Sunday, January 29, 2023

Cryptocurrency Ban, And Other Events Over The Weekend

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1. Nigerians, the youths most especially, went into the weekend with another shock of life as the CBN, on Friday, directed banks, financial institutions and non-financial institutions in the nation to stop providing services to the country’s crypto exchanges and close crypto accounts. The ban was contained in a circular published Friday by the CBN, which explained that the move is an extension of the bank’s earlier warnings about the risks associated with virtual currencies.  Since 3 days, the Nigerians have still not come to terms with why the CBN gave the order, despite the CBN gave another explanation that cryptocurrencies are unregulated and breed illegal activities.
Former Presidential aspirant Adamu Garba agreed with the FG, though, introducing Nigerians to other ‘legal and lucrative’ businesses such as cow investment. Meanwhile, Sunday Igboho’s lawyer said the ban will not affect the donations and fundraising set up for the activist – which is majorly done via cryptocurrency.

2. Speaking of Sunday Igboho, KOKO released her 2nd edition of the weekly magazine series, miscroscoping the activities of the Ibadan vulcaniser cum activist, the effect on the Nigerian society, and the editorial opinion of the latest Yoruba hero. Read up here, and don’t forget to leave a comment of your opinion.
3. The weekend was not a joke for the Nigerian youths, as while they were perplexed and criticised the the Federal Government’s order to ban crypto trading, they also demanded that the accounts of #EndSARS protesters be unfrozen. The FG, had, back in October, through the CBN, frozen the accounts of the frontliners of the protests and 3 months after, the youths are still being punished for exercising their rights.
4. Not only was that the reason the #EndSARS movement trended again on social media over the weekend, but the ruling of the Chairman of the Judicial Panel, Justice Doris Okuwobi. Okuwobi had, on Saturday, ruled that the Lekki Concession Company (LCC) repossess the toll gate which has been closed since October, and begin normal operations. The Youths representatives on the panel – Rinu Oduala and Temitope Majekodunmi negated this ruling saying their dissent wasn’t reflected in the ruling. They insisted the toll gate cannot be opened yet as the incidents that led to the closure of the toll gate are yet to be resolved. Ebun-Olu Adegboruwa SAN, another member of the panel also agreed with them, likewise the Nigerian youths.#EndSARS
5. In Entertainment, Wizkid FC sent Twitter into wild as they went so far in their comparison of artistes again, bringing legend 2 Face’s African Queen beside their fave’s Ojuelegba in a poll. This did not go down well with so many tweeps and they wouldn’t have the disrespect, although, Wizkid FC came through for the poll, and named Starboy the winner.


6. Indigenous rapper CDQ has just given his own reaction to the #SilhouetteChallenge which trended in the weekend before the last. According to him, any lady who jumped on that trend is nothing but a prostitute who was only looking for an avenue to manifest. OAP Henrysklue, who is currently on his way to become controversial, however, found CDQ’s statement disrespecting to women, and gave him some lashings. CDQ also fired back, daring anyone to come for him directly over his comment. See the gbas gbos here.CDQ and OAP Henrysklue7. While actress Didi Ekanem advised Nigerian ladies to em,brace hardwork and not give themselves into prostitution, Nigerian businesswoman and communication consultant, Amanda Chisom has placed her two cents on women who date sugar daddies yet and are discreet about it. She simply asked them to own up to their hustle and stop claiming hardwork. You see this life, e nor balance! Destiny Etiko was also attacked for dating an oil mogul with chat receipts everywhere on social media after she bought a new whip and Omoborty lamented ho much hatred exists and resides in the Yoruba sect of the Nigerian movie industry. Mercy Aigbe also bought a new whip, and this got Ruggedman thinking if there was something with the men in the movie industry. “My male actors in Nollywood, what’s going on? It’s just the females that are buying cars and building houses left and right”, he wrote. All of these did not stop Enu Gbe crooner Dotman from releasing his debut album Hakuna Matata, likewise Sola Allyson, her 9tjh album, Isodotun. You see in this Nigerian entertainment sector, wahala never dey finish!
8. The problems in the North and the nation at large is still a major dangling issue in the nation, which still seems to be foggy with no light at the end of the tunnel. While the Emir of Anka, Zamfara blamed poor standards of education on polygamy and urged people to only get married to one wife, Sokoto State Governor, Aminu Tambuwal blamed insecurity issues and the numerous vices on drug abuse. According to him, if the insecurity is not fuelled by drugs abuse, the latter definitely plays a significant role in it. Meanwnile, Abdullahi Mohammed, the son of Bauchi State Governor, Bala Mohammed has called on Nigerians to desist from ethnic stereotyping and tagging, where some ethnic groups in the country are tagged as for certain crimes or wrong vices of the society, ranging from Internet fraudsters, drug peddlers and prostitution.
9. Coming with another shocker for Nigerians, President Buhari nominated his ‘failed’ Service chiefs again as Non-career ambassadors of the nation. It so seems the President has a covenant with the service chiefs, whom he had failed to sack despite all the calls from the Nigerian Senate, groups and individuals. Now, he has sent the names of same persons, alongside retired Defense Chief Abayomi Olonisakin to the Senatye for approval.
Read also: #EndSARS, Celebrities Fight, Insecurity And More Events That Topped The Weekend
10. Finally, the Director-General of the National Council for Arts and Culture (NCAC), Otunba Olusegun Runsewe, has again thrown a jab at Bobrisky, calling on parents to instill African cultures and values in their children and wards so that they will grow to be responsible adults. What exactly is between these 2 men will one day, somehow manifest sha! Governor Babajide Sanwo-Olu of Lagos State, on the other hand, bagged the best Tourism Governor award for his numerous contributions to the growth of tourism within his constituency.
All of these gists and many more are reported on the KOKO.NG website. Don’t sleep on them, catch up all the juicy updates and stay abreast. Do have a great week! Remember, CORONAVIRUS is real, please stay safe out there!!
Also Read:  BBNaija: Ozo Is The Competition, I Wouldn't Want To Come Up Against Him In The Finale - Laycon
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