According to local Nigerian media Kano Focus, the new Oxford University of Technology in Chiranchi, Kano, Nigeria, has adopted cryptocurrency to reduce tuition fees. Principal Sabi'u Musa Haruna stated that this decision was made after proper consultation with parents. In addition, the principal also urged the federal government to accept and formalize the cryptocurrency system as soon as possible.
Isn't cryptocurrency banned in Nigeria? I believe last month only the Central Bank of Nigeria came up with such directive that prohibits financial institutions from dealing in cryptos. If that is the case, then I must say that the Principal has taken a very bold decision going against the tide. Now it's interesting to see how the Government of Nigeria reacts to such steps.