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“Mercy and Iyabo can never fight. They are good friends”- Mercy Aigbe’s ex-husband, Lanre Gentry, debunks claims the actresses are fighting.

Mercy Aigbe ex-husband, Lanre Gentry, has refuted claims that Mercy and her fellow Nollywood actress, Iyabo Ojo, are at loggerheads.

There have been some consistent allegations from social media users that that the actresses who were once best friends and are now sworn enemies.

However, Lanre Gentry has seemingly squashed those allegations.

This afternoon, Gentry shared a TikTok video of Iyabo singing a song by veteran musician, Ebenezer Obey, in which he warned people to be careful of the way they behave.

A social media user then took to the comment section to insinuate that Gentry shared the video to spite Mercy as she is reportedly not friends with Iyabo.

Responding, Gentry stated that Mercy and Iyabo are friends and cannot fight.

See the screenshot below ;

Lovely moment an ‘Egungun’ stopped his performance to kiss his woman (photos)

A man dressed in his Egungun attire has become a social media sensation after he was pictured kissing the love of his life .

The man was in a procession with other masquerades performing a traditional rite when his eyes fell on the woman.

He decided to stop his performance and derobe himself, he then took a picture with and planted a lovely kiss on her lips.

See full photos below ;

“I told you not to come in me” – Whatsapp conversation between MC Lively and the 21-year-old girl he impregnated leaks, made her abort the baby.

Nigerian comedian, MC Lively has joined the long list of celebrities who has been involved in a scandal.

According to trending reports, the comedian impregnated his 21-year-old girlfriend and made her abort the baby.

The reports also alleged that MC Lively has insisted on breaking up with her after she aborted the child.

“Mc lively don give 21years old girl belle,him carry the girl go comot belle with the help of one other guy,after them comot belle,Oga talk say him break up,should I Tule?shey kin Tule??una want the details??i come in peace o,Igi ewedu oni wopawa o”, Blogger gistlover is quoted saying.

Read Below the Whatsapp conversations between Comedian MC Lively and his 21-year-old ex-girlfriend;

Some reactions;

If he wants to continue with his way of life, then he should leave Nigeria – NCAC Director, Runsewe tells Bobrisky

The Director-General of the National Council for Arts and Culture (NCAC), Otunba Olusegun Runsewe, has asked popular male cross-dresser, Bobrisky to leave the country if he wants to continue his way of life.

Runsewe said this while calling on parents to instill African cultures and values in their children and wards so that they will grow to be responsible adults.

According to Runsewe, 29-year0old Bobrisky has constituted a nuisance to Nigerian and African values while misleading other youths, due to a lack of true African values in him.

Bobrisky gifts

He said:

“Do you know that the so-called Bobrisky was going to set up the African Chapter of Gay and LGBT or whatever they call it in Nigeria during his recently aborted birthday party? People from over 70 countries arrived in Lagos for the event.

“They were all at Ikoyi, preparing to launch it. We got a hint of it and had to put a stop to the event. I seized all the food and gave them to IDPs. If they had launched that thing, Nigeria would have been destroyed by now.

“That was how the insurgency started and because it was not nipped in the bud, today we are facing the consequences of our inaction then.

“People said the man called Bobrisky is powerful and that anytime he comes to Abuja, he lodges in a presidential suite on the tenth floor of Transcorp Hilton Hotel.

“But I will not stand and see such a character perpetrate a culture that does not conform to our African values and norms.

“If he wants to continue with that way of life, then he should leave Nigeria. Our culture does not allow such personality in our society. So he should leave Nigeria.”

Nkem Owoh ‘Osuofia’ celebrates 63rd birthday

Veteran Nollywood actor, Nkem Owoh a.k.a Osuofia clocks a new age today.

Nkem Owoh, who attained stardom in the early 2000’s with his comic characters in movies especially in ‘Osuofia’ turns 63 today and he is super excited about it.

The thespian took to his social media page to share a photo of himself with the words ;

Happy Birthday to ME. Join me in this celebration by saying a word of prayer

Kiki Osinbajo replies man who said she used Nigeria’s money to start her skincare business

Kiki Osinbajo, daughter of Nigeria’s vice president, Yemi Osinbajo has fired back at a troll who said she used the country’s money to start her skincare business.

The troll identified as big elephant on Instagram, took to the comment section of her business add post on IG, to accuse her of funding her business with Nigeria’s money.

