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Business News of Monday, 7 June 2021


Stanbic IBTC Founder, Atedo Peterside, criticises President Buhari over Twitter ban

Founder of Stanbic IBTC, Atedo Peterside Founder of Stanbic IBTC, Atedo Peterside

The founder of Stanbic IBTC, Atedo Peterside, has criticised President Muhammadu Buhari's administration for the ban placed on social media firm, Twitter.

The Federal Government had criticised Twitter for deleting one of President Buhari's tweet which was considered a violation of the social media's rule against violence.

Following rising attacks on police station and buildings of electoral agency, Independent National Electoral Commission (INEC), President Buhari released a statement on Twitter, threatening a punishment similar to the civil war.

This led to criticism from Nigerians who reported the tweet to Twitter. The tweet was deleted, and in response to the decision, the government banned Twitter's operation in Nigeria.

FG's decision has been heavily criticised by Nigerians, with the Stanbic IBTC founder being the notable name from the private sector to condemn the ban.

Peterside said Buhari's administration is quick to make negative actions that hurt Nigerians, but slow on making decisions that uplift many Nigerians or make positive actions.

He made this in a statement on Twitter: "On Twitter ban, an emerging narrative is that FGN is phenomenally quick on negative/wrong actions that will hurt many Nigerians, whilst being slow on positive/correct actions that might uplift many Nigerians. Re 2023, we know the kind of Presidency that we do not want."

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