Despite the ban on cryptocurrency, the Central Bank of
Nigeria (CBN), a private secondary school in Kano, New Oxford Science Academy,
Chiranchi, on Thursday announced that it is accepting cryptocurrency as payment
for school fees.
Proprietor of the school, Sabi’u Musa Haruna while
addressing journalists in Kano, said the school management took the decision
after consulting parents and guardians.
“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,” Haruna said.
Recall that the apex bank had on February 5,
2021 banned all forms transactions using the cryptocurrency.
The CBN announcement was contained in a circular addressed
to banks and other financial institutions.
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