Connect with us


No law criminalising trade in cryptocurrency – BICCoN



The Blockchain Industry Coordinating Committee of Nigeria has said no legislation from the National Assembly criminalise trade in cryptocurrency.

It therefore noted that the Central Bank of Nigeria’s directive to shut down cryptocurrency operations, if not reviewed, would set a dangerous precedent in the country.

The blockchain industry group, in a statement signed by its General Secretary, Senator Ihenyen, expressed shock and displeasure over the ban.

According to BICCoN, though the CBN has the statutory authority to delimit banking operations, ordering banks and other financial institutions to freeze accounts suspected to be in use for cryptocurrency may not be supported by law.

“This is because there is currently no legislation by the National Assembly criminalising or illegalising trade in cryptocurrency in Nigeria. Therefore, it is questionable whether the CBN has the statutory power to order the (permanent) freezing of these accounts,” it said.

The group noted that the ban would limit crypto trading to unregulated decentralised platforms where unenlightened and unsuspecting members of the public would be more vulnerable to scams, making the Nigerian crypto space a den of criminals.

Continue Reading


  1. asmr

    April 10, 2021 at 3:41 pm

    Hi! I could have sworn I’ve been to this site before but after going through many of the articles I realized it’s new to me.
    Anyways, I’m certainly pleased I discovered it and I’ll
    be book-marking it and checking back regularly! 0mniartist asmr

  2. asmr

    April 10, 2021 at 8:51 pm

    I’m extremely impressed with your writing skills
    as well as with the layout on your weblog.

    Is this a paid theme or did you modify it yourself? Anyway keep up the
    nice quality writing, it’s rare to see a great
    blog like this one these days. 0mniartist asmr

  3. 0mniartist

    April 11, 2021 at 9:00 pm

    Thank you for the good writeup. It in fact was a amusement
    account it. Look advanced to more added agreeable from
    you! However, how could we communicate? asmr 0mniartist


    April 15, 2021 at 2:51 am

    Excellent article. Keep writing such kind of info on your blog.
    Im really impressed by your blog.
    Hello there, You have performed a great job. I will definitely digg it and individually recommend to my friends.
    I am confident they’ll be benefited from this site.
    0mniartist asmr


    April 16, 2021 at 3:06 am

    I have learn some just right stuff here. Definitely
    price bookmarking for revisiting. I surprise how much effort you place to make any such excellent informative web site.
    0mniartist asmr

  6. gamefly are

    April 28, 2021 at 2:56 am

    Heya i’m for the primary time here. I found this board
    and I find It really helpful & it helped me out a lot. I’m hoping to offer something
    again and help others like you helped me.

  7. there asmr

    April 29, 2021 at 7:17 am

    It is actually a great and useful piece of info. I’m glad
    that you just shared this useful information with us.
    Please stay us up to date like this. Thanks for sharing.

  8. asmr that

    April 29, 2021 at 8:56 am

    I every time emailed this blog post page to all my associates, as if like to read
    it next my friends will too.

  9. or asmr

    April 29, 2021 at 11:05 am

    Awesome article.

  10. an gamefly

    May 3, 2021 at 8:30 pm

    Hmm is anyone else encountering problems with the images on this blog loading?
    I’m trying to find out if its a problem on my end or
    if it’s the blog. Any feed-back would be greatly appreciated.

  11. asmr in

    May 4, 2021 at 7:44 am

    Hello colleagues, how is all, and what you wish for to say concerning this article, in my view its truly amazing in support of me.


    May 7, 2021 at 1:28 pm

    Excellent website. A lot of useful information here.
    I am sending it to a few friends ans additionally sharing in delicious.
    And naturally, thank you for your effort!

  13. asmr on

    May 8, 2021 at 2:14 am

    May I simply say what a relief to discover somebody that genuinely understands what they’re
    discussing on the web. You definitely realize how to bring a
    problem to light and make it important. More people have to check this out and understand this side of the story.
    I can’t believe you’re not more popular because you certainly have the gift.

  14. asmr their

    May 9, 2021 at 7:11 am

    I’m really loving the theme/design of your website. Do you ever run into any web browser compatibility problems?
    A couple of my blog readers have complained about my site
    not working correctly in Explorer but looks great in Safari.
    Do you have any tips to help fix this issue?


    May 15, 2021 at 8:27 am

    It’s awesome designed for me to have a site, which is
    helpful for my experience. thanks admin scoliosis


    May 16, 2021 at 9:46 pm

    you’re in point of fact a just right webmaster.
    The website loading pace is incredible. It seems that you are doing any distinctive trick.
    Furthermore, The contents are masterpiece.

    you have done a fantastic job in this matter!


    May 19, 2021 at 12:45 pm

    When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each
    time a comment is added I get several e-mails with the same comment.
    Is there any way you can remove people from that service?
    Thank you! scoliosis


    May 20, 2021 at 1:40 am

    dating sites
    Thanks very nice blog! dating sites

  19. are asmr

    May 21, 2021 at 10:02 am

    I feel that is one of the most important info for me.
    And i am glad studying your article. However want to statement on few general things, The web site style is ideal, the articles is in reality nice :
    D. Excellent process, cheers

  20. dating sites it

    May 26, 2021 at 11:46 am

    Hi there it’s me, I am also visiting this site
    regularly, this website is genuinely pleasant
    and the people are genuinely sharing pleasant thoughts.

  21. it dating sites

    May 26, 2021 at 12:54 pm

    I’m gone to say to my little brother, that he should also go to see this web site on regular basis
    to get updated from latest information.

