Lekki Protests: Nigerians Pinpoint CBN Ban On Crypto As Factor Behind Fresh Lagos Protests

0
0
(0)

Fresh waves of protests have hit the very sensitive site of  Lekki Toll-gate, Lagos, where the famous anti-police protests broke out and escalated in October 2020.

On Saturday morning, several reports surfaced online earmarking signs of a fresh outbreak of protests and Nigerians on micro-blogging media, Twitter, have fingered an instigating factor.

Before dawn, armed policemen could be seen in a footage shared by Fisayo Soyombo, with the journalist commenting in the clip, “You can see they are packed every where.”

________________________________________________________________
>Do You Want To Receive Update As Soon As We Publish? join our Telegram Channel stay updated with the latest headlines--CLICK HERE
______________________________________________________________

The protest which had been premeditated was dubbed Occupy Lekki Toll Gate, with the proposed reopening of the toll billed as the provocative factor but that has been proven otherwise.

DJ Switch, a Nigerian public figure who became popular after streaming the live events of the October 20 shootings and was reportedly shot herself in the process, endorsed the fresh protests on her official Twitter page, citing the ban of crypto as a major motivation.

Mitrobe reported earlier in the week that the Central Bank Of Nigeria had effectively discontinued any form of business association between licensed financial institutions, which includes bank, and crypto exchanges.

Although this did not criminalise, illegalise or outrightly ban the venture, it restricted any form of transaction to P2P, eliminating the popular third-parties.

The edict turned out ill-timed as Nigerians were still reeling and seething from other supposedly hawkish laws meted out including the short-noticed NIN registration.

The subsequent regulation against Crypto proved the final nail in the coffin in a relationship between government and citizen that has turned frosty and in a state of cold war over an extensive period of time.

Several other social media influencers also shared an unanimous agreement with DJ Switch, citing the ban on crypto as a step too far.

The ban could however be rescinded, as the Nigerian Senate summoned CBN governor, Godwin Emefiele, on Thursday, February, 11, for questioning.

 

◊SPONSORED ♦

◊ Order Ultimate Virtual Soccer Hacks and Secretes to Win 150k Daily --CLICK HERE

◊Register Your Business Name and Company With CAC and Get it in less than 2 weeks--CLICK HERE

◊ Get Free ₦1,000 plus 5% - 15% interests on savings and over 35% return on investments: Create a Free Account on PiggyVest --CLICK HERE

◊Join the Best P2P Crypto Exchange site REMITANO, Get Up to 33% Off remitano.com Deals/Orders --CLICK HERE
____________________________________________________________________

How useful was this article?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Leave a Reply