According to presidential spokesperson Bayo Onanuga, cryptocurrency trading platform Binance would ruin Nigeria’s economy if it were not regulated.
Onanuga said on Channels Television’s Politics Today show on Wednesday, February 28, that Binance arbitrarily fixes foreign currency rates.
He said:
“If we don’t clamp down on Binance, Binance will destroy the economy of this country. They just fix the rate. We have saboteurs. Look at what Binance is doing to our economy. That is why the government moved against Binance. Some people sit down using the cyberspace to dictate even our exchange rate, hijacking the role of the CBN.
“They just sit down and fix anything they like. It’s a sabotage and we are trying to prevent that from happening henceforth.”
In other news, the Nigeria Labour Congress (NLC) staged a peaceful demonstration in the streets of Lagos over the nation’s present economic struggles a few days ago.
The union members are also criticizing the federal government’s inability to carry out the agreements that were struck on October 2, 2023, after the gasoline subsidy was removed, from the parties.
The decision was made after the Federal Government was given a 14-day deadline to take action against the widespread misery.
The union promised to start the demonstration, but the federal government and the NLC’s meeting last night ended in an impasse.
En masse, the NLC members stormed the Ikeja underbridge, singing and dancing as they demanded that the government respond to their demands.
It was reported that the demonstrators were spotted holding signs that said, among other things, #END HUNGER AND POVERTY NOW!
In other news, Nigerian actor and reality star, Tobi Bakre has revealed the future occupation of his daughter, Kamila.
He revealed that he wants his daughter to become a nun.
In a recent video published on his social media page, the actor expressed his love for his newborn girl and stated that she would not approach any man.
Sharing the video, he wrote:
“My baby don start hair o!!!!
Big shout out to the best hairdresser @anu.bakre
No worry when it’s time for all back daddy gat dis!”
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