Senate summons CBN Governor over Crypto ban

The Senate has mandated it’s Committees on Banking, Insurance and other Financial Institution, ICT and Cybercrimes and Capital Market to invite the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele for briefing on the ban of Crypto transactions placed by the apex bank.

In series of tweets after Thursday’s plenary session, the National Assembly, the Committees are expected to drill Emefiele on the opportunities and threats of the Crypto currency on Nigerian economy and give feedback in two weeks.

It tweeted, "Senate resolves to mandate the Committees on Banking, Insurance and other Financial Institutions, ICT and Cybercrimes, and Capital Market to invite the CBN Governor for briefing on… ... "the opportunities and threats of the Crypto currency on the nation’s economy and security and to report back findings within two weeks."