We are well aware about how the government attacked CEX notably Binance last year speaking against them as aiding terrorism and I will continue to remain on my stans that all that happened for them to earn some huge about of fine, thinking they had them in a spot were they had no choice than to pat but rather, they discontinued their service with our fiat naira.
I'm bringing this back, only to bring awareness that neither Cryptocurreny nor bitcoin has being the major aid of fraud and terrorism in Nigeria but rather our naira and other fiat currency used by these fraudsters. This is just a way of the government to shift blame/responsibility, whereas their money laundering are very much done with the naira and other fiat because those things cannot be traced to them easily since they are on paper offline.
Some of the things our government implement are copied from the Western World. I am assuming that the government of Nigeria's claims that cryptocurrencies are used for money laundering and terrorist financing cannot be proven. The government has never brought any evidence to back this claims. If I can remember the Nigerian government attacked Binance immediately after the US government sanctioned the exchange. Maybe the FGN wants to financially exploit the exchange after the US government fined them.
One easy proof you can use to back up this when enlightening others about this, was a trending video during the naira note scarcity and there would be more:
A notorious terrorist leader identified as Kachalla Baleri, has been seen in a viral video displaying wads of new Naira notes amid a scarcity.
In an unverified video released on Twitter by @Edrees4P on Wednesday, February 1, the terrorist, who spoke in the Hausa language, claimed that he had up to N10 million of the new naira notes to buy more weapons.
Regarding the public display for cash by a terrorist in social media. We are all aware that these terrorist have connections government that finance thier activities using cash. The also have access to cash through ransom from kidnaping. Fiat is the easiest and safest means of financing criminal activities that it why these criminals hardly request for crypto as ransom payments..