On Thursday, the House of Representatives instructed the Central Bank of Nigeria (CBN) to cease the enforcement of the cybercrime levy, aligning with the Cybercrime Act's provisions. This decision came after Minority Leader Kingsley Chinda, representing PDP Rivers, presented a motion of urgent public importance.

Chinda highlighted Section 44 (2a) of the Cybercrime Act, which specifies that GSM and telecom companies, internet providers, banks, financial institutions, insurance companies, and stock exchanges are liable to pay the prescribed fees. He expressed concerns over the apprehension stirred by the CBN's circular, suggesting that it implied Nigerians were to bear the levy's burden amidst ongoing economic challenges, including rising petroleum prices.

Consequently, the House urged the CBN to retract its initial circular on levy enforcement immediately and issue a new circular consistent with the Cybercrime Act's provisions.