Civil society don sue central bank for cryptocurrency mata

 

One civil society organisation, the Digital Rights Lawyers Initiative, don drag the Central Bank of Nigeria and Securities and Exchange Commission go court becos of the recent action wen the apex bank take as dem take say make Deposit Money Banks stop to dey run any transaction wen get to do wit cryptocurrencies.

For the  Suit wen den file on Monday, February 8, 2021 for the Federal High Court for Lagos, the group say the CBN, when be the first defendant, no get the power to stop financial institutions from running cryptocurrency transactions.

The digital rights lawyers come talk say the second defendant, SEC, talk for one circular wen carry September 14, 2020 as date say cryptocurrencies na legal digital assets wen dey “protected under section 44 of the Constitution of the Federal Republic of Nigeria, 1999 wen dem don amend.

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