  22. when free dating sites

    May 29, 2021 at 11:13 am

    When some one searches for his essential thing, therefore he/she desires to be available that in detail, therefore that thing is maintained over here.

  23. scoliosis surgery there

    May 30, 2021 at 10:43 am

    I was wondering if you ever considered changing
    the page layout of your site? Its very well written; I love what youve got to say.
    But maybe you could a little more in the way of content so people
    could connect with it better. Youve got an awful
    lot of text for only having one or 2 images.
    Maybe you could space it out better?

  24. it scoliosis surgery

    May 31, 2021 at 3:17 am

    Hello, i feel that i saw you visited my website so i got here to
    go back the choose?.I am attempting to to find issues to enhance my website!I suppose its good enough
    to make use of a few of your ideas!!

  25. free dating sites a

    May 31, 2021 at 10:08 pm

    What’s Going down i’m new to this, I stumbled upon this I’ve
    found It positively useful and it has aided me out loads.
    I’m hoping to give a contribution & help different users like its aided
    me. Great job.

  26. a dating sites

    June 1, 2021 at 1:24 am

    Greetings from Colorado! I’m bored at work so I decided to check out your site on my iphone during
    lunch break. I really like the information you present here
    and can’t wait to take a look when I get home. I’m shocked at how fast your blog
    loaded on my mobile .. I’m not even using WIFI, just
    3G .. Anyhow, fantastic site!


    June 1, 2021 at 3:42 pm

    Excellent article! We will be linking to this particularly
    great content on our website. Keep up the good writing.


    June 1, 2021 at 9:11 pm

    Hi there I am so grateful I found your webpage, I
    really found you by mistake, while I was researching on Askjeeve for something
    else, Regardless I am here now and would just like to say thanks for a tremendous post and a all round interesting
    blog (I also love the theme/design), I don’t have time to
    browse it all at the minute but I have bookmarked it and also added your RSS feeds, so when I have time I will
    be back to read a great deal more, Please do keep up the excellent work.

Leave a Reply

Your email address will not be published.


Rains: NiMet warns of severe turbulence, flight cancellations



The Director-General, Nigeria Meteorological Agency (NiMet), Prof. Mansur Matazu, has said airlines will encounter severe turbulence, flight delays and cancellations during rainfall.
He therefore called on pilots and airline managements to adhere to the weather forecast as the likely severe turbulence could cause discomfort, injury to passengers, instability and even loss of control for small aircraft.
Matazu was quoted in a statement on Friday as saying, “Heavy rains could also lead to skidding of aeroplanes due to surface wetness and impaired horizontal visibility.
“Thunderstorms could also lead to accidents, incidents, flight delays, flight cancellation, death, damage among others.
“Windshear could lead to accidents, incidents, aircraft nosedive, discomfort, aircraft lost control and death.”
The NiMet boss urged airline operators to take weather forecast seriously, stating the turbulence usually would cause poor visibility.
He also called on passengers to be patient with the airlines as flight delays, flight cancellations and flight diversion will be experienced within this period.

Continue Reading


Navy arrests 10 vandals with smuggled 210,000 litres of diesel



Operatives of the Nigerian Navy Ship (NNS) Beecroft have arrested 10 suspected vandals with 210,000 litre of stolen diesel.
The suspects were alleged to have attempted to smuggle the products concealed in water tanks to neighbouring Benin Republic through a wooden boat when they were intercepted around the Lagos anchorage.
A statement released on Friday by Base Information Officer, Sub-Lieutenant Veronica Effiong, said the suspects with the seized products had been handed over to the Nigerian Security and Civil Defence Corps, after preliminary investigations.
She said, “The vandals and seized products were on Tuesday, June 15, handed over to the Lagos Command of the NSCDC for further investigation and prosecution.
“The Commander NNS BEECROFT Commodore Bashir Mohammed reiterated the NNS BEECROFT`s commitment to the protection of critical national infrastructure and the eradication of all illegal activities in its area of responsibility in line with the Chief of the Naval Staff`s mission statement and strategic directive of 2021-5.
“As partners for a safe maritime environment, members of the public especially our host communities are enjoined to kindly furnish the base with credible information to assist in curbing the activities of criminal elements and economic saboteurs.”

Continue Reading


Buhari challenges MTN on quality service, data rate



President Muhammadu Buhari has asked the MTN Group to offer quality service to its Nigerian subscribers at cheaper rates.
He stated this when he received in audience members of the board of MTN Group, led by its President and Chief Executive Officer, Ralph Mupita, at the State House, Abuja, on Friday.
Buhari said, “I congratulate you on your appointment as the Group President of MTN. I wish you all the best.
“Nigeria is your most lucrative market in Africa, Asia and the Middle East as well as the source of a third of the income of the entire MTN Group. As such, we urge you to offer top-of-the-range and affordable services to Nigerians.
“As we seek to make broadband widely available and affordable, we urge MTN to continue to support our efforts by expanding high-quality connectivity to Nigerians in un-served and under-served areas.”
The President also called on MTN to support the implementation of the National Policy for the Promotion of Indigenous Content in the telecommunications sector.
He said, “I recently unveiled and launched the National Policy for the Promotion of Indigenous Content in the Nigerian telecommunications sector.
“I call on MTN to support the implementation of this policy and, train and engage more Nigerians in your company.”
He assured his visitors that his administration was doing everything possible to make Nigeria investor-friendly by addressing identified challenges.

He said, “We have identified and addressed the key challenges that affected the growth of the digital economy sector. I am happy to note that the right of way charges have now been pegged at a maximum of N145/linear metre.
“I have given directives for the protection of critical national infrastructure and this has addressed the issue of vandalism of such infrastructure.”

Continue Reading