The Central Bank Governor of Nigeria, Mr. Godwin Emefiele, believes a digital currency is bad for Africa’s most populous country, and only good for terrorists and money launderers.
At least, that’s what he said at a press conference in Washington DC on Sunday at the conclusion of the 2019 World Bank and International Monetary Fund Meetings.
Asked by TODAY NEWS AFRICA‘s Simon Ateba to throw more light into the worldwide acceptance of digital currencies, including by the world’s largest social media network, Facebook, the Nigerian banker wondered aloud what was wrong with the Nigerian currency, the naira.
He said he had heard that digital currencies were being used by money launderers and deadly terrorists around the world.
Emefiele said those clamoring for a digital currency were having ulterior motives, a position that is at odd with many economists around the world, including those leading the World Bank.
Mr. Emefiele, an economist who has been serving as the Governor of the Central Bank of Nigeria since June 4, 2014, after serving in different capacities at the Zenith Bank Plc. is considered one of the icons in the Nigerian banking and finance sector.