FG detains two Binance executives –ReportTwo senior executives of Binance were allegedly to have been detained by the federal government. The executive officers flew to Nigeria after Binance website was taken down by the NCC in a way Nigeria can not be able to access the website. Although, the site is still accessible through the mobile app.
Charles see eh, this matter go long. I tell you. From what I am reading on the
internet not from official source though, dem talk say the FG dey accuse Binance based on the following -
- Money laundering - FG talk say Nigerians dey pass billions of dollars through the app.
- Tax evasion
- Terrorism and organized crime financing
And as e be now, Binance fit release users data to FG like this. Binance fit comply with FG to release user data based on their Government Law Enforcement Request System wey require them to to submit information requests. In the case of money laundering allegation, dem fir pay big fine just as dem pay for US last year. Remember say for
November 2023, dem Crypto admits to money laundering and dem come pay $4.3bn.
The worse wey fit happen be say FG go tell them to close shop.
We sidon dey observe.