Fasua, … The union described the call as a threat to the security of lives and property of the people of the area. He explained that the commission suspended the implementation of crypto assets guidelines due to a lack of access to Nigerian bank accounts. The group said, “The Nigerian Government must sanction the Katsina Islamic leaders for indiscriminate abduction and forceful conversion of scores of Hausa Christians especially girls of underage to Islam. Umeagbalasi said his group became aware of the act after another group in the North, Hausa Christian Foundation (HACFO) reported incidences of indiscriminate abduction of underage girls by Islamic leaders in the state, and forcing them to renounce their Christian faith, to take up Islam. The Federal Government may lift the ban on cryptocurrency as the Securities and Exchange Commission (SEC) is working alongside the Central Bank of Nigeria (CBN) to regulate cryptocurrency. This article explains what the circular means and why the CBN issued it. Log into your account. Source: Stears Business . Share this story. So the trucks will now be monitored and controlled fully. A rights group, International Society for Civil Liberties and the Rule of Law (Intersociety) has called for the prosecution of some Islamic leaders in Katsina State, for allegedly abducting and forcefully converting Christian girls to Islam. In February 2021, the apex bank issued a circular to commercial banks, directing them to close all bank accounts linked with crypto trading. associated with transactions in crypto currency. It has become a moral obligation because the banks used the services, debited their customer accounts and now not paying the telcos. SEC, CBN in talks on cryptocurrency Market Regulation By ojootaru on April 16, 2021 The Securities and Exchange Commission has said it is in discussion with the Central Bank of Nigeria on how to better understand and regulate the cryptocurrency market in the country. You may contact him via his email- [email protected]. PZ Cussons Nigeria Plc appoints Ifueko Okauru as Independent Non-Executive Director. What is the deduction meant to for? 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We want peace and development in Ileogbo. The apex bank gave the direction in a circular released to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs). Remember that nobody operates in the Nigerian capital market if that person does not have access to a Nigerian bank account,” he said. On February 18, 2021 8:13 am In Economy, News by Urowayino Jeremiah. your username. 0 Shares. The indigenous union for Ileogbo, a town in Ayedire Local Government Area of Osun State, Ileogbo Unity Forum, has reacted to the recent call made by the Oluwo of Iwo, Oba AbdulRasheed Adewale Akanbi, for the relocation of Fulani herdsmen into his domain. The ten Christian mission schools affected by the recent hijab controversy in Ilorin, Kwara State, are to resume on Monday, April 12, 2021, for the 2020/2021 third term academic session. This disclosure was made by the Federal Controller of Works in Lagos, Mr Olukayode Popoola, during a joint inspection with the Nigerian Ports Authority (NPA) on Saturday, April 17, 2021. your password On February 18, 2021 9:38 am In News by Nwafor. We have told them (NPA) that we cannot allow trucks to flock onto the section where we are working because they will disturb the contractor. Home » News » IMF backs CBN on Cryptocurrency ban. The official assured that SEC remained supportive of Fintechs and was developing a framework to support their operations. the Bank hereby wishes to remind regulated institutions that dealing in crypto currencies or facilitating payments for cryptocurrency exchanges is prohibited. The SEC Director-General, Lamido Yuguda disclosed this at the 2021 first post-Capital Market Committee (CMC) virtual news conference. Yuguda said that the commission was in discussion with the CBN for better understanding and regulation of the crypto-assets market, adding that the capital market regulator had suspended the implementation of crypto assets guidelines due to lack of access to Nigerian bank accounts. We will be able to come back to you later to inform you of the outcome of these engagements. The regulator ordered banks to close accounts associated with cryptocurrencies and stop similar future transactions. “The duo must further be compelled to respect the rights of the indigenous Hausa Christians to exist, live and practice their chosen religious faith while coexisting with citizens of other faith in peace and tolerance particularly members of Sunni and Shiite Muslim sects,” he said. It can be recalled that the Federal Government had earlier in the year said that the first phase of the Apapa-Oshodi-Ojota-Oworonshoki project, which has faced several delays, would be delivered in April 2021. Binance, Quidax, Buycoins Africa, Bundle obey CBN’s crypto ban, Why buying Bitcoin in Nigeria is not cheap, Analysing the Central Bank of Nigeria’s Dollar Remittance Policy. The Central Bank of Nigeria (CBN) has begun clamping down on cryptocurrency accounts. The statement made the President, Association of Telecommunications Companies of Nigeria, Ikechukwu Nnamani, ask CBN to call the banks to order as regards agreements reached on the settling of the N42bn. Yuguda in his statement said, “We are in discussion with CBN for both understanding and better regulating of this market. Unilever Nigeria Plc reports a loss of N492 million in Q1 2021. We have invested so much in developing a framework for supporting fintechs in the various areas and fintechs are acting in areas of crowdfunding, investment advice and cryptocurrencies and the like.”. In a statement jointly signed by the National President, Anthony Owolabi and Social and Publicity Secretary, Ayotunde Adedokun, they stated that the decision of the Forum was with a view to nipping in the bud likely danger posed by infiltration of areas by criminal elements who might disguise as herdsmen. A Central Bank of Nigeria (CBN) circular sent to commercial banks and other financial institutions on cryptocurrencies has surfaced online. The interest attained a peak popularity score of 100 in February 2021 while a year ago it was at 34. On the association’s next step should the banks refuse to pay, Adebayo stated that the CBN and NCC would have to intervene. Telcos in Nigeria have called for the intervention of the CBN and NCC as they insist that banks have to pay the N42 billion debt for the USSD services. 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