CBN Appoints Inspection Agents for Non-oil Exports
The Central Bank of Nigeria (CBN) yesterday announced the appointment of Pre-shipment Inspection Agents (PIAs).
The appointed agents already approved by the Finance Minister Mrs. Kemi Adeosun, are Cobalt International Services Limited, which will operate in South-West and Carmine Assayer Limited to operate in the North-West, North-East and North-Central. Also appointed is Neroli Technologies Limited to operate in South-South and South-East.
The CBN in a circular to all authorized dealers, the Nigeria Customs Service, Terminal Operators and the general public said the appointment is on temporary basis, pending the appointment of new agents, or whenever their services are no longer needed.
The CBN also warned Nigerians against investments in cryptocurrency, stressing that virtual currencies are not legal tender in Nigeria. The CBN reiterated that cryptocurrencies such as Bitcoin, Ripples, Monero, Litecoin, Dogecoin, Onecoin, among others and exchanges such as NairaEx were not licensed or regulated by the regulator.
The statement signed by the bank’s Acting Director in charge of Corporate Communications, Isaac Okorafor, emphasised that dealers and investors in any kind of crypto currency in Nigeria were not protected by law, thus may be unable to seek legal redress in event of failure of the exchangers or collapse of the business.
The CBN therefore warned Nigerians against investing in cryptocurrency as doing so would be at their own risk.
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