Tinubu signs executive order on virtual assets, establishes council with CBN as chairman

President Bola Ahmed Tinubu has signed an enforcement bid connected Virtual Assets Coordination, 2026.
In a statement, Tinubu’s media bureau connected Friday said the enforcement bid would fortify practice among the nation’s financial, revenue, and superior markets agencies and support citizens from fraud successful the integer ecosystem.

Tinubu said the order, which takes effect immediately, is successful pursuance of Section 5 of the Constitution of the Federal Republic of Nigeria, 1999 (as altered).

“Too often, unregistered and fraudulent operators person exploited these gaps to prey connected unsuspecting Nigerians, costing families their savings.

“The bid is designed to adjacent these gaps done supervisory coordination, without introducing caller layers of regularisation oregon displacing the mandates of existing agencies,” the connection reads.

In a determination to guarantee the implementation of the order, President Tinubu besides established a Virtual Asset Council, chaired by the Central Bank of Nigeria, CBN, with the Nigeria Revenue Service, NRS and the Securities and Exchange Commis...