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Tag: SiBAN

  • SiBAN expels suspended president, others

    SiBAN expels suspended president, others

    • ‘Allegations false’

    The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) has expelled some high-ranking members, including its suspended president, Obinna Iwuno, over what it described as ‘unauthorised  registration’ of a rival entity.

    This was made known in a statement by SiBAN’s Board of Trustees,which was signed by Emmanuel Babalola, its Secretary of Board of Trustees, and Chairman of the Board, Tony Emeka .

    According to the board, Iwuno and his associates registered a body named “The Registered Trustees of SiBAN” without proper authorization or consultation with the community or leadership.

    “Mr. Obinna Iwuno has unilaterally registered an illegal body named ‘The Registered Trustees of SiBAN’ without proper consultation  or approval by the community or the SiBAN leadership. This act amounts to  fraud,” the statement said. The unauthorized registration reportedly took place on August 17, 2024, while  Iwuno was under suspension as president and a Panel of Inquiry was still in session.

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    The board said   Iwuno appointed himself as Chairman of the new Board of Trustees, with other suspended officials also given prominent roles.

    But,  Iwuno described the allegations as false.

    He said: “All the allegations are false and are coming from a faction of SIBAN that seeks to impose themselves and their selfish ambitions upon our association, seeking to establish an illegitimate undemocratic and criminal system that is alien to our governance process.

    “These people are made up of a faction of sore losers in the last election like Senator Ihenyen, who instead of conceding defeat honorably chose otherwise and still remains embittered. Unregistered members of SiBAN whatsApp group like Chris Ani, Tony Emeka Nwabishop and some who have not shown up anywhere in Nigeria for months like Paul Ezeafulukwe and Emmanuel Babalola”.

    “Some of these people have in the past sought to hijack SIBAN and failed. Such persons are not fit for elected membership nor leadership.”

  • SiBAN mulls agenda for growth of blockchain industry

    SiBAN mulls agenda for growth of blockchain industry

    The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), Nigeria’s foremost self-regulatory body for the blockchain and digital assets industry, has warmly congratulated Dr. Emomotimi John Agama on his recent appointment as the new Director-General of the Securities and Exchange Commission (SEC).

    In a press statement signed by SiBAN President, Mr. Obinna Iwuno, the association expressed confidence that Dr. Agama’s wealth of knowledge and exemplary leadership in the Nigerian capital markets make him the perfect fit for the pivotal role.

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    “On behalf of SiBAN, we extend our warmest congratulations to Dr. Agama on his recent appointment as the Director General of the SEC. We look forward to the positive developments that will undoubtedly unfold under his guidance,” Iwuno stated.

    SiBAN represents a dynamic and collaborative community of blockchain and digital assets industry players in Nigeria. As a key stakeholder, the association has reiterated its commitment to the safety and advancement of the industry, fostering innovation and growth in the digital ecosystem.