ENDSARS
#EndSARS: Presidency to ensure that a repeat of protests does not happen
President Muhammadu Buhari said he will ensure the #EndSARS protests do not happen again.
President Muhammadu Buhari said he will ensure Nigeria does not see a repeat of the #EndSARS protests, as all stakeholders would be carried along in the future to maintain peace.
According to Channels, this was disclosed by the Minister of Police Affairs, Mohammad Dingyiadi, after a National Security Council (NSC) meeting with the President on Tuesday.
READ: #EndSARS: Freezing of accounts may trigger further protests – Tunde Bakare
“Mr. President assures Nigerians that he will do whatever it takes to ensure that a repeat of the #EndSARS protest does not occur in Nigeria again.
“Mr. President assured that all stakeholders will be involved in the process of maintaining peace in the country, particularly the youth, community leaders, traditional rulers, politicians, public servants, religious leaders, etc.
READ: #EndSARS: Lagos Police Command asks youth to desist from any protest
“The Federal Government will continue to maintain its democratic, humane, and just postures in handling security matters in the country.
“What we are saying is that government will continue to dialogue, listen, and carry all stakeholders along in ensuring that there is no repeat of what happened that led to the destruction of both public and private properties,” Dingyadi said.
READ: CBN, NDIC to set up bridge bank for struggling financial institutions
What you should know
Nairametrics reported this month that President Muhammadu Buhari announced the protests cannot last indefinitely and called on youths to dialogue with the government and engage in comprehensive reforms.
”Every successful protest movement the world over has understood that there comes a time when activity must move from the street to the negotiation table. That time for you has come. Do not be afraid of this reality. You should welcome it,” the President said.
READ: Over 1 million have applied for the N75 billion Youth Investment Fund – Buhari
READ: #EndSARS: It is time for the painful and costly task of reconstruction and rehabilitation – Osinbajo
Business
ICPC Chairman reveals #EndSARS protests was financed with cryptocurrency
ICPC Chairman has revealed to the Nigerian Senate that the #EndSARS protest was largely funded with cryptocurrency.
The Chairman of Independent Corrupt Practices and Other Related Commission (ICPC), Bolaji Owasanoye has revealed to the Nigerian Senate that the #EndSARS protest was largely funded with cryptocurrency.
This is as he said there are strong indications that it could be used to fund Insurgency in the country.
According to a report from Vanguard, this disclosure was made by the ICPC Chairman, during an interactive session with Senate Joint Committee on Banking, ICT, Cybercrime and Capital Market led by Senator Uba Sani on Tuesday, February 23, 2021.
READ: ICPC uncovers N9.8 billion Government money hidden in Aso Savings
The Joint committee was mandated to look at the decision of the Central Bank of Nigeria (CBN) to ban Cryptocurrency in Nigeria.
The ICPC boss while supporting the position of the CBN, said that the nature of operations of Cryptocurrency exposes it to money laundering and terrorism financing.
Meanwhile, the Nigerian Financial Intelligence Unit (NFIU) has said that the agency averted a $3million fraud linked to 20 bank accounts.
READ: ICPC moves against NDDC top management over corruption allegations, quizzes directors
Owasanoye further explained that the anti-graft agency currently has a number of cases linked to Cryptocurrency but is unable to track the suspects.
He brought the attention of the Senate to a period in 2018 when a number of globally rated financial institutions said their financial statements had been hacked with the perpetrators asking to be paid in Cryptocurrencies.
ICPC Chairman noted that the CBN as a regulator has the responsibility to ensure sound financial stability and it will be difficult to achieve in the case of Cryptocurrencies where the players are anonymous.
While sharing the experience of the Indian Supreme Court and how it ruled and admitted that it does not know what it is, he urged the Lawmakers to as a matter of urgency, take decisive action against Cryptocurrencies.
READ: Most powerful financial leader takes side with CBN, says Bitcoin is untrustworthy
What you should know
- It can be recalled that the CBN had directed the financial institutions to immediately close the accounts of such persons or entities transacting in or operating cryptocurrency exchanges, warning of severe regulatory sanctions in the event of any breach of the directive.
- The apex bank warned the Deposit Money Banks, Non-Financial Institutions and other Financial Institutions against doing business in crypto and other digital assets.
- The latest directive is coming after the CBN had in 2018 stated that cryptocurrencies are not legal tender and as such are illegal.
ENDSARS
#OccupyLekkiTollGate: Lagos Attorney-General explains large police presence at Lekki toll gate
Lagos Attorney-General has stated that the State does not support the abuse of peaceful protesters.
Omolola
November 19, 2020 at 4:14 pm
Failed government, shame on you Buhari, a Sanwoolu, may God punish you people