Central Bank of Nigeria, CBN, and the Security and Exchange Commission, SEC have decided to work together, conduct research, and find ways to regulate and monitor the cryptocurrency market.
This was made known at an organized virtual lecture organized by the association Capital Academics of Nigeria, ACMAN, Abuja.
SEC’s head of department, registration, exchanges, market infrastructure, and innovation, Timi Agama, opines that the cryptocurrency market is an air that can never be caged.
He further stresses that the cryptocurrency market is worth about two trillion dollars, that such a vast market can’t be ignored.
He also noted that the world could not be progressing while we would be static.
Adding, he said though the SEC would not permits or encourage any fraudulent practices that involve money laundering, the crypto market is one that can be ignored.
“There is a lot of investment moving into the cryptocurrency market, and the tendency is that it will reduce the number of investments in the stock market.
“Part of the desire of the SEC even in the future is to provide a regulatory framework that will take care of all these challenges that we have seen internationally, and the entire world is grappling with in terms of cryptocurrency and digital assets.
“For us at the SEC and capital market, it is something to look at, the world cannot be moving forward, and we will be static, no.
“It is important for us to review, understand, appreciate and introduce regulations that will guide the movement of the market in this direction.
“A market that has an opportunity for ICOs, derivatives, is not a market we can ignore.
“ It is our desire that we do more work, collaborate as regulators and analyze to make sure that we provide a level playing field where Nigerians, international investors, and whoever is interested in this space will be comfortable and happy.
“I hope that in doing that, we are going to be able to drive foreign portfolio investment, Foreign Direct Investment (FDI) into this country and build our capital market,’’ he said.
Popular Nigerian singer, Paul Okoye, better known as Mr Rude boy from the defunct singing duo, P-Square, has been called out for allegedly beating his wife, Anita Okoye.
According to popular Instagram Blogger, Cutie Julls, Paul cheats on his wife without remorse and beats her up.
The blogger took to her page to allege that Anita has reported several times to his elder brother, Jude Okoye, but it fell on deaf ears.
Cutie further alleged that Anita tried leaving her home but ran back after friend sand family members started showing concern. Read the post below:
"Wow Paul. So Paul has been a very bad boy. Poor Anita, she says if she leaves, people will talk....
Former Imo governor and senator, Rochas Okorocha has been arrested by
some operatives of the Imo state police, Owerri
Kemi Filani gathered that amongst the arrested were Ijeoma Igboanusi and Lasbrey Okafor-Anyanwu.
Igboanusi was the deputy chief of staff (Domestics) while Okafor-Anyanwu was the Commissioner for Transportation in Okorocha’s government. According to reports, Okorocha was arrested on Sunday after unsealing Spring Palm Estate linked to his wife, Nkechi.
See photo below;
Popular Kaduna-based Islamic Cleric Ahmad Gumi has opened up that the bandits he met in Niger State were not responsible for the kidnapping of the 27 students of Government Science College, GSC, Kanagara.
Gumi insists that the bandits told him they did not know anything about the abducted students.
He also refutes claims that he was negotiating with the bandits; instead, he said his meeting with the bandits dissuade them from inciting more crimes and promoting peace.
He said: “I am not part of any negotiations. We just met some of these militants in Niger State, trying to dissuade them from their militancy.