First Bank Nigeria Plc has closed any account relating to Cryptocurrency in compliance with the directive by the Central Bank of Nigeria (CBN).
In a statement today, February 12, the management of the First Bank said: “in line with the Central Bank of Nigeria directives, please be informed that any account identified as transacting in or operating Cryptocurrency exchanges within our system will be closed accordingly.”
The statement said that the CBN has written the letter: BSD/DIR/GEN/LAB/14/001 dated 5 February 2021, to direct that all banks, non-bank financial institutions and other financial institutions should identify persons and/or entities transacting in or operating Cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately.
“We assure you of our continued support as we thank you for banking with us.”
