Representatives begin looking into digital asset transactions including cryptocurrencies.

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The House of Representatives has resolved to investigate the national security implications of the current status of cryptocurrency, blockchain, and other digital asset transactions.
This followed the adoption of a motion by Isiaka Ibrahim (APC-Ogun), during plenary.
Isiaka said that there were growing global concerns about the national security implications of cryptocurrency transactions through cryptocurrency exchanges, including consumer and investor security.
He said these exchanges enable money laundering by criminals and terrorists for their illicit activities. Adopting the motion, the House said it would investigate international money transfer operators, payment gateways and platforms, as well as cloud computing.
The lawmakers said the investigation would identify threats to national security and gaps in legislative framework, statutes, and regulations to the detriment of the country.

Written by: bossgmsi

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The Controller-General of the Nigeria Customs Service, NIS, Bashir Adeniyi, has reported that approximately 120 trucks engaged in the smuggling of food items were apprehended by the service within a fortnight. The Controller-General said this while informing the House of Representatives about the steps taken to secure food access in Abuja on Tuesday. The grains and essential food items were being smuggled to neighboring countries such as Niger Republic, Chad, […]

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