“Unna use our country money fo business. God dey ohh”, he wrote.

Reacting to this, Kiki Osinbajo fired back, saying;

“Pls I want to know something? People whose fathers are not in government how do they start skincare business? Get off my page with that crap!!!”

Slay King Arrested After Posing With A Car He Purchased With Fake Debit Alert

A Young Man identified as Davison Osagie has been arrested after showing off a Car he bought with a fake bank transfer alert.

The young man fraudulently sent a fake bank alert and decided to show off his loot on his social media page.

He shared photos on Facebook page congratulating himself and his friends had cheered him on without knowing the impending doom.

Luck however ran out on Osagie after the management of the car shop declared him wanted after realizing they had been swindled.

Facebook user, Rose Mary, shared photos of Osagie and wrote ;

This criminal is still at large and very dangerous he is wanted by the Nigerian police 👮‍♂️ two of his friends has been arrested that is also on the photo with him ….and he is currently on the run 🏃‍♀️ he bought a Mercedes Benz that he is currently cruising with a Fake Alert 🚨anybody with useful information please send an Inbox

He has now been caught and handed over to the authorities.

See video below;

“The wrath of God must hunt you for poisoning me for 2 years,” singer, Duncan Mighty, tells his ex-wife

Duncan Mighty is not done accusing his estranged wife and her family members of making attempts to eliminate him.

Recall that a few months ago, he took to Instagram to allege that his estranged wife Vivien connived with her family members to try to inflict him with an illness through diabolical means just so they can inherit his properties.

He further alleged that he has the “confession” recorded and would release it to the public should she or her family members deny the allegations.

He has now come out to call them out again.

He wrote: “Vivian nwakanma and her family you’ve not started running yet if you like run to the moon the wrath of GOD must hunt you people you poisoned my food and bathing water for 2years and 11months but GOD ALMIGHTY stood by me, if you people have succeded in killing me you would have told the world I died of hard drugs but MERÇY SAID NO. The GOD that saved my life hàs heàled me. Wherever you run to people will still recognize you and call you the murderer that you are. I SHALL RECORVER ALL IN JESUS NAME AMEN.”

‪Man shares his father’s response after he mistakenly sent money to his bank account

A Twitter user has shared his father’s funny reaction after he mistakenly sent money to his bank account.

The twitter user identified as @kintsugi revealed that he shares the exact name with his dad on their bank accounts.

And according to him, he wanted to transfer some money into his other bank account.

The twitter user made the mistake of his life, after he mistakenly sent the funds to his father’s account instead.

The man then chatted his father on Whatsapp to find out if he had received any money, only for him to confirm that he received money but said the money has entered “voicemail “.

Sharing the screenshot of the message on Twitter, the young man tweeted; “ I mistakenly sent money to my Pops.We have the exact same name on our account. His response 😪😪😪”

Bride in tears as Pastor refuses to join couple because they arrived 5 minutes late to the church (video)

A supposed joyous and memorable day turned sour after the pastor of a popular church in PortHarcourt walked out the bride for being late to church.

In the footage making rounds online, the congregation of a church alongside families of the groom and bride was left in shock at the pastor’s reaction.

According to an eyewitness report, Pastor Essay Oggory of Fulfilling World Foundation refused to join the couple in holy matrimony after being stood up for only 5 minutes.

The bride who was overwhelmed by the situation burst into tears uncontrollably as members of the church dispersed.

Watch the video below;

“I put my life on hold for 10 years to raise my son” – Shola Ogudu reveals

Wizkid’s first baby mama Shola Ogudu, has replied people who are surprised at how amazing her son turned out.

According to the mother of one, she put her life on hold for 10 years to raise and train her son Boluwatife.

This came after a video of her son advising his fans to be of good behavior went viral on social media yesterday, February 5. “Read here

The proud mom tweeted; “I legit put my whole life on hold for 10years to farabale train my child.. and you’re surprised at how AMAZING he turned out? Lmao!! I’m confused.”

“When a hardworking woman acquires car, Jobless fools tag it to a man” – Destiny Etiko

Nollywood actress Destiny Etiko has reacted after people insinuated that her new car was acquired by a man.

Destiny took to social media to blast people who insinuated that her new car was bought by a man.

According to the actress, in a post and delete, said some “jobless fools” often tag women’s hard work and sucess to a man.

