CBN ban on cryptocurrency makes Nigeria unprepared for future, says Ezekwesili


Former Minister of Education, Oby Ezekwesili has faulted the ban on cryptocurrency trading placed by the Central Bank of Nigeria.

Recall that The CBN gave the order as seen in a statement issued on Friday, stressing that all banking institutions are to close the accounts of customers with cryptocurrency transactions immediately, adding that breaches of the directive will attract severe regulatory sanctions.

Reacting to the ban, Ezekwesili slammed the CBN on her twitter handle, saying that all CBN  needed to do was map all the legitimate risks associated with cryptocurrency and gather a subset of the super brilliant Nigerian young minds in FinTech so they can listen and learn more. 

She concluded that the order makes the country appear unprepared to embrace the future and is also painting the picture that Nigerians should not be allowed to hold a global position because it seems the country doesn't intend to move forward with the rest of the world.

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