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Nigerian Government has removed the ‘fear of hell’ from Nigerians – Rapper, Erigga.

According to Erigga, this lack of fear is largely due to the way the Nigerian Government handles the country.

He wrote on Twitter ;

Na Nigerian government make Nigerians no dey fear HELL … I mean can it get any worse???

His comment comes barely 24 hours after Nigeria’s APEX Bank implemented a new policy that prevents financial institution from engaging in Crypto-Currency transactions.

The regulator prohibited all financial institutions from facilitating crypto currency payments in the country.

DMBs, NBFIs and OFIs to identify persons and entities transacting in, or, operating crypto currency exchanges within their systems to close such accounts immediately.

In the letter, the CBN referenced a circular it issued in January 12,2017 ref FPR/DIR/GEN/CIR/06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs)and other financial institutions (OFIs) as well as members of the public on the risk associated with transactions of crypto currency.

“Further to earlier regulatory directives on the subject, the Bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency is prohibited,” the statement reads.

 

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