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See the Shocking Reason CBN Directs Banks to Close Cryptocoins Accounts

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CBN has directs banks to close accounts of group or individual involved in cryptocoins transactions within their systems.

This was made known in a circular dated 5th February 2021 distributed to deposit money banks, non-bank financial institutions, and other financial institutions.

“Moving on 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

In January 2017, you will recall that Central Bank of Nigeria said digital currencies such as bitcoin, litecoin, Ethorum and others are largely used in financing terrorism and money laundering, considering the anonymity of virtual transactions.

Furthermore, in February 2018, the Central Bank of Nigeria said people who invest in cryptocurrencies do so at their own risk because they are not protected by any of the law in Nigeria.

Then in 2020, Cryptocurrency was used to fund the #EndSars protest, you can recall that money was used initially to fund the protest but major accounts was banned so Jack appealed for support through a particular Cryptocurrency wallet to fund the #EndSars protest.

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See the Shocking Reason CBN Directs Banks to Close Cryptocoins Accounts

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Edo Governor to Organise State Burial for Prof. Victor Uwaifo

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Edo State Governor - Obaseki

Edo State Government has said it would be organising a state burial for late music iconic maestro, Sir Prof. Victor Uwaifo, who passed on last month.

In a statement by Chief of Staff to Edo state Governor, Osaigbovo Iyoha, said the government is firming up arrangements with the family of the late music legend to ensure a successful state burial.

Sir Prof. Victor Uwaifo died on August 28, 2021, aged 80 years. He led an illustrious career as a musician, artist and arts teacher, taking the culture, experiences and sound of Edo people to a global audience.

According to Iyoha, “The Governor has approved a state burial for an illustrious and dearly beloved Edo music icon, Prof. Sir Victor Uwaifo.

The Edo State Government is working closely with the family of Prof. Uwaifo to ensure a seamless state burial. Arrangements are in top gear and we will disclose more details of the burial in conjunction with the family.”

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PDP to APC – Acceptance of Wrecking Naira is a Sabotage

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The Peoples Democratic Party (PDP) says the acceptance by the All Progressives Congress (APC) that it retained a Central Bank of Nigeria (CBN) Governor that allegedly supervised the sharing of money and looting of our treasury, is an admission that it deliberately sabotaged the economy and made life very difficult for Nigerians.

The PDP invites Nigerians to note the nerviness, uneasiness and tension that have gripped the APC since the call for the resignation and prosecution of the CBN Governor, Godwin Emefiele, was brought to the public, apparently for fear that such will definitely expose the atrocities of APC leaders.

Our party insists that by the comments of the APC National Secretary, Senator John Akpan Udoedehe, the APC deliberately kept a CBN Governor that supposedly supervised the “sharing and looting” of monies in office to enable APC leaders to pillage the CBN.

Akpan Udoedehe might want to be reminded that General Buhari, as he was then known, had in his campaign, promised to fight corruption, yet he retained a CBN Governor, who his party is now accusing of having superintend over “sharing and looting” of funds in the CBN.

Is it not revealing that six years down the line, with the naira heavily depreciated, the same CBN Governor, whom Akpan Udoedehe claimed to have supervised the “sharing and looting” of monies in CBN is still in office?

We call on the APC and the Buhari Presidency to come clean on their activities in the CBN that has brought the value of our naira to her knees and stop the horrible resort by the APC to blackmail those who are demanding for transparency and accountability in the nation’s fiscal sector.

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Nigeria has Lost 2000 Persons to CoronaVirus since February 2020 – Min. Of Health

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The Min. of Health, Dr Osagie Ehanire, states that Nigeria has lost over 2,000 persons to Coronavirus since February 2020 (outbreak).

He disclosed this at the joint town hall meeting of the Presidential Steering Committee on COVID-19 and National Primary Healthcare Development Agency on COVID-19 Vaccination in Nigeria, South-south zone, which held in Benin City.

The minister disclosed that 90 per cent of those who have died from the pandemic across the globe were those who did not take the first or second dose of the vaccine, adding that it was God who has revealed to the scientists on how to manufacture the COVID-19 vaccines.

He said that the two sure ways available at the moment to safeguard oneself against the virus are the adherence to the non-pharmaceutical guidelines, which are social distancing, washing of the hands, using of hand sanitizer and the vaccine.

Dr Ehanire assured that the Federal Government would continue to work with the relevant agencies and stakeholders to ensure that the citizens get vaccinated, disclosing that the government is making plans to set up vaccine-producing plants in the country.

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