The Order seeks to:
- Harmonise the regulation of virtual assets across relevant agencies
- Strengthen inter-agency cooperation among financial, revenue, and capital markets regulators
- Protect Nigerian citizens from fraud and illicit activities
- Safeguard the integrity of the nation’s financial system
- Enable responsible innovation in the virtual assets space
The President signed the Executive Order pursuant to Section 5 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended). It takes immediate effect.
