“February 5, 2021
LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS
The Central of Bank of Nigeria’s (CBN) circular of January 12, 2017 ref FPR/DIR/GEN/C1R,06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs), Other Financial Institutions (OFIs) and members of the pubic so the risk associated with transactions In crypto currency refers.
Father to earlier regulatory directives on the subject, the Bank hereby wishes to remind regulated institutions that dealing in crypto curencies or facilitating payments for cryptocurrency exchanges is prohibited. Accordingly, all DMBs.
NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating crypto currency exchanges within tier systemsand ensure that such accounts are closed immediately. Please note that breaches of this directive will attract severe regulatory sanctions. This letter is with immediate effect.”
Osaretin Victor Asemota @asemota shared it on Twitter and wrote:
Oyo and Ondo states have been in the eye of the storm lately over security challenges and the moves to check the activities of killer herdsmen.
A popular Yoruba rights activist, Sunday Adeyemo, well known as Sunday Igboho, had issued a seven-day notice to quit to herdsmen accused of crimes in the Ibarapa area of Oyo and enforced same. The activist had also confronted some Fulani herdsmen in parts of Ogun State.
The Reporter had also reported that in a bid to rid the state of kidnapping, rape, farmland destruction, amongst others, Governor Rotimi Akerdolu of Ondo State said herdsmen must register with the state government or vacate the state forest reserves.
When asked on Friday to comment on the herdsmen crisis and the activism of Sunday Igboho, the minister said non-state actors were free to talk but the government was poised to ensuring the security of lives and property in the country.
Mohammed also said the comments of people were not important but the action of the government to tackle the challenge at hand.
“Comments are not what is important, it is what are the steps the government is taking and I can assure you that a lot of back channels are approached to resolve this issue.
