Bitcoins Not Legal Tender in Nigeria, NDIC Warns

The Nigeria Deposit Insurance Corporation (NDIC) has warned members of the banking public on the danger of digital currencies like Bitcoins, saying they are not legal tenders in Nigeria. Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim, gave this warning at the NDIC Special day at the Lagos International Trade Fair. Represented by the Director/Claims Resolution Department,…