Nigeria News
Drama as Innoson denies partnership with Zugacoin Cryptocurrency
Innoson Vehicle Manufacturing has refuted the alleged partnership with Zugacoin Cryptocurrency for the use of crypto currencies in purchasing vehicles.
The Head of Corporate Communications and Affairs, Innosen Group, Cornel Osigwe, debunked the allegations on Monday in a statement entitled ‘Re: Nigerian Cryptocurrency to be used to buy Innoson vehicles’.
He stated that the company did not accept zugacoin or any other crypto currency for the purchase of Innoson vehicles or any other products from Innoson Group.
“We did not sign any partnership with any organisation on the use of any form of crypto currency for the purchase of any product from Innoson Group,” the statement said.
Osigwe said the company stood by the Central Bank of Nigeria’s decision that the use of cryptocurrencies in Nigeria contravened existing laws as they were not legal tender.
Latest update on fuel price hike, fuel scarcity for November 22nd, 2024
Full List of 80,000 delisted companies published by CAC
Amended NDLEA Act: Senate approves life imprisonment for drug traffickers, rejects death penalty
Monday Odigie steps down as Bendel Insurance coach
Lewandowski reflects on missed Manchester United transfer
Okoye reflects on Super Eagles return after two years
Probe panel: Ortom defeats Benue state govt at appeal court
Police take action over murder of lawyer Mark Ofikwu in Otukpo
BREAKING: Reps reject bill proposing six-year single tenure for president, governors
BREAKING: Senate approves Tinubu’s ₦1.77 Trillion loan request to address 2024 Budget deficit
Finland arrests Simon Ekpa, four others over terrorism financing