Monday, January 17, 2022

AGF Malami’s screenshot includes crypto trading icon

The administration had previously banned all trading in cryptocurrencies in Nigeria.

• June 8, 2021
Screenshot of Malami’s deactivated Twitter account reveals crypto trading icon

Attorney-General Abubakar Malami’s screenshot shared on Facebook listed a major cryptocurrency platform amongst an array of icons on his mobile phone.

Mr Malami shared the screengrab on Tuesday evening to confirm to Nigerians that he had deactivated his account in line with Buhari regime’s controversial and illegal ban on Twitter.

Mr Malami had threatened on Saturday that Nigerians still using Twitter after a press release announcing a ban on the social media platform would be arrested and charged, even though no law prohibiting such action has been enacted in the country.

Although there were already debates about whether or not Mr Malami’s deactivation of his Twitter account was a violation of the ban order in itself, since he clearly has had to open the platform on his mobile in order to deactivate it, some people are also seeing potential illegality from the crypto icon on his mobile.

The administration had previously banned all trading in cryptocurrencies in Nigeria, saying it was being used to launder money, fund terrorism, amongst other corrupt and nefarious activities.

Banks were also banned from accepting cryptocurrency transactions while some bank accounts that had been used to trade crypto in the past were frozen or restricted.

Although the CBN, which imposed the ban, said it was working to review it, no new guidelines authorising Nigerians to trade in cryptocurrency have been issued.

It was unclear why the attorney-general was running a crypto account. The Nigerian government does not pay salaries in crypto and the AGF is forbidden by law from conducting commercial activities for himself.

Neither Mr Malami nor his spokesman returned a request seeking comments about the crypto icon on his mobile phone Tuesday night.

More from Peoples Gazette

Matawalle and Bandits


Zamfara community storms govt house over persistent attacks despite paying over N200 million ransom

Mr Abdullahi said the community had suffered more than 13 attacks, lost more than 50 persons and have spent over N200 million in the last two years as ransom.

Liverpool Vs Brentford


Liverpool thrash Brentford, displace Chelsea from second spot on EPL log

Liverpool are now second on the EPL log with 45 points in 21 games, displacing Chelsea who had 43 points in 22 games so far.

Bola Tinubu and President Muhammadu Buhari


Buhari should use necessary means to crush bandits, says Tinubu

The APC chieftain, who is aspiring to become Nigeria’s president in 2023, has revved up visitations to politicians in the name of sympathy.

Dopemu Road


Lagos to close Babajide Sanwo-Olu Road for repairs; announces traffic diversions

The traffic diversions and road rehabilitation would last for three months, Lagos transport commissioner said.

Jigawa CP, Aliyu Sale and Bandits


Bandits abduct 15 villagers in Niger; police beg for search tips

Police spokesman in the state, Wasiu Abiodun, in a statement in Minna on Sunday, said the victims were abducted at about 02:00 a.m. on Friday.

A chaotic cable connection


South-East customers bypassing meters, stealing energy too much: EEDC

EEDC warned that if electricity theft was not abated, energy services in the region would be jeopardised.