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Nigerians Cry Out Over Recent Cybersecurity Levy On All Bank Customers’ Accounts From: PoliticsNigeria

Mixed reactions have trailed recent Cybersecurity Levy which Nigerian commercial Banks have been ordered to deduct from all their customers.
The cybersecurity levy on all electronic transactions will start May 20, 2024, six years after it first issued the directive.
The deductions were to be remitted to the National Security Fund, which is being administered by the Office of the National Security Adviser (ONSA).
The deductions were to be effected on all electronic transactions consummated through commercial banks, merchant banks, non-interest banks, payment system banks, Other Financial Institutions (OFIs) mobile money operators and payment service providers. Failure to comply and remit within the stipulated timeframe will lead to a penalty of two per cent of the annual turnover of the institution.
On June 25, 2018, the apex bank had released guidelines for the collection of a 0.005 per cent levy on electronic transactions for the National Cybersecurity Fund, directing that the levy will take effect from 1st of July 2018. The directive however did not take off.
Consequently, in a circular dated May 6, 2024 and jointly signed by the CBN director of payments systems management, Chibuzor Efobi and Director, Financial Policy and Regulation, Haruna Mustafa, the CBN directed that banks in the country begin the deductions for onward remittance.
Speaking with our correspondents, many Nigerians said Tinubu’s government is bent on over taxing Nigerians.
Mr Nnaemeka Ani described Tinubu’s government as a disaster. According to him, “Nothing is working in the country. The only thing they know is how to impoverished the masses.”
A Nigerian Lawyer who spoke with our correspondent, Mr Festus Oguche said which one is cyber security levy? Will it provides security against bandits,Boko Haram and kidnappers?.
A trader at popular International Market in Ebonyi State wondered why Tinubu’s government is over taxing people that are underpaid.
He said “You keep burdening people who are already over taxed, underpaid, underfed and barely surviving undecided.”
Meanwhile, for the past nine months, Nigerians have been lamenting over the economic hardship in the country.
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Tor Tiv gives Benue chiefs 48 hours to flush out militias

The paramount ruler of the Tiv people, Tor Tiv, Professor James Ayatse, has handed down a two-day ultimatum to traditional rulers in Konshisha and Gwer East Local Government Areas of Benue State to flush out militias and hired killers linked to the protracted Ugambe–Mbaiase crisis.
Speaking at his Gboko palace after a meeting with local chiefs and council chairmen, Ayatse through his Special Assistant on Media and ICT, Freddie Adamgbe warned village heads against harbouring armed mercenaries. He noted that such protection only fuels the violence and deepens insecurity.
Community leaders at the meeting traced the conflict to long-standing land disputes.
The monarch urged a return to the age-old Tiv values of peaceful coexistence and directed the Mue Ter of Shangev Tiev and Masev districts to ensure the immediate expulsion of all armed groups.
Ayatse further appealed to the Benue State Government to speed up the demarcation of the boundary between Ugambe and Mbaiase as a step toward permanent peace.
Local government chairmen and traditional chiefs present applauded the Tor Tiv’s intervention and pledged to enforce his directive to end the crisis.
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Alleged N3.1bn fraud: Suswan’s defence stalls again after 10 years in court

The trial of former Benue State governor, Gabriel Suswam, was on Monday, September 22, 2025, stalled at the Federal High Court in Abuja after the defence failed to open its case.
Suswam and his former Finance Commissioner, Omodachi Okolobia, are being prosecuted by the Economic and Financial Crimes Commission, EFCC, on an amended 11-count charge over the alleged diversion of N3.1 billion.
The funds were allegedly proceeds from the sale of Benue State shares managed through the Benue Investment and Property Company Limited via Elixir Securities and Elixir Investment Partners.
Justice Peter Lifu had earlier, on July 23, dismissed Suswam’s no-case submission and ordered him to present his defence. But at Monday’s sitting, lead counsel J.B. Daudu, SAN, requested a three-week adjournment, citing the hospitalisation of a team member, Chenelu Ogbozor, as well as a pending appeal challenging the court’s July ruling.
EFCC lawyer A.O. Atolagbe opposed the request, arguing that the defence had more than two months during the court’s annual recess to prepare.
“This matter has lingered for a decade,” Atolagbe told the court, urging it not to wait for the Court of Appeal unless a specific directive was issued.
Justice Lifu expressed frustration over the prolonged proceedings.
“This case has been on for 10 years. No matter what, a matter should not drag this long,” he said, recounting difficulties locating the scattered case file earlier in the day.
The judge adjourned the trial until October 10, 2025, directing Suswan to open his defence on that date.
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Wike expresses displeasure over slow pace of work at Abuja court complex project

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has criticised the slow pace of work at the new Abuja Division of the Court of Appeal complex in Dakibiyu, Jabi District.
Wike spoke on Monday, after inspecting the Appeal Court site and the Judges’ Quarters in Katampe District.
He said he doubted the contractor could meet the original September 2025 deadline, which was meant to coincide with the Court of Appeal’s legal year celebration.
“I’m afraid; I’m really not too satisfied. I don’t think that the contractor will meet up,” Wike told journalists after the inspection.
The minister said he has called for an urgent meeting with the contractor to find ways to speed up the project.
He stressed that the facility was a priority for President Bola Ahmed Tinubu.
“I do know that it will not exceed this year. I have sent them to call the contractor. Let’s put our heads together because it’s one project that is dear to Mr. President,” he said.
He, however, praised the progress of work at the Judges’ Quarters project in Katampe, where 40 five-bedroom duplexes are being built for Justices of the Federal High Court, the FCT High Court, and the Court of Appeal.
“We are impressed with the speed of work and the duration is for them to hand over by January 2026 with complete furnishing. I believe with the way they are going, they may be able to hand over before that date,” he said.
Wike noted that the President’s initiative to provide decent housing for judges was part of efforts to strengthen judicial independence.
Wike explained that President Tinubu’s effort is aimed at giving judges greater independence by providing them with their own secure housing and allowing them to live separately and focus fully on their duties.
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