The Federal Government of Nigeria has detained Binance executives as Nigeria tries to rein in speculation on the naira by cracking down on cryptocurrency exchanges.
The two executives were said to have flew to Nigeria following Nigeria’s decision to ban several cryptocurrency trading websites last week but they were detained by the office of the country’s national security adviser and their passports seized.
Nigeria’s National Security Adviser, Nuhu Ribadu is demanding to see a list of Binance’s Nigerian users since its inception from the detained executives.
Central Bank Of Nigeria Governor, Olayemi Cardoso had earlier revealed that in the last one year alone, $26bn has passed through Binance Nigeria from sources and users Nigeria cannot adequately identify.