Abubakar Malami, Attorney General of the Federation and Minister of Justice, was caught trading bitcoin, despite the clampdown on cryptocurrency trading by the Central Bank of Nigeria (CBN).
Malami had shared a screenshot of his phone to prove he had deactivated his Twitter account following his statement that anyone caught using the app will be jailed.
There had been allegations against him in some sections of the media claiming he had installed the VPN app to bypass the Twitter ban by the government under which he serves.
On the icon bar of the Attorney’s phone screen, a logo of Latoken, a cryptocurrency exchange firm, was seen. Logo of apps recently used often saturate the top screen – this showed that Malami had recently opened the crypto app.
Mr Reno Omokri, former aide to former President Goodluck Jonathan shared a screen grab from a Facebook page which he said was gotten from Malami’s handle.
He tasked people to verify his claims for themselves, and challenged Malami to deny the contents, even as he lambasted the AGF for being part of a government keeping people away from making a living, while indulging in the same act.
While there are no laws barring citizens from trading bitcoin, Nigerians can’t use their bank account to pay or buy any cryptocurrency, as the CBN has given instruction to financial institutions to close crypto-linked accounts.
It is not known if Malami is using his Nigerian account to trade cryptocurrency, but his involvement in the digital asset – considering his level in the government – raises doubt in the financial regulator’s reasons for not wanting Nigerians to trade the digital coins.
The CBN governor, Godwin Emefiele, had stated that no respectable individual or investor trades in bitcoin or other cryptocurrencies, as he claimed the digital currencies are bought or sold by criminals to finance criminal activities.
Neither the Attorney General nor his media office has said.anythingregarding the accusations, or his position in the cryptocurrency community.
By Fakoyejo Ayodeji…
Join the conversation
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...
INVESTIGATION….N.3bn down the drain: Why water projects for Enugu communities don’t work
In this concluding part, ARINZE CHIJIOKE talks about some of the projects that are serving the people and how various WASH programmes have failed to tackle...
INVESTIGATION…PARKVIEW ESTATE: Exclusive images of how billionaire property developer incurred Lagos govt‘s anger
Many have seen the demolished building, but not many know the circumstances that led to the teardown of the about...
INVESTIGATION… N.3bn down the drain, as Enugu communities suffer from dry taps
In November 2020, three organizations and the Enugu State government celebrated the completion of N300 million worth of projects that were expected...
INVESTIGATION… How herdsmen crisis compounds woes of already deprived Ogun communities
Earlier in January, the Nigerian media space was awash with reports of violence between herders and farmers across the country....