National Security Adviser, NSA, Mallam Nuhu Ribadu, has directed all law enforcement agencies, regulators, businesses and stakeholders to put in place mechanisms for the full implementation and enforcement of the Cybercrimes (Prohibition, Prevention, et c) Amendment Act 2024.
To this end, the NSA said a levy of 0.5percent of all electronic transactions value by the specified businesses in the Second Schedule to Cybercrimes Act shall be paid and credited into the National Cybercrime Fund.
A statement by Zakari Mijinyawa, Head-Strategic Communications Office of the NSA, said all impediments to the full operationalisation of the Cybercrimes law have been addressed.
It reads, "Arising from the high level African International Counter Terrorism Meeting in Abuja between April 22 and 23, 2024, African leaders stressed the urgent need for the improved deployment of greater support and resources towards strengthening cybersecurity activities in Africa and taking concrete steps to prevent the use of social media and other platforms by terrorists and organised criminal groups.
"In view of the need to secure Nigeria's digital space and safeguard national security and economic interests, as well as deploy additional resources to counter terrorism and violent extremism as provided in section 44(5) of the Cybercrimes Act, all law enforcement agencies, regulators, businesses and stakeholders have been communicated by this office to put in place mechanisms for the full implementation and enforcement of the Cybercrimes (Prohibition, Prevention, Etc) Amendment Act 2024.
"By this amendment, all impediments to the full operationalisation of the Cybercrimes law have been addressed.
"Consequently, a levy of 0.5 percent of all electronic transactions value by the specified businesses in the Second Schedule to the Act shall be paid and credited into the National Cybercrime Fund."
It will be recall that on July 6, 2022. Nigeria joined 66 other countries that have signed and ratified the Budapest Convention on Cybercrime to enhance international cooperation, provide common platform and procedural tools for efficient and safe cyberspace pursuant to section 41(2) (a) of the Cybercrime Act 2015.
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