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Senate Invites CBN Gov, SEC DG over Cryptocurrency Ban


Deji Elumoye in Abuja
The Senate has summoned the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and the Director-General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda, to brief it on the opportunities and threats of the crypto currencies on the country’s economy and security following the apex bank’s recent directive stopping all financial institutions from transacting in crypto currencies.
The duo are to appear before the Senate joint Committees on Banking, Insurance and other Financial Institutions; ICT and Cybercrime, and Capital Market, chaired by Senators Uba Sani (APC Kaduna Central), Yakubu Oseni (APC Kogi East) and Ibikunle Amosun (APC Ogun Central) respectively. ....

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