I had to follow up with this saga too to know what really is happening and now it is obviously clear that the mainstream binance have refuted the claims that they have link or affiliations with binance nigeria limited. This is coming after much investigations by the sec on binance nigeria limited. This organization have been running for a long time now and it seems they have gotten the required publicity they needed but are not what people think they are.
I also followed up the case and find out that Binance have the right to make it publicly that they are not connected or affiliated to the company Binance Nigeria Limited, because they don’t know the exact thing they are doing and therefore they will do all the have to do to protect their exchange.
I know they were having the thought that binance would come to Nigeria and when they come, it would happen that the name is already registered and would have no option than working with the already existing one but they forget that this doesn't work that way. Now that the mainstream has come out publicly to deny knowing or having anything to do with them this is an indirect way of tagging them scammers. These are the things that brings Nigeria to being noted for wrong doings. They wanted to act smart while waiting for the mainstream to come collaborate with them if it happens they want to establish an officie here in Nigeria but now the reverse is the case. They have ended up in doing more harm to themselves and organization as binance has included the word "scam" to their public notification and awareness on their official social media handles and this would cause the problems as the Crypto community would cast doubt on their credibility.
The company wants to act smart to be the people Binance will have to work with since they are claiming their name already, but as it stand now, the company have its owns separate service they are doing which the SEC is warning Nigerians because they know how risky it is to invest in cryptocurrency.
Both the SEC and the Binance will come into conclusion but it will be with full regulation this time because I am having that feelings that Binance exchange will actually be regulated here in Nigeria.