“When a hardworking woman acquires a land, house, or a car, some jobless fools tags it to a man. Lol. It’s really crazy” Destiny said on Instagram.

See the post below;

Actress Abike Olawuni celebrates the arrival of her ‘New Whip’

A Nigerian lady on Twitter identified as Abike Olawuni has expressed her excitement after she got a ‘new whip’.

The lady who is a multi-talented TV Personality and fashion designer could not contain her joy over the arrival of the machine on which she’d bring her designs to life.

Sharing the photos, she wrote ;

I got a new sewing machine todayPleading face permit me to call it “My New Whip” to be honest this means so much to me. Thank God. may the works of my hands continue to flourish.

Always be grateful for the little things of life

See photos below ;

I deserve a drama free life – Professional Actress, Erica writes.

Beautiful Nollywood Actress and reality star, Erica Nlewedim has disclosed her desire to have a drama-free life.

She let her fans in on this disclosure via a tweet on her official page.

The disqualified BBNaija ‘lockdown’ housemate also pledged that she’d cut off any friend that brings her drama.

In her words ;

I deserve a drama free life, from today if you’re a friend, fan or hater and you bring me drama, I cut you off

Randy useless men think i’m trying to get their attention with my Lingerie pictures – Ifu Ennada

Popular Nigerian reality star, Iheme Faith Uloma, otherwise known has Ifu Ennada has yet again lampooned ”Randy useless men” who are camping on her page after she posted sultry photos of herself in lingerie.

Ifu Ennada had shared the photos and while it garnered the expected attention, she made an effort to state that she was not trying to get the attention of useless men.

She wrote ;

Some men are stupid

This Lingerie pictures i post have brought a lot of reaction from different quarters, especially randy useless men who think i’m trying to get their attention.

First of all, i can comfortably house and pay some of your bills.

The fact that i don’t post lifestyle here doesn’t mean i’m broke or not making it in life.

Some of us just keep working and winning in silence for a reason.

Meanwhile, most of the men that make sense aren’t even active on IG. Make everybody respect themselves abeg.

“I got 6 packs and 6 cars” – Peter Okoye brags as he shows off his luxury cars (Video)

peter okoye says

Nigerian singer-songwriter, Peter Okoye also known as Mr. P, has taken to social media to show off his fleet of luxury cars.

Peter okoye says

The former member of defunct P-Square music group bragged about his ripped abs and the number of cars he possesses. According to him, he has 6 packs and 6 cars.

Taking to his Instagram story on Saturday morning, Feb. 6, the singer shared a video of himself taking his fans on a virtual tour of the garage section of his mansion.

From the video, the 39-year-old singer has two Range Rovers, one Mercedes G-Class car and other expensive automobiles.

He said, “what’s up guys? How y’all doing? Happy weekend! Now listen, Mr. P, I got six packs and six car. Check this out”.

Watch the video below;

He also shared a photo of himself posing with his high-range cars.

Peter okoye says

Comedian Cute Abiola breaks down in tears as he celebrates Dad’s birthday (Video)

It was indeed an emotional moment for popular Nigerian Instagram comedian, Cute Abiola as he burst into tears at the sight of his parents during a surprise visit, on his dad’s birthday.

The comedians father turned a new age on February 4th, and he decided to pay his parents a surprise visit in their home to celebrate his dad’s birthday.

Sharing video from the emotional moment he wrote,

“TODAY FEB 4TH (MY HAPPY DAY) I AM SO EMOTIONAL RIGHT NOW.
It’s my dad birthday and I decided to fly to my village to surprise him and my mum 😭 it has been a while. Almost a year now. They had no idea I was going to even come and see them at the moment. No much stories.

“I am happy to see them again. I really cried 😭 cheee! Parents are so powerful. Nothing like 🩸 blood. Thank you both for bringing me in to this world, I promise never to give up and keep making you proud. HAPPY BIRTHDAY DADDY.”

Watch video below,

“So cute together” – Fans reacts as Ozo and Nengi were spotted on a date (Video)

fans gush

BBNaija lockdown housemates, Nengi Rebecca Hampson and Ozoemena Chukwu are currently on top of the Twitter trend table after they were spotted on a date.

Fans gush as Ozo

Fans and shippers of the reality show stars have taken to social media to express excitement at the possiblity of their faves being an item.

Fans gush as Ozo

In the videos making rounds on social media, the duo appeared to be out on a romantic date. In one of the videos, the duo were filmed walking inside a fancy restaurant while Nengi secured a table for them.

