The Central Bank of Nigeria recently placed a ban on Cryptocurrency in Nigeria, but a private secondary school in Kano, announced that it is accepting Cryptocurrency as a form of payment for school fees, on Thursday.
The school Proprietor, Mr Sabi’u Musa Haruna was addressing newsmesn and journalists in Kano, when he stated that the school management recently took the decision after consultationa with parents and guardians.
Haruna's words were: "We have decided to accept cryptocurrency as school fees because the world today is tilting towards the system."
"We believe one-day digital money will gain more acceptance than paper money."
"The decision is aimed at easing the payment of school fees for the parents."
The CBN had issued a circular to all banks, financial institutions and other establishments banning all forms of cryptocurrency transactions around February this year.
The CBN even threatened harsh sanctions towards any institution found flouting the orders made by the apex bank, but this Kano state school have dared the CBN by accepting school fees in cryptocurrency.
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