CelestineNelson:
The Reality of this Cybersecurity Levy is that the funds will be administered by the NSA ( National Security Adviser ) and according to NIBSS (Nigeria Inter-Bank Settlement System Plc) last year the money realized by e-transactions was 600 Trillion Naira. 0.5% (300 trillion) of the money will be remitted to the National Cyber Security funds according to the
Cyber Crime Prohibition and Provision Act of 2015, Signed by Former President Goodluck Ebele Jonathan. That's for 2023 alone.
How is this money spent?
Note: The money is to be kept by the CBN but
The power to issue what is called authority to incur an expenditure (who to withdraw and when to withdraw the money ) is not even in the hands of the President. Is in the hands of the National Security Adviser.
Now imagine a situation, where such an amount of money is in the hands of only one man, who is not subjected to any Financial Audit, Security funds are not subjected to any audit in other words if you award 10 billion from our budget to Security, how the money is spent is not any body's business. No safety Net, the auditor general of the federation can not request for explanations. If the President is subjected to checks and balances by the National Assembly NSA is not subjected to any Checks.
And more importantly, the timing is wrong for this law, because of the current economic crisis.

I still don't know how you work out the simple mathematics of 0.5% of 600 Trillion equated to 300 Trillion.....baba cross check before giving wrong figures so as not to mislead others

Can i also get either a terabyte hdd system or 500gb hdd system with 8gb ram as 60k........ Can someone please drop his/her whatsapp number


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