Nigerian secondary school will accept crypto payments despite regulatory uncertainty
Sabi’u Musa Haruna, who started working at the school in 2017, and the school director of the New Oxford Science Academy in the Kano suburb of Chiranchi, will allow students to pay their tuition fees in crypto amidst the banning of the country’s central bank financial institutions.
A private secondary school based near the Nigerian city of Kano has announced it will be accepting payments for school fees in cryptocurrency amid the country’s central bank banning financial institutions providing services to crypto exchanges.
According to a Thursday report from local news outlet Kano Focus, Sabi’u Musa Haruna, will allow students to pay for tuition fees in crypto. And urged the Nigerian government to embrace and regulate cryptocurrency, but seemed to imply he would not wait with this latest move.
Sabi’u Musa Haruna said,
“We’ve 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.”
