Ihechi Enyinnaya
The African Centre for Justice and Human Rights (ACJHR) has expressed delight at the recent policy introduced by the nation’s apex bank,
The directive by the Central Bank of Nigeria that Deposit Money Banks, Non-Financial Institutions, and other financial institutions should not do business in crypto and other digital assets is getting the backing of many Nigerians.
The African Centre for Justice and Human Rights (ACJHR) expressed delight wth the policy saying it is a bold and courageous decision at this time of the nation’s history.
A statement by its executive director, Chinwendu Nduka Edede said an unbiased review of the policy will reveal to objective minds that the ban will go a long way in halting growing financing of terrorism, money laundering and illicit transactions in the country.
She said the group is not unaware of the criticisms that the policy had attracted to the CBN and its governor, Godwin Emefiele, but they are not completely unexpected.
Similarly, the Nigeria Ethnic Youth Leaders Council have lauded the Governor of the Central Bank of Nigeria, Godwin Emefiele, over the bank’s recent policy stopping Deposit Money Banks, Non-Financial Institutions, and other financial institutions from doing business in crypto and other digital assets.
The council, which is made up of the Arewa Consultative Youth Movement, Ohanaeze Ndi Igbo Youth Movement, Niger Delta Youth Council, Oduduwa Youths and Middle Belt Youths, viewed the ban as patriotic and courageous.
In a statement by Ohanaeze Secretary General and Head of Coalition secretariat, Nwada Ike Chiamaka particularly commended Emefiele and his team for taking this bold decision which is long overdue.
They urged him not to relent in his efforts to sanitise not only the nation’s banking sector but the entire economic landscape.
“We know of a fact that this policy is a hard hit against financial crimimals of the underworld who in turn will stop at nothing in their desperate bid to ensure that the policy is changed so that they can continue to have their way.
“We urge the CBN team not to succumb to any pressure. The policy should be strictly implemented and those who flout the rule should be sanctioned appropriately,” they said.