Levy.” Peter Obi, in a statement using his X handle, criticized the introduction of the levy during a challenging economic period, suggesting that the government prioritizes exploiting a struggling economy over fostering its revival and development.
The ex-Governor of Anambra State highlighted that the Cybersecurity Levy contradicts the Government’s pledge to lower taxes and simplify the tax structure. Peter Obi further stated that measures like the Cybersecurity Levy push citizens into poverty and diminish the country’s economic competitiveness.
He said, “The introduction of yet another tax, in the form of Cybersecurity Levy, on Nigerians who are already suffering severe economic distress is further proof that the government is more interested in milking a dying economy instead of nurturing it to recovery and growth. This does not only amount to multiple taxation on banking transactions, which are already subject to various other taxes including stamp duties but negates the Government’s avowed commitment to reduce the number of taxes and streamline the tax system.
“The imposition of a Cybersecurity Levy on bank transactions is particularly sad given that the tax is on the trading capital of businesses and not on their profit hence will further erode whatever is left of their remaining capital, after the impact of the Naira devaluation and high inflation rate. It is inconceivable to expect the suffering citizens of Nigeria to separately fund all activities of the government.
“Policies such as this not only impoverish the citizens but make the country’s economic environment less competitive. At a time when the government should be reducing taxes to curb inflation, the government is instead introducing new taxes. And when did the office of the NSA become a revenue collecting centre? And why should that purely national security office receive returns on a specific tax as stated in the new cybersecurity law?”
Breaking
Fubara Warns New LGA Chairmen of Potential Attacks
Siminalayi Fubara, Governor of Rivers State, has alleged plans to mobilize 20 people per unit to attack the newly sworn-in local government Chairmen in the state.
Siminalayi Fubara, Governor of Rivers State, has alleged plans to mobilize 20 people per unit to attack the newly sworn-in local government Chairmen in the state.
Fubara Warns New LGA Chairmen of Potential Attacks
He urged them to be peace-loving and cautious in their approach.
Fubara issued the warning while swearing in the newly elected local government Chairmen in Port Harcourt, the Rivers State capital, on Sunday evening at the Government House.
22 of the sworn-in chairmen were from the Action Peoples Party, while one won on the platform of the Action Alliance.
Fubara said: “I’m aware that there are plans to mobilise 20 people per unit to confront you when you return to your local government headquarters.
“If they come with violence, avoid them. The peace of this state is too important to us. Everyone knows what they are planning, but I urge you to follow my approach.
“At the right time, you will always win if you are patient and calculative. We have made our promises to our people, and we are committed to leading them to the Promised Land.”
News
Rivers Assembly Speaker Accompanies Gov Fubara to Foil Police Plot to Steal Election Materials
Early this morning, Governor Siminalayi Fubara of Rivers State, along with Speaker Victor Oko Jumbo and other state leaders, thwarted an attempt by rogue policemen to steal sensitive election materials.
Early this morning, Governor Siminalayi Fubara of Rivers State, along with Speaker Victor Oko Jumbo and other state leaders, thwarted an attempt by rogue policemen to steal sensitive election materials.
Rivers Assembly Speaker Accompanies Gov Fubara to Foil Police Plot to Steal Election Materials
The incident occurred around 1 am when Deputy Commissioner of Police (Operations) and his team attempted to break into the Rivers State Independent Electoral Commission (RSIEC) office. They aimed to seize materials for the upcoming local government elections scheduled for Saturday.
However, vigilant security personnel at the RSIEC office spotted the intruders and raised the alarm. RSIEC staff quickly alerted Governor Fubara, who immediately assembled a rescue team.
The team, which included Speaker Oko-Jumbo, lawmakers, government officials, and political stakeholders, arrived at the RSIEC office and confronted the situation.
This incident highlights the importance of vigilance and the need to protect the integrity of the electoral process.
Breaking
4 Kidnappers Arrested, Hideout Uncovered in Abuja
On October 1st, the Anti-Kidnapping Unit of the FCT Police Command arrested four suspected kidnappers in Sauka, Abuja.
On October 1st, the Anti-Kidnapping Unit of the FCT Police Command arrested four suspected kidnappers in Sauka, Abuja.
4 Kidnappers Arrested, Hideout Uncovered in Abuja
The suspects, who had been terrorizing the Federal Capital Territory, were identified as Yau Sani (a.k.a. Baba, an ex-convict), Nuhu (a.k.a. Giwa), Kabiru Mohammed, and Yusuf Hassan. The police acted on credible intelligence and found the kidnappers’ hideout in Sauka, located on Airport Road.
“The suspects confessed to being responsible for series of kidnappings of unsuspecting residents in FCT and its environs, the killing of seven victims in the process.
“These gang members have attacked Dakwa, Dawaki, Aco Estate, Dupe Village Zuma Rock, Kuchiko Village and some villages in Niger and Kaduna.”
The police further stated that the suspects led their officers to another hideout in Gauraka Forest, Suleja, Niger State, where they unearthed four AK-47 rifles, 13 AK-47 magazines, and 162 rounds of 7.6 mm live ammunition.
“The suspects also confessed their intending plans to attack some government institutions and estates within the FCT, which have been proactively prevented by the command,” the PRO stated.
The Command is committed to fighting crime in the FCT. They urge residents to report suspicious activity to the police at 08032003913, 08028940883, 08061581938, or 07057337653. You can also contact the PCB at 09022222352 or the CRU at 08107314192 to file a complaint.
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