Lookout!!!

📣Crypto users in Nigeria, brace yourselves! The Central Bank of Nigeria (CBN) is playing detective, hunting down individuals or entities dealing with crypto exchanges like Bybit, KuCoin, OKX, and Binance. The CBN's weapon of choice? A "Post No Debit" instruction that freezes your account for six months, making withdrawals or payments impossible. This move contradicts the bank's earlier decision to lift the ban on banks facilitating crypto transactions. Why the sudden change of heart? Blame it on the swift devaluation of the naira and a whopping 29.9% inflation rate. Stay tuned for more crypto drama! 💸