A former CEO of Zenith Bank and current Governor of Central Bank of Nigeria, Godwin Emefiele has come under heavy attack in the media over his position on the ban of cryptocurrency in the country.
A video of the apex bank boss is currently trending online where he was explaining the reason for ban on trading of crypto in Nigeria.
The CBN Governor, who appeared before the Joint Senate Committee on Banking, Insurance and Financial Institutions and Capital Market and ICT on Tuesday, noted that banking anywhere is about transparency, stating that Nigerians should be happy about the ban.
He had said, “Cryptocurrency is used to describe the activities of traders in an electronic dark world where transactions are extremely opaque, not visible and not transparent.
“These are people who deal in transactions that do not want to be trailed.
“The definitions of cryptocurrency were scary enough to scare anxiety for any regulator or Central Banker in any part of the world and that is the reason, virtually all regulators in the world did not recognise it.”
His position did not go down well with Twitter users who are currently dragging him, the CBN and Zenith Bank for producing what they tagged as ‘unlearned banker.’
See reactions/video below.
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