23.1 C
Nigeria
Monday, April 19, 2021

Nigerians React as CBN Governor Comments On Cryptocurrency

Nigerians have taken to the internet to criticize the comments of the governor of the Central Bank of Nigeria, Godwin Emefiele on cryptocurrency.

The CBN governor who has been under attack for calling cryptocurrency ‘money made out of thin air’.

Emefiele in a viral video on Twitter said, “Cryptocurrency is generally regarded as an electronic, digital currency that is issued by largely unknown, unregulated elements using computer codes that are basically meant to encrypt or hide information about both the transactions and the operators. And in a sense, it seems it is money that is created out of thin air. “Put another way, cryptocurrency is issued, rather it is used to describe the activities of players in an electronic dark world, where transactions are extremely opaque.

They are black. They are not white, they are not visible and they are not transparent.” This definition of Emefiele’s has made some Twitter users question his education, his competence and concluded that his capabilities reflect in the current state of the Nigerian economy.

Join any of these WhatsApp Groups to receive Prompt News Update on WhatsApp

Twitter user, Morris Monye said, “I don’t think the CBN Governor fully understands the concept of money. But hey, he can do no wrong. He is the CBN Governor. Lool out of thin air.”

Another, Sammy Sammy tweeted, “Former CEO of Zenith Bank and current CBN Governor, Godwin Emefiele needs to read from a handout to explain cryptocurrency for Nigerians? No wonder the economic policies are based on trial & error.”

Twitter user, Odogwu wrote, CBN Governor Emefiele an Alumnus of Havard talking about Cryptocurrency like an illiterate making it seems like Anti Christ’s currency

Man is talking about dark world when we haven’t had constant light for 60 years, you are worried about the wrong DARK WORLD.”

SHARE YOUR STORY WITH US – SEND US A MAIL: [email protected]

Receive Latest Updates on: WhatsApp: iR News Room, Facebook: Intel Region, Twitter: @intelregion, Instagram: @intelregion Telegram: iR News Room

Read More

JUST IN: APC Governors attacks Obaseki over N60bn money printing claim

The Progressive Governors’ Forum (PGF) has debunked claims by Gov. Godwin Obaseki of Edo that the Federal Government printed between N50 billion – N60...

BREAKING: Many feared dead as 18-sitter bus falls off a bridge in Ondo State (Video)

A yet to be ascertained number of people have lost their lives in an accident that occurred on Sunday afternoon in Owena, involving an...

Workers of Oyo State TV Station (BCOS) tackles Makinde over Government’s plan to demolish their Staff Quarters

Workers of the Broadcasting Corporation of Oyo State (BCOS) has kicked against the move of the Oyo State Government to demolish its staff quarters...

#EndSARS: Mr Macaroni drags Nigerian Police to court over Lekki tollgate arrest

Popular Comedian, Mr Macaroni, has announced that he has taken legal actions against the Nigerian Police for the "injustices" perpetrated on him when he...

I had religious issues before, I now know better – Pantami renounces past comments on Al Qaeda, Boko Haram

Nigeria's Minister of Communications and Digital Economy, Dr. Ali Isa Pantami, has renounced his past controversial comments on terrorist groups including Taliban and Al-Qaeda.https://twitter.com/IntelRegion/status/1313421958080536581The...

JUST IN: JAMB bans parents from following their wards to examination centers

The Joint Admission Matriculation Board (JAMB) has banned parents from following their wards to JAMB examination centers to avoid distractions and congestion.https://twitter.com/IntelRegion/status/1313421958080536581This was revealed...

Despite #EndSARS protest, Man narrates how Police harassed him, forced him to pay N200k in Lagos

A Nigerian man named Oddone has taken to his social media handle to narrate how the Nigeria Police Force still perpetrates injustice in the...

Oyedepo’s Living Faith Church To Spend N160 Billion on New Gigantic Auditorium

The Living Faith Church founded by Bishop David Oyedepo is set to spend over N160 billion to build its 100,000-seater gigantic auditorium, known as...

Latest News

- Advertisement -

YOU MAY LIKE