Innoson Vehicles Manufacturing Co. Ltd has debunked the viral report on its acceptance of Zugacoin for the purchase of vehicles under the Innoson Group.
The vehicle manufacturer made this known in a statement posted on its twitter handle, noting that there was never an agreement with the founder of Zugacoin, Archbishop Sam Zuga.
Recall that a report went viral some days ago affirming customers can use a Nigerian cryptocurrency “Zugacoin” to purchase vehicles.
The report alleged that the Innoson will accept the coins for any of its products, following partnership deal between Archbishop Sam Zuga of Zugacoin and Chief Dr Innocent Chukwuma on Saturday, March 13, 2021.
In reaction to this, Innoson issued a stern warning to the general public to disregard such information, as the company has not signed any agreement with any organization or entity in that regard.
The Group advised that information suggesting that it adopted Zugacoin did not emanate from it.
Innosson stressed that it is compliant with CBN’s restrictions on the use of cryptocurrencies in Nigeria. It added that Innosson would not take any action that would contravene existing laws and regulations in the country.
The Central Bank of Nigeria (CBN) had placed some level of restrictions on the use of cryptocurrency in Nigeria. This is with a directive to all deposit money banks to close all crypto-related accounts.
