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

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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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President Tinubu Swears In Gen. Christopher Musa As Minister of Defence

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President Bola Ahmed Tinubu, on Thursday, swore in General Christopher Gwabin Musa (rtd) as Minister of Defence at the Presidential Villa, Abuja.

General Musa’s appointment follows the resignation of Alhaji Mohammed Badaru Abubakar on Monday, December 1, 2025. His nomination was announced the following day and transmitted to the Senate, where it received expedited screening and confirmation.

Born in Sokoto in 1967, General Musa was commissioned as a Second Lieutenant into the Nigerian Army in 1991 and had a distinguished military career. He was appointed Chief of Defence Staff by President Tinubu in 2023 and retired in October 2025.

As Chief of Defence Staff, he championed inter-service security collaboration.

With his swearing-in, the new Defence Minister is expected to immediately assume duties as the Tinubu administration seeks to consolidate recent security gains and fast-track reforms aimed at achieving lasting peace and stability nationwide.

Senate President Godswill Akpabio, Senate Leader Opeyemi Bamidele, Chairman, Senate Committee on Judiciary, Human Rights and Legal Matters, Sen. Adeniyi Adegbonmire, the Minister of Information and National Orientation, Mohammed Idris, and the National Security Adviser, Mallam Nuhu Ribadu, attended the swearing-in ceremony.

Also in attendance were the spouse of the new Minister, Mrs Lilian Oghogho Musa; Chief of Defense Staff, General Olufemi Oluyede; Bishop of the Catholic Diocese of Sokoto, Matthew Hassan Kukah; and Justice Kumai Bayang Akaahs (rtd).

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EFCC files appeal against release of 27 properties belonging to Okoye, company

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The Economic and Financial Crimes Commission, EFCC, has said it has appealed the judgment of the Federal High Court sitting in Abuja, which ordered the release of twenty-seven houses to James Ibechukwu Okoye and his company.

In the Notice of Appeal filed at the Abuja Division of the Court of Appeal, the Commission expressed dissatisfaction with the decision of the trial court, which was delivered on October 31, 2025.

EFCC counsel, Abba Mohammed, SAN, sought two orders from the Court of Appeal, which include; Staying the execution of the judgment of the trial court pending the hearing and determination of the appeal; and such further or other orders as the court may deem fit to make in the circumstances.

Meanwhile, the Commission said it felt obliged to correct the distortions and misrepresentations contained in a news story titled “EFCC Invades Abuja Property Despite Court Order Restraining Agency, Awarding N20 million To Jona Brothers”.

It explained in a statement on X that the Abuja property, Plot 680-689 Cadastral Zone B06, Mabushi, Abuja, referenced in the report, is a subject of criminal charge before Justice A.I Kutigi of the Federal Capital Territory, FCT, High Court .

However, the EFCC said it sought and secured an order of interim forfeiture of the property before Justice Emeka Nwite of the Federal High Court sitting in Abuja pending the determination of the criminal charge before Justice Kutigi.

“In granting the order, the court authorized the EFCC to ‘appoint competent persons/ firm to manage the assets/properties listed in the schedule therein, temporarily forfeited to the Federal Government pending the conclusion of investigation and determination of criminal charges against the suspect,’”

“It is also important to point out that the criminal charge struck out by Justice Osho Adebiyi and the N20m cost she awarded is not in any way connected to the interim order.

“In addition, the enforcement of the interim forfeiture order of the property by the Commission is without prejudice to ongoing appeals on court pronouncements about the true ownership of the property. The appeals are ongoing and the EFCC is diligently attending proceedings.”

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Nigeria’s judiciary remains committed to human rights protection – CJN Kekere-Ekun

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The Chief Justice of Nigeria, CJN, Justice Kudirat Kekere-Ekun has reaffirmed the commitment of the country’s judiciary to protection of human rights as enshrined in the 1999 Constitution and other international laws and treaties.

She emphasized that the judiciary remains steadfast in its constitutional mandate to uphold the rule of law and protect the rights of citizens.

The CJN spoke on Thursday at the conference on ‘Proportional Force and Respect for Human Dignity: A Dialogue in Governance’, organized by the National Human Rights Commission, NHRC, in collaboration with Citizen FM.

The Administrator of the National Judicial Institute, NJI, Justice Babatunde Adeniran Adejumo, represented the Chief Justice of Nigeria at the conference.

In the goodwill message, Justice Kekere-Ekun congratulated the National Human Rights Commission on its 30th anniversary and commended the organizers for holding the conference on International Human Rights Day.

She emphasized that when authority is exercised with restraint, discipline, and accountability, it strengthens public trust and reinforces the legitimacy of institutions.

The CJN reiterated the judiciary’s commitment to protecting human rights and providing remedies where they are infringed.

“Let me make it abundantly clear that the judiciary remains steadfast in its constitutional mandate to uphold the rule of law and protect the rights of citizens,” she said.

The CJN further commended the NHRC for promoting dialogue and awareness on critical human rights issues in Nigeria.

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