Presidential spokesman, Bayo Onanuga, has stated that if not stopped, cryptocurrency buying and selling web site, Binance will destroy the Nigerian economic system.
He stated the web site would do that by arbitrarily fixing international alternate price.
Onanuga stated this when he appeared on Channels Tv’s Politics In the present day programme on Wednesday.
“We’ve got saboteurs. Take a look at what Binance is doing to our economic system. That’s the reason the federal government moved in opposition to Binance. Some individuals sit down utilizing the our on-line world to dictate even our alternate price, hijacking the position of the CBN.
“They only sit down and repair something they like. It’s a sabotage and we try to stop that from taking place henceforth.”
Onanuga additional referred to as on Nigerians to halt patronising the parallel marketplace for Foreign exchange charges, including that the web site of the apex financial institution is the one authorized platform.
“The parallel market will not be the actual gauge of Nigeria’s financial well being. The parallel market is an unlawful market.
“I don’t even know why Nigerians and the media are feeding on the parallel market. That’s not the place we must always go; what’s the CBN price? As at Friday, the speed for the greenback was about N1600.”
