Seyi Law Criticizes CBN’s Cybersecurity Levy, Urges Tinubu To Let The Poor Breathe

Nigerian comedian Oluwaseyitan Aletile, popularly known as Seyi Law, has expressed outrage regarding the recent introduction of the 0.5 percent cybersecurity levy by the Central Bank of Nigeria (CBN).

GWG.ng had reported that the apex bank on Monday directed banks operating in the country to start charging a cybersecurity levy on transactions.

Reacting, Seyi Law said the new CBN policy was “unacceptable”.

He urged the apex bank to revisit the policy.

Tagging President Bola Tinubu, the comedian asked the President to allow the masses “breathe,” querying when the new minimum wage would be announced and implemented.

He said some ministers are not doing their jobs well, stressing that one year into the administration and there is nothing much on ground.

On his X handle, Seyi Law wrote: “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 said in expressing his reservation on the cybersecurity levy.

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