Fans gush as Ozo

Another viral video shows them dining and talking in the restaurant.

Watch the videos below,

“See you all in my father’s kingdom” – Man says as he tattoos ‘Jesus Christ’ on his stomach (photo)

A Nigerian man @BrodaSeun has gone viral on social media after he tattooed ‘Jesus Christ’ on his stomach.

The lover of Jesus shared a photo of the tattoo on his Twitter page as he anticipates the coming of Jesus.

“Finally got my tattoo, see y’all in my Father’s Kingdom if you wish”. he tweeted.

However, Seun’s post stirred mixed reactions on the micro-blogging platform. Netizens condemned him for getting a tattoo as they claimed it’s against the teaching of Christ.

Critics noted that he’s not meant to get a tattoo as a Christian while others argued that the person he tattooed on his body is not Jesus Christ, but English actor, Robert Powell best known for the title roles in Jesus of Nazareth.

A Twitter user, @Dique_Money wrote, “Leviticus 19:28 Ye shall not make any cuttings in your flesh for the dead, nor print any marks upon you: I am the LORD”.

@man_like_flex wrote, “My question now is, why get a tattoo of Robert Powell???
Shey na your papa abi na your uncle?”

See other reactions below,

“I don’t have a girlfriend because I’m scared of women” – Actor, Zubby Michael

36 year-old Nollywood actor and movie producer, Zubby Michael, has opened up on why he does not have a girlfriend.

The actor made this revelation in an exclusive interview with Vanguard Newspaper, while answering a question on how he handles his female fans.

“I avoid them, this is because I am scared of them. In this type of career that I ventured into, you must be careful and avoid women. It’s not that I don’t like them. The journey needs total focus and hard work. Honestly, I don’t have a girl friend.”,/blockquote>

Speaking further, Zubby revealed he dumped his successful business in Onitsha to venture into acting.

In his words,

“I came to see a friend, Solomon Amaco when they were shooting a musical video. I wasn’t there to be part of the production, but to have a drink with them. Later, I was given the role of a gate man in the movie, “Missing Rib’ starring Ramsey Nouah and Tonto Dikeh as the lead characters. But when I featured in my second movie, ‘The Generals” starring the likes of Jim Iyke, Mike Ezuruonye, Uche Jombo among others, my story changed.

“I was a successful businessman. I was driving Mercedes 190 back then in 2007. And I used to buy drinks and share money among my Nollywood friends. They were using my car to pick the likes of Jim Iyke from the Airport. That was how the big filmmakers in Asaba came to know me.”

“She too like man body” – Trolls drag BBNaija’s Lilo for passionately hugging Joeboy at his album listening party (video)

trolls drag lilo

Reality TV star, Lilo Aderogba has been dragged after a video of her passionately hugging singer, Joeboy, at his album listening party surfaced online.

Trolls drag Lilo

The 23-year-old released his debut album, “Somewhere Between Beauty & Magic” on Thursday, February 4. He held an album listening party and Lilo was in attendance.

There have been speculations that the duo are romantically involved because Lilo was recently spotted in the studio with the singer.

Trolls drag Lilo

The pair has again stirred mixed reactions from Netizens after the video of them hugging went viral. While some fans affirmed that they looked good together, others slammed her for being too cozy with the “Nobody” hitmaker.

Watch the video below,

See some of the reactions,

simamanecordelia wrote,

“Whatever it is as long it makes her happy. Enjoy life is tooooooo short.”

_s.h.e.l.a.h_ wrote,

“They shud just date already 😍.”

dereal_olajumoke wrote,

“I love this movement @liloaderogba ❤️❤️😍 you’re so cute darling”

See screenshots of the trolls’ comments below,

“Movie producers refuse to work with me because I came out as gay” – Actor Uche Maduagwu reveals

Controversial Nigerian actor, Uche Maduagwu who recently came out as gay, has alleged that Nollywood producers have refused to work with him since he opened up about his sexuality.

The actor who made this claim also revealed that he’s on the look out for a billionaire boyfriend as his valentine date.

Taking to Instagram he wrote, “My valentines date must be a billionaire man with big cassava. being gay is happiness. some movie producers refuse to work with me because i came out as gay in Nollywood”.

Meanwhile, Uche recently took a swipe at Christians condemning gays and homosexuals.

