BREAKING: President Tinubu Orders CBN to Monitor All Crypt0currency Transactions Nationwide

BREAKING: President Tinubu Orders CBN to Monitor All Crypt0currency Transactions Nationwide

NEWSFLASH — Sele Media Africa

Reported by: Suzan Daniel

In a bold new directive, President Bola Ahmed Tinubu has instructed the Central Bank of Nigeria (CBN) to begin tracking all cryptocurrency transactions across the country, citing rising concerns over fraud, money laundering, and the misuse of digital assets for illegal activities.

According to sources close to the presidency, this move is aimed at tightening financial regulations, protecting the economy, and ensuring that digital finance does not become a loophole for criminal exploitation.

CBN officials argue that the decision aligns with global financial security trends and is necessary for economic stability. However, the directive has sparked mixed reactions among Nigerians and tech enthusiasts.

Critics warn that the surveillance might invade users’ privacy, stifle blockchain innovation, and discourage crypto adoption, which many young Nigerians have embraced for empowerment and financial independence.

This development comes amid increasing global debate on how governments should regulate decentralized digital currencies without suppressing innovation.

As questions swirl — “Is this a protective strategy or another form of financial control?” — Nigerians await further clarity from the CBN on implementation.

Sele Media Africa will continue to follow this story closely.

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David Joshua Oliver

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Oliver David Joshua is a seasoned media professional with a passion for impactful journalism and strategic leadership. As the Managing Director and Editor-In-Chief of Sele Media Africa, he oversees the organization’s editorial vision, ensuring high standards of truth, balance, and bold reporting. Known for his sharp editorial eye and commitment to excellence, Oliver plays a key role in shaping the voice of Sele Media Africa across the continent. His leadership continues to drive innovation, credibility, and growth in Africa’s digital media space.

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