- Adamu Garba has aired his view on the cryptocurrency business and it appears he is not a fan
- According to the former presidential aspirant, cow business is a safe and better option
- The controversial businessman was reacting to CBN's directive to banks to close accounts of persons or entities involved in cryptocurrency transactions
- Nigerians have strongly condemned Garba for advocating for "cowtocurrency" which according to him is the real deal
A former presidential aspirant, Adamu Garba, has stated that investing in cow business is better than getting involved in the cryptocurrency business.
In a post shared on his Twitter page on Friday, February 5, controversial businessman said cow business boasts of huge returns on investment.
This was in reaction to the directive from the Central Bank of Nigeria (CBN) to all banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems.
He wrote on Twitter:
In a separate tweet, Garba said CowtoCurrency is the real deal.
Garba's tweet has fetched him harsh criticisms from Nigerians who have taken to their social media pages to express their views.
"World Richest man and the owner of this app Endorse Crypto, Your government said they don't want it. Ode Adamu Garba also said Bitcow over Bitcoin. Everyday the country is moving 10 times backwards. Leaving Nigeria is not traveling, it's Escaping."
Oluwaseun Damilare Adebayo with the Twitter handle @holuwadray commented:
"Wetin you dey expect from person wey dem name Adamu Garba? Tueh."
"Adamu Garba be condemning crypto but I am sure as hell he trades the hell out of it lowkey. And someone needs to tell that didirin that we all can't be "cow ranching" since that's the only advice he has for us. Adamu behaving like Adamu."
"Cow ranching business is more lucrative than all cryptocurrency business combined- Adamu Garba 2021. I'm not even crying right now."
Former vice-president Atiku Abubakar is one of the many Nigerians that have criticised CBN's move to close accounts of those involved in cryptocurrency transactions.
Legit.ng reported earlier that he advised the President Muhammadu Buhari-led administration not to shut down cryptocurrency business.
According to him, the sector should be regulated instead of an outright shutdown.