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Senate summons CBN Governor, Emefiele, over cryptocurrency ban

The Nigerian Senate has mandated its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes and Capital Market to invite the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.

This follows the recent ban on cryptocurrency the CBN.

The Senate wants Emefiele to clarify controversies surrounding the ban.

Also to appear before the Committee is Lamido Yuguda, the Director-General of the Securities and Exchange Commission (SEC).

The Red Chamber made the resolution following a motion titled: “CBN’s decision to stop Financial Institutions from transacting in Cryptocurrencies and matters arising therefrom”, as sponsored by Senator Istifanus Dung Gyang, (Plateau North) and Senator Adetokumbo Mukhail Abiru, (Lagos East).

The Senate expressed optimism that the two regulatory bodies would assist the Senate to “determine the opportunities and threats of the cryptocurrency on the nation’s economy and security.”

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#OccupyLekkiTollGate: FG vows to stop fresh protest at Lekki toll gate

Federal Government has declared that it would inhibit any fresh #EndSARS protest at Lekki Toll Gate.

Nigeria Minister of Information and Culture Lai Mohammed made this known while speaking in Abuja, condemning the second wave of #EndSARS protest.

He warned the protesters to desist from engaging in another protest, that all security agencies have been put in place to dislodge and disallow any further rally at the Lekki Plaza.

The Minister said: '' Any further resort to violence in the name of #EndSARS will not be tolerated this time.

” The security agents are ready for any eventuality. A situation in which six soldiers and 37 policemen...

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