CBN bans Moniepoint, Opay, Kuda, others from taking new customers over cryptocurrency involvement
Central Bank of Nigeria has stopped the Social Media or Online Banking system or apps to register new member to the banking system. According to them, those Banks are use to manipulate the Naira through the cryptocurrency market. Why Nigerian government is doing all this to suffer the innocent people? Nobody is manipulating the naira but the government himself. Only one policy can settle everything and they don't want to do it but busy playing blame game with the cryptocurrency participants because they are benefiting from the rising of dollar.
This news went viral yesterday, and it's clearly very unfortunate that even in times when things are very hard in Nigeria, that the government should be all hands on deck seeking out possible solutions that will once and for all, settle the unrest in the country, they are busy chasing clout, how can they possibly think that the dollar rising against the naira is as a result of people manipulating the naira through online banking systems? Oh, right now, it's no longer Binance, it's now opay, moniepoint and the others? This government is really tiring.
And that new cbn governor, e be me like say that man never really know him left from right, make them dey busy dey chase clout while the dollar keep rising, soon, e go enter #2000 again, and then #3000.
I tire for Nigeria government I swear 🤬