FG to detain Binance Executives for 12 days

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More woes for crypto enthusiasts in Nigeria as FG reportedly obtains court warrant to detain Binance executives for 12 days in Abuja.

The Nigerian government has obtained a court warrant to detain two Binance officials for at least 12 days in the first instance, Premium Times is reporting.

While the full identities of the two Binance executives remain sketchy as of press time Wednesday night, Premium Times gathered that one of them is an American & the other a British-Pakistani.

This is following an earlier report by the Financial Times on Wednesday which revealed that Nuhu Ribadu, the national security adviser, detained 2 executives of the Binance crypto exchange platform & confiscated their international passports.

It is reported The meeting was expected to address outstanding issues between Binance & Nigeria, whose officials have tried publicly to blame the raging exchange rate crisis on online trading platforms.

Premium Times reports that the investigation has been consequently taken over by the EFCC

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About Nwankwo Paschal 365 Articles
Nwankwo Paschal is a young and passionate gentleman that likes to explore in different aspects of life. He is an advocate of good governance and will always do everything possible to make sure that the masses get what they deserve from their leaders, through a sound media advocacy. He is currently the leader of 9NEWS NIGERIA reporters in Anambra state and has worked for many organizations as a media director. He is talented when it comes to article writing, blogging, graphic design and many other ICT skills which he possesses. Despite being a medical professional, he still does well in media and publications. His ideology in Media Reporting is, giving you the information that others are hiding from you. You can contact/chat him for News coverages, Information or interviews using: 08135208682 or send an email to ptechcreativity@gmail.com. You can follow him on different social media platforms: follow him on Twitter (@Nwankwopaschal), like his Facebook page (Nwankwo Paschal), follow him on Instagram (@ptechmedia). If you want to be getting all our news updates on WhatsApp, do well to add him up.