News

Reps Direct CBN To Immediately Stop Implementation of Cybersecurity Levy

Published

7 months ago

May 9, 2024

By Gloria Ikibah

The House of Representatives has directed the Central Bank of Nigeria to withdraw the ambiguous circular on the proposed Cybersecurity levy and issue an unequivocal circular in line with the letters and spirit of the law.

This was sequel to a motion of public importance on the “Urgent Need To Halt The Proposed Implementation of The Cybersecurity Levy By The Central Bank Of Nigeria” moved by the Minority Leader of the House, Rep. Kingsley Chinda and 359 others on Thursday at plenary.

Debating the motion, the Minority Leader noted that the Central Bank of Nigeria through a Circular to all Commercial, Merchant, Non-interest and Payment Service Banks, other Financial Institutions, Mobile Money Operators and Payment Service Providers (“CBN Circular’) dated 6th May, 2024 informed Nigerians of a proposed 0.5 per cent levy on electronic transactions in line with Section 44(2)(a) of the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act, 2024 (“Cybercrimes Act’).

The motion reads further: “Also notes that Section 44(2)(a) of the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act, 2024 provides that “a levy of 0.5% (0.005) equivalent to half percent of all electronic transactions value by business specified in the Second Schedule to this Act” be paid into the Cybersecurity Fund.

“Further notes that businesses which the said Section 44(2)(a) refers to are listed in the Second Schedule to the Cybercrimes Act to be a) GSM Service Providers and all telecommunication companies; b) Internet Service Providers; c} Banks and Other Financial Institutions; d) Insurance Companies and e) Nigerian Stock Exchange.

“Concerned that the CBN circular mandates all Banks, Other Financial Institutions and Payments Service Providers to implement the Cybercrimes Act by applying the levy at the point of electronic transfer origination as “Cybersecurity Levy’ and remitting same.

“Further concerned that the wordings of the CBN Circular leaves the CBN directive to multiple interpretations including that the levy be paid by Bank customers, that is, Nigerians against the letters and spirit of Section 44(2)(a) and the Second Schedule to the Cybercrimes Act, which specifies the businesses that should be levied accordingly”.

The lawmakers expressed worries that this act has led to apprehension as Civil Society Organisations and citizens have taken to conventional and social Media to call out the Federal Government, give ultimatums for a reversal of the “imposed levy on Nigerians’ among other things.

According to him, unless immediate pragmatic steps are taken to halt the proposed action of the CBN, the Cybercrime shall be implemented in error at a time when Nigerians are experiencing the aftermath of multiple removal of subsidies from petroleum, electricity and so on abe the rising inflation.

The House unanimously adopted the motion and mandated the House Committees on Banking Regulation and Banking and Other Ancillary Institutions to guide the Central Bank of Nigeria properly.

News

NECO accredits more foreign schools for SSCE, BECE

Published

5 hours ago

November 24, 2024

Kayode Sanni-Arewa

The National Examinations Council (NECO) has given accreditation to more foreign schools to write the Senior School Certificate Examination (SSCE) and the Basic Education Certificate Examination (BECE).

The Acting Director, Information and Public Relations, Mr. Azeez Sani, disclosed this in a statement.

The newly accredited schools are in Niger Republic and Equatorial Guinea.

“NECO Accreditation Team visited the Schools to assess their readiness to write the SSCE and BECE.

“The Accreditation Team inspected classrooms, laboratories, libraries, computer laboratories, workshops, examination halls and sport facilities to determine their adequacy and suitability for NECO Examinations.

“After a thorough evaluation and comprehensive assessment, the schools were granted full SSCE and full BECE accreditation status,” the statement said.

The statement added that the accreditation of additional foreign schools is a testament to NECO’s commitment to providing quality education and assessment beyond the shores of Nigeria.

“With its expanding global presence, NECO is poised to become a leading examination body in Africa, offering opportunities for students worldwide to benefits from its expertise, thus contributing to the advancement of education in Africa and beyond.”

In another development, the statement disclosed that candidates are participating in the on-going NECO SSCE External in Diffa, Niger Republic.

“The UNHCR School, Diffa, Niger Republic is the first NECO SSCE External Centre outside Nigeria.”

NECO examinations are now written by candidates in Benin Republic, Togo, Cote’ d’Ivoire, Niger Republic, Equatorial Guinea and Saudi Arabia.

News

Guardiola suffers worst defeat of career as Tottenham hammer Man City 4-0

Published

5 hours ago

November 24, 2024

Kayode Sanni-Arewa

Manchester City manager, Pep Guardiola, suffered the worst defeat of his managerial career as they lost 4-0 to Tottenham Hotspur on Saturday night.

The Premier League champions were already on a run of four consecutive defeats ahead of the visit of the North London side.

James Maddison scored twice in the first half to set Spurs on their way to a sensational win.

Pedro Porro drilled in a third, before Brennan Johnson got on the scoresheet late in the game.

The result leaves City in second place with 23 points. They could go eight points behind Liverpool by the end of this Game Week.

Guardiola takes his men to Anfield next weekend.

News

FUOYE Re-Marks Exam Papers of Student Failed By Lecturer Over Sex-for-Grade Scandal, Secures Justice

Published

6 hours ago

November 24, 2024

Kayode Sanni-Arewa

The Federal University, Oye Ekiti, Ekiti State, has cleared a female student, Ramota Olahanloye, to graduate following the re-marking of her final-year examination scripts.

Olahanloye had alleged that a lecturer, Dr. Anthony Agbegbedia, demanded sexual favours from her, and when she declined, he deliberately failed her in two final-year courses.

In a statement issued on Friday by the Special Adviser on Media to the Vice-Chancellor, Dr. Wole Balogun, the university confirmed that Olahanloye’s allegations were investigated, and her scripts were re-marked.

“The young lady’s scripts were re-marked, and she performed fairly better than the scores initially awarded by Dr. Anthony Agbegbedia,” the statement read.

According to Balogun, the university management approved Olahanloye’s revised results, which qualified her for graduation.

“The university management has given executive approval for her results to be processed. She has since commenced her final clearance from relevant units of the university,” the statement added.

Balogun also disclosed that Agbegbedia had been sanctioned by the institution for his misconduct.

Olahanloye expressed her joy over the resolution of the case, saying, “I am happy that I have gotten justice, and I really appreciate the university Vice-Chancellor for setting up the committee that investigated the matter.

“I was shown my entire results, including the graduation list with my name on it. I have started my clearance as a graduating student of the university, and I am truly happy.”

Her father, Rasaki Olahanloye, also lauded the university for its commitment to justice.

“I can confirm to the world that FUOYE has served justice to my daughter. I was shown her upgraded results after her scripts were re-marked, and it is clear that she passed.

“The university fulfilled its promise to ensure fairness, and I appreciate the VC, Prof. Sunday Fasina, and the committee members for ensuring my daughter gets justice,” he said.