Seyi Law Criticizes CBN’s New 0.5% Cybersecurity Levy, Calls for Policy Review

Seyi Law

Nigerian comedian Oluwaseyitan Aletile, popularly known as Seyi Law, has expressed his frustration over the recent introduction of the 0.5 per cent cybersecurity levy by the Central Bank of Nigeria (CBN).

Seyi Law described the new policy from the CBN as “unacceptable” and urged the apex bank to reconsider it.

Addressing President Bola Tinubu directly on social media, the comedian called for relief for the masses and questioned when the new minimum wage would be announced and implemented.

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He also criticized some ministers for their perceived lack of effectiveness, noting that one year into the administration, there hasn’t been significant progress.

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.”

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