Binance
The federal high court sitting in Abuja has taken a major verdict on the federal government suit against the Binance executive in Nigeria's detention.
The Cryptocurrency platform, Binance, has reiterated its position that some officials of the Nigerian government demanded payment to clear its case with the Nigeria
Dominic Okafor, the Nigerian lawmaker accused of demanding a bribe of $140 million from top executives of cryptocurrency giants Binance, has threatened legal action.
Binance CEO has alleged that Nigerian government officials demands a significant amount of bribe to be paid in crypto to make its case with the government disappear.
The federal government has opened up on the allegation that some government officials demanded $150 million bribe from Binance cryptocurrency company.
Reno Omokri, a PDP chieftain and ex-presidential aide, has made 1 demand from Binance over a $150 m bribery allegation against the office of NSA Nuhu Ribadu.
The Securities and Exchange Commission (SEC) has said it plans to roll out new rules to regulate the crypto industry in Nigeria and delist naira from P2P platforms.
EFCC has said it has frozen about 300 foreign exchange (FX) accounts to ensure the safety of the market. EFCC said culprits are doing worse than Binance.
Binance executive, Nadeem Anjarwalla, has been arrested by the Kenya police service, and he will be extradited to Abuja, Nigeria, this week by Interpol.
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