In line with the trending news of bitcoin being used to pay for the ransom, we would like all our members to be wary of any person or persons trying to sell/buy bitcoin or Cryptocurrency without KYC.
We are well aware that Fiat has always been used before now for ransom so it's not surprising that unscrupulous elements are beginning to use bitcoin.
Please be careful in dealing with anyone, do your due diligence as police and law enforcement have beamed their searchlights on bitcoin transactions and Cryptocurrencies in general.
Do warn your friends, staffs, colleagues and others to apply caution in their trades and engage best industry practice henceforth.
Lastly please endeavour to report any transaction over the stipulated amount to relevant authorities before the close of the business same day to avoid unnecessary harassment and possible conviction.
Ignorance of the law is not an excuse.
Signed: Paul Ezeafulukwe (President, SiBAN)
cc: All Exchange Hubs in Nigeria and Ghana