The controversial actor opined that Jesus was not against homosexuality in the new testament, so Christians shouldn’t as well.

He argued that Christians should tackle their pastors for having expensive properties when their church members are poor instead.

He wrote,

“Being #gay is an honor and a beautiful life #jesus never condemn gay people in the new testament so if you a good christian you wont too or can a servant be greater than his master.

Criticize your G.O for having private jet when millions of his #church members are poor and unemployed, criticize them for collecting tithe during covid19.”

Davido reacts as lady tattoos his face and his children on her back (Video)

davido reacts

Nigerian music executive, David Adeleke known as Davido, has reacted with utmost shock after a female fan tattooed his face and that of all his children on her back.

Davido reacts

It seems the latest craze of fans in the entertainment world is getting a tattoo of their favorite celebrities.

Recall that a staunch fan of Bobrisky tattooed the face of the controversial crossdresser on her back, which earned her an all-expense paid trip to Dubai, a brand new iPhone 12 and other mouth-watering rewards.

It was also reported that a female fan of Naira Marley got a fresh ink of the singer’s face on her thigh.

A die-hard fan of the DMW boss has also taken to her Instagram page to share a video of her freshly done tattoo of Davido and his three children.

Fortunately, the video caught the attention of the singer, who reposted the video on his Instgram story.

The self-acclaimed Omo Baba Olowo acknowledged the fan’s love for him with an exclamatory expression.

Sharing the tattoo video, Davido wrote, “Ahhhhhhhh.”

Davido reacts

Watch the video below,

Moment rapper, Ikechukwu proposed to his girlfriend in London (video)

ikechukwu proposed

Nigerian rapper, Ikechukwu Onunaku has taken to Instagram to share the video clip of the moment he proposed to his fiancée in London.

Ikechukwu proposed

Recall that the actor announced his engagement to the love of his life on Friday, November 27, 2020. He shared an heartwarming video of the beautiful engagement ring on her finger and wrote “SHE SAID YES”.

Ikechukwu proposed

Months down the line, Ikechukwu has finally released the beautifully documented video of the proposal. He proposed in London with the Tower Bridge in the background.

He also made a voice-over explaining every single moment in the video.

Ikechukwu proposed

Fans and well-wishers have taken to the comment section to congratulate the couple.

Watch the video below,

In other news, Ikechukwu Onunaku celebrated his woman with beautiful words on her birthday.

Recall the former Mo’hits affliate just recently unveiled his lover to the world while declaring he could no longer keep her in the shadows.

The rapper shared a lovely photo with her and wrote ;

To the Beauty that tamed the Beast,
The Queen that completed this King,
A very special happy birthday to you .
May the good Lord continue to bless, guide and guard you for us. May u continue to make me better as do I for u.
May everything you touch manifest in goodness and success.
Happy birthday mama.
Its not a birthday yo its a birthweekend. Hope u loving it

Mercy Aigbe gets brand new Range Rover as belated birthday gift (Video)

Popular Nollywood actress and successful businesswoman, Mercy Aigbe is still receiving birthday presents months after her birthday.

The mother of two who turned 43 on new years day, January 1st 2021 was gifted with a brand new Range Rover HSE worth millions of naira, by a friend as a belated birthday gift.

The excited actress took to her official Instagram page to announce the luxury the gift,

“So few days ago @gleeoflife said to me that she would like to host me today for my belated birthday since I wasn’t in town during my birthday, little did I know what she had in store for me!”. She captioned the video.

Watch video below,

Meanwhile, it was an emotional moment for popular Nollywood actress, Mercy Aigbe as younger colleagues, which she groomed in the industry organized a second surprise birthday party for her.

The talented actress celebrated her 43rd birthday on January 1st and her junior colleagues honoured her with another surprise birthday 17 days after.

Upcoming actresses who Mercy has counseled and groomed in their career, celebrated her birthday a second time with a huge cake and cash gift.

Davido gifts 10-year-old saxophonist N500k for playing ‘Jowo’ perfectly (video)

Davido gifts

International music act, David Adeleke popularly known as Davido, has rewarded a 10-year-old saxophonist with the sum of N500,000 for playing his track ‘Jowo’ marvelously.

Davido gifts

The video was shared online by an Instagram blogger and it quickly went viral. The youngster was lauded by social media users and celebrities alike for her incredible talent.

