Finally CBN gives the main reason why they put ban on crypto in Nigeria, the fact is there are many bad eggs among the good eggs, online romance scammers are now using bitcoin as their benefactor to cashing out money easily with no traces, read news here
https://www.arise.tv/how-fbi-alerted-nigerias-central-bank-to-scammers-using-cryptocurrencies-to-defraud-the-west/The question is are white people so stupid that they will keep sending money to people they've never meet in real life? Honestly all this defrauding through romance and other ways have been going on since past years now, I expected all this to have come to an halt, the problem isn't even the scammers but people who allowed themselves to be used You have got to be kidding if you really believe that this is the reason for the ban. Yes there may be some bad actors but doing a blanket ban on the future of digital finance because of it is equally bad. Rather they should see how to prevent it.