July 1, 2025
Femi-Gbajabiamila

‎The Speaker of the House of Representatives Rt. Hon. Femi Gbajabiamila has said that there is a need to come up with a legislation on cryptocurrency, which is gradually becoming acceptable all over the world.

The Speaker said the legislation became necessary to regulate transactions involving cryptocurrency for Nigeria not to be left behind.

Gbajabiamila who spoke during a visit by the board of the Nigerian Deposit Insurance Corporation (NDIC) led by its chairman, Ronke Sokefun, said he believed the corporation’s mandate was critical to the financial sector of Nigeria’s economy.

He said the House would structure the corporation to enhance the agency’s statutory functions, saying the House would look at the law establishing the agency to make amendments that would ensure that some of its functions do not overlap with that of the Central Bank of Nigeria (CBN).

“On the issue of cryptocurrency, I think block-chain technology is novel and coming up strong. We don’t want to be left behind “Not too long ago, a group of world leaders, G20 met in Osaka, Japan and one of the issues they discussed was block-chain technology and cryptocurrency.

“They had a sub-group of leaders called the V20 established from that meeting. It’s an assemblage of virtual currency representatives. I think the world is taking the issue of cryptocurrency and block-chain technology seriously. We don’t want to be left behind, and we have to take it seriously.

“The House is ready to work with you on that so that we don’t get left  behind, and within legislation and regulation of block-chain application that will put Nigeria within that rank of advanced technology.

“I’m aware that we trade on different platforms about $12 million on yearly basis in this country, and a lot of these things, as you said, are in the air but not captured. It is time we begin to look seriously at this advancement in technology,” the Speaker said.

On structuring the corporation, the Speaker said “there seems to be a blurry line over some of your functions and that of CBN: some overlapping functions.

“I think we need to structure NDIC so that the lines are clearly defined. I’m sure if that hasn’t happened already, there will be times, if not now but in the future when those grey areas might cause issues between you and the CBN.‎”

Speaker Gbajabiamila also assured that the yet-to-be-constituted House Committee on Banking and Currency would pay adequate attention to the activities of the corporation and that suggestions on how to collaborate with the House would be welcomed.‎

Earlier, the NDIC chairman Sokefun said the visit ‎was to congratulate the Speaker on his emergence and acquaint him with the basic functions of the corporation being a critical player in the Nigerian financial sector.

‎She said the corporation has achieved remarkable success in its 30 years of operations, noting that it was the first public sector institution in Nigeria to receive three international standards certification.

She said NDIC the corporation has been remitting pension and national housing funds, among others, to the appropriate quarters and that it was adjudged the best performing ministerial sector unit by SERVICOM.

2 thoughts on “Gbajabiamila Seeks Legislation For Cryptocurrency.

  1. vibración de motor
    Equipos de calibración: clave para el funcionamiento suave y eficiente de las dispositivos.

    En el ámbito de la ciencia contemporánea, donde la efectividad y la seguridad del aparato son de alta significancia, los aparatos de calibración desempeñan un función crucial. Estos sistemas especializados están desarrollados para ajustar y estabilizar componentes móviles, ya sea en equipamiento manufacturera, medios de transporte de desplazamiento o incluso en dispositivos hogareños.

    Para los técnicos en reparación de sistemas y los técnicos, operar con dispositivos de equilibrado es crucial para garantizar el operación uniforme y estable de cualquier sistema dinámico. Gracias a estas opciones avanzadas sofisticadas, es posible reducir sustancialmente las sacudidas, el ruido y la presión sobre los sujeciones, mejorando la duración de elementos caros.

    Igualmente trascendental es el rol que tienen los sistemas de equilibrado en la atención al consumidor. El apoyo experto y el reparación permanente utilizando estos aparatos habilitan dar asistencias de excelente excelencia, elevando la satisfacción de los compradores.

    Para los titulares de emprendimientos, la financiamiento en unidades de equilibrado y sensores puede ser importante para incrementar la rendimiento y eficiencia de sus equipos. Esto es principalmente importante para los inversores que administran modestas y modestas negocios, donde cada detalle cuenta.

    Por otro lado, los dispositivos de equilibrado tienen una amplia uso en el campo de la fiabilidad y el gestión de calidad. Facilitan detectar posibles problemas, impidiendo arreglos elevadas y perjuicios a los aparatos. Además, los información extraídos de estos dispositivos pueden utilizarse para perfeccionar métodos y aumentar la visibilidad en sistemas de exploración.

    Las zonas de utilización de los sistemas de equilibrado abarcan numerosas sectores, desde la manufactura de transporte personal hasta el supervisión ecológico. No interesa si se refiere de extensas elaboraciones productivas o reducidos espacios domésticos, los dispositivos de ajuste son fundamentales para asegurar un desempeño efectivo y sin riesgo de detenciones.

Leave a Reply

Your email address will not be published. Required fields are marked *