The Central Bank of Nigeria (CBN) has banned Nigerian banks and other financial and non-financial institutions from dealing in cryptocurrency and other virtual currencies, as well as facilitating exchange or trade using virtual currencies.

Read more https://www.businessamlive.com/nigeria-central-bank-bans-banks-from-crypto-virtual-currency-transactions/

The rate at which people are scammed from this is fast increasing,but did they have a way to put food on the table of those that earn a lot from this

This is a bad policy decision and a heavy summersault. They should regulate not ban. Digital payment solution can run concurrently with the fiat. No country should derail the digital age. If they go ahead with this another anti youth policy, the youth can't wait to vote out this government.