FG reportedly detains two Binance executives in Abuja, demands list of Nigerians on its platform.
Nuhu Ribadu, the national security adviser has detained two executives of the Binance crypto exchange platform & confiscated their international passports, the Financial Times reported on Friday night.
The executives, whose identities were not immediately disclosed, were in Abuja on an invitation from the Nigerian government, the London paper said.
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.
The government also sought disclosure of Nigerians on Binance, according to the paper. However, it was unclear what authority the government relied on to hold the foreign businessmen & the detention could potentially escalate the administration’s desperation amid the scramble to contain the value of the national currency.
A twitter user gathered information from Financial Times (FT) news
According to Financial Times (FT), a UK-based business news outlet, the passports of the unnamed Binance executives were seized.
FT gathered that the executives flew to Nigeria following the country’s decision to ban several cryptocurrency trading websites last week but were detained with their passports seized.
Two senior executives at Binance have been detained in Nigeria.
According to Financial Times (FT), a UK-based business news outlet, the passports of the unnamed Binance executives were seized.
FT gathered that the executives flew to Nigeria following the country’s decision to ban…— oseni rufai (@ruffydfire) February 28, 2024
