Amid Ban, AGF Malami’s Screenshot Shows Cryptocurrency Icon

The Attorney-General of the Federation and Minister of Justice,
Abubakar Malami’s Twitter deactivation screenshot which he shared
on Facebook listed a major cryptocurrency platform icon on his
mobile phone.

Malami shared the screengrab on Tuesday evening to confirm to
Nigerians that he had deactivated his Twitter account in line with
Federal government’s ban on the social networking app.

The cryptocurrency icon seen on the screenshot is called
LATOKENS. it is a platform for trading crypto currencies.

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 Attorney-General of the Federation and Minister of Justice,
Abubakar Malami’s Twitter deactivation screenshot which he shared
on Facebook listed a major cryptocurrency platform icon on his
mobile phone.

Malami shared the screengrab on Tuesday evening to confirm to
Nigerians that he had deactivated his Twitter account in line with
Federal government’s ban on the social networking app.

The cryptocurrency icon seen on the screenshot is called
LATOKENS. it is a platform for trading crypto currencies.

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.