logo




Home

Music

Video

News

LIVE TV

Contact


All Categories:

Quick Contact
number here | Email: gbamtveditor@gmail.com

ADVERTS:- Available for adverts or important notifications

Trending Posts 🔥 CLICK HERE TO SEE MORE TRENDING POSTS
New Posts

https://gbamtv.com

Whether you close Cryptocurrency or not, fundraising for Sunday Igboho must continue – Lawyer tells FG

Legal practitioner, Tommy Ojoge-Daniel, has said the recent warning issued by the Central Bank of Nigeria to financial institutions and others against doing businesses in crypto and other digital assets, cannot stop the fundraiser set up for Yoruba activist, Sunday Adeyemo (Igboho).

Ojoge-Daniel, disclosed this in an interview with the PUNCH on Friday shortly after the CBN issued its directive.

Supporters of Igboho had set up a Gofundme page for the purpose of raising £100,000 (N51.8 million) for him to buy buses.

The fundraiser, which was initiated by Maureen Badejo, a blogger and activist based in the United Kingdom, had garnered £26, 452 (N13.8 million) as of the time of filing this report. 

It was gathered that crypto currency was one of the major ways through which funds sourced through crowd funding are accessed.

On Friday, the CBN directed banks in the country to close all cryptocurrency-related accounts.SEE ALSOFundraiser Launched By Igboho’s Supporters Raises N13 Million In Two Days2 Comments5 Hours Ago

In a statement on Friday, the regulator prohibited all financial institutions from facilitating cryptocurrency payments in the country.

This directive was contained in a letter addressed to all Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs)and other financial institutions (OFIs).

Ojoge-Daniel said, “It (CBN policy) does not affect it (Igboho’s funding) in any way in as much as crypto currency is an open source platform for peer to peer (P2P) exchange of value and it is largely untraceable.

“The open ledger (block chain) only tracks activities in wallets and cannot hinder or hamper individuals who have crypto in their wallets from sending it to the recipient wallet. They can only track the payments but can never track the payers. The only issue will be exchanging the crypto on a direct platform to a Nigerian account.”

WhatsApp group

READ ALSO 👇

Loading...
No Comments Yet Drop a Comment

Drop your Comment



Go Back To The Top




Advertise | About Us | Contact Us


Copyright © 2017 - 2021 Gbam TV
Powered by: Dulcet Media