News
Aisha Slams FG, CBN Over Banning Of Cryptocurrency
Aisha has slammed FG and CBN over banning of cryptocurrency.
NewsOne Nigeria had reported earlier that the Central Bank of Nigeria (CBN) directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems.
This online news platform understands that the development was disclosed in a circular released to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) on Friday, February 5, 2021.
“Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited, ” the circular signed by Bello Hassan, director for banking supervision, and Musa Jimoh, director of the payment system management department, read.
“Accordingly, all DMBs, NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately.”
Reacting to the ban, Aisha Yesufu, an activist and top critic of the President Muhammadu Buhari led Federal Government (FG) slammed the decision, questioning why the government could not ban insurgency.
The apparently furious activist lamented that government can destroy businesses with just one policy.
Aisha tweeted: “In 2012, I realised the relationship between government & business. My business had been adversely affected by government policy. It dawned on me then that even when you mind your business and just focus on growing, government can destroy all you worked for with a policy.
“If ban dey work why dem no ban insurgency? Na people wey be law abiding dem see finish! Yeye dey smell!”
In 2012, I realised the relationship between government & business. My business had been adversely affected by government policy. It dawned on me then that even when you mind your business and just focus on growing, government can destroy all you worked for with a policy#Bitcoin pic.twitter.com/ViMw2Tybtb
— Aisha Yesufu (@AishaYesufu) February 5, 2021
If ban dey work why dem no ban insurgency? Na people wey be law abiding dem see finish!
Yeye dey smell!😏— Aisha Yesufu (@AishaYesufu) February 5, 2021