DAVIDO GIFTS

The teenager, identified as Temilayo Abodunrin, was noticed by the music executive, who in appreciation of her talent gifted her N500K.

According to Temilayo, the singer sent her a private message and requested for her account details. In few minutes, her bank account was credited with the money.

Davido gifts

Confirming the payment, she wrote,

“I was also very shocked when @davido sent a dm
Send your account details and in less than 10min….. Alert 🚨
Please I want to meet @davido and specially say a BIG THANK YOU.
I AM SHORT OF WORDS
@kingtundeednut is no doubt a King with a heart of Gold.”

Watch the video below,

Domestic Violence: Lil Frosh detained by police since Thursday, awaiting trial (video)

Former DMW signee, Lil Frosh who recently assaulted his ex-girlfriend, Gift has allegedly been rearrested by the police and awaiting trial.

According to popular Instagram blog, Instablog, “Lil Frosh was invited by the police and has been chilling in their custody since Thursday, February 4, 2021”.

The singers colleagues and friends have also taken to social media to call for his release.

Zinolesky took to his Instagram story to share a photo of Lil Frosh and captioned, “Free my bro, God is with you bro”, alongside a crying smiley.

Watch video below,

Recall that in October 2020 Davido Music Worldwide (DMW) former signee, Lil Frosh was accused of constantly beating his girlfriend to a pulp.

He was called out on Twitter by a young man who identified himself as his girlfriend’s brother and manager.

According to the man with twitter handle @MayoksMichael, Lil Frosh has been physically abusing his sister for about a year and has brought nothing but pain, horror and disaster to her.

He stated that the artiste would lock her up in a room, beat her to pulp then pour water on her. Further adding that he would sometimes record a video of her naked and threaten to post it online.

”I don’t like wahala, if you have a serious girlfriend, avoid me” – Lily Afegbai warns men.

Actress Lilian Afegbai has asked men who are already in a relationship to ”please avoid her” because she does not want ”wahala”.

She sent the note of warning while advising women to be wise when they find out they have a cheating partner.

In an apparent reaction to the sad story of the makeup artist who was killed by her boyfriend’s lover, Lilian via her stories told ladies that a man who loves his woman would never put her in uncomfortable positions.

In her words ;

This is why when i see a man trying to act funny, confused or shady, i just block.

I don’t like wahala, ladies, a man that loves you won’t even put you in some unpleasant situations.

No man is worth killing anybody over, if he cheats on you and even allows you find out then just take a walk.

Most times, it is the man lying to the other girs he’s single, most times, the lady doesn’t even know about you.

If you have a serious girlfriend, please avoid me, i don’t believe in that bullshit evberybody is taken.

My man would be taken by only me. PERIOD.

”Do not sleep with men for money. It’s a miserable lifestyle”- Actress Didi Ekanem tells Ladies

Actress Didi Ekanem has advised ladies against sleeping for men with money as it is a miserable lifestyle. Didi gave the advice via her Instastories.

Her post read ;

Dear young women, i understand the pressure to become successful early in life.

I also understand that some of you are carrying the burden of your family. But i beg of you, in all you do,
do not sleep with men for money. It’s a miserable lifestyle.

Trust me, if you work hard, there are men who would help you without sleeping with you.

If you don’t have a job, start a business, people are always watching and the good lord would raise men to support your business.

Nigerian Government has removed the ‘fear of hell’ from Nigerians – Rapper, Erigga.

Popular Rapper, Erigga has opined that Nigerians are not longer scared of going to the biblical place of after-life torture, Hell.

According to Erigga, this lack of fear is largely due to the way the Nigerian Government handles the country.

He wrote on Twitter ;

Na Nigerian government make Nigerians no dey fear HELL … I mean can it get any worse???

His comment comes barely 24 hours after Nigeria’s APEX Bank implemented a new policy that prevents financial institution from engaging in Crypto-Currency transactions.

The regulator prohibited all financial institutions from facilitating crypto currency payments in the country.

DMBs, NBFIs and OFIs to identify persons and entities transacting in, or, operating crypto currency exchanges within their systems to close such accounts immediately.

In the letter, the CBN referenced a circular it issued in January 12,2017 ref FPR/DIR/GEN/CIR/06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs)and other financial institutions (OFIs) as well as members of the public on the risk associated with transactions of crypto currency.

“Further to earlier regulatory directives on the subject, the Bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency is prohibited,” the statement reads.

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