Chairman of the Senate Committee on National Security and Intelligence, Shehu Buba, has said the implementation of 0.5 per cent cyber crime fee on transactions was not meant to punish Nigerians but to protect the national security and the economy.The payment of the levy is a provision in the Cybercrime Act 2024.
The resolution was a sequel to a motion of urgent public importance moved by the Minority Leader of the House, Kingsley Chinda. "The committee also underwent a transparent public hearing process, receiving contributions from various stakeholders. Both Houses of the National Assembly unanimously passed it before President Bola Ahmed Tinubu signed it into law" he said in the statement.
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