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Bitcoin Saves Africa: Nigeria’s Bank Prohibits Foreign Banknotes Deposits by DMBs

“BitcoinCT r:  7 will Save Africa…” were the words of conclusion Tony Fakah (MBA), Head of Data Network Planning and Design at Phase3 Telecom, said during an interview with CoinTelegraphCT r:  22 in his office in Maitama Abuja, Nigeria, on Tuesday November 17th, 2015.
Fighting corruption and stabilizing economy

Tony Fakah works for Africa’s leading independent aerial fibre optic network infrastructure and telecommunications services provider - Phase3 Telecom. The company has a major influence in developing Africa's ICT market as it implemented the Wire Nigeria Project. The project was conceived by the Nigerian Communications Commission to help provide broadband Internet access to rural communities. That is why Tony Fakah knows what problems his nation faces.

The interview discussed the prevailing circumstances plaguing the biggest black nation in the world as it struggles between fighting corruption and stabilizing its economy.

It was an offshoot of the ongoing national debate which hovers around the current “foreign currency policy” by the Central Bank of Nigeria. In the circular released on Wednesday August 5th, 2015 and signed by Olakanmi Gbadamosi, the director of trade and exchange, the central bank said its actions followed recent statements by individual banks suspending the payment of foreign currencies into domiciliary accounts.

http://cointelegraph.com/news/115732/bitcoin-saves-africa-nigerias-bank-prohibits-foreign-banknotes-deposits-by-dmbs

Nigeria have a crazy history with corruption and to make things worst, major oil deposits have been found in that area, so it's natural that the corruption levels will go up. Politicians making these decisions will accept bribes and the easiest thing would be to find a way to get that money out of the country as soon as possible.

They do use other digital / mobile payment methods like M-Pesa, but it's linked to mobile phones and could be traced via the centralized cellphone operators to the corrupt officials.