Nigerians trading on the Binance platform may soon be guests of the Economic and Financial Crimes Commission (EFCC).

On Monday, the Federal High Court in Abuja ordered Binance Holdings Limited to provide the EFCC with detailed information on all persons from Nigeria trading on its platform.

The move follows a motion filed by the anti-graft agency demanding details of Nigerians trading on Binance.

An EFCC operative, Hamma Bello, said that the EFCC’s Special Investigation Team received intelligence that money laundering and terrorism funding were carried out on Binance.

His words: “On receipt of the intelligence, the team began an investigation by conducting surveillance of the activities of the platform.

“The team uncovered users who have been using the platform for price discovery, confirmation and market manipulation which has caused tremendous distortions in the market, resulting in the naira losing its value against other currencies.”

Source : https://politicsnigeria.com/breaking-efcc-obtains-court-order-to-track-nigerians-transacting-on-binance/

If the EFCC and CBN would expend half the energy they waste on Binance on politicians, USD/# exchange rate would drop to 500 naira to a dollar.

This is just a media trial here. Soon Efcc will obtain a court order from Nigerians accessing facebook, Twitter and Instagram too. Yeyenatu here. With the huge blackmail and harassment against Binance , Tell me the naira rate against dollar today? Has it it reduced to #1k per dollar niiii? Yeyenatu

SoNature:
If the EFCC and CBN will expend half the energy they waste on Binance on politicians, USD/# exchange rate would drop to 500 naira to a dollar.

they will never do that. They preferred politicians to embezzled the treasury till they finished their tenure. That’s the government system in Nigeria. Efcc is just chasing clout here. They just want to paint Binance and other crypto currency’s firms bad niiiii. Where’s Edu today? We have never heard Efcc investigating Edu. Until the system is sanitised from the head, Nigeria corruption will continue to expand beyond redemption. Efcc is just chasing clout here. Soon they will ban social media apps too

Hahahahahahahahaha... The Nigerian Govt is really funny and its really really funny seeing then clowning themselves. We still remember how the govt went after twitter for promoting terrorism and hate speech and blah blah blah. After fooling themselves for months they shamelessly unbanned twitter after claiming it agreed to meet the govt demands

SoNature:
If the EFCC and CBN would expend half the energy they waste on Binance on politicians, USD/# exchange rate would drop to 500 naira to a dollar.

They are starting from somewhere.
Moreover, do you think politicians don't use binance

Propaganda!
Binance is not in Nigeria. There is no way the court order will work.

SoNature:
If the EFCC and CBN would expend half the energy they waste on Binance on politicians, USD/# exchange rate would drop to 500 naira to a dollar.

The effort has not been a waste. It brought down $ from nearly ₦2,000 to current ₦1,600. If they hadn't stepped up their game like this, naira would be trading at 3,000 to a dollar by now.

Okay

Is this even lawful

We always overdo things over here...

Be like that "Binance" name dey sweet them for mouth.
All these is just to target the youths in the streets... We all know they'll never go after any terrorist or politician using the platform.

Shey wahala never too much like this
#Let the poor breath

The senators padded 2024 budget with over 1trillion naira, we never heard from EFCC regarding the matter those trading on Binance is what they are after. They are sick!

Okay.

I am transacting on crypto.com from my legitimately earned and taxed Naira earnings because I would rather take a gamble on this than leave my funds in a traditional bank account to yield next to nothing and get constantly depleted and debited by the roguish banking system.

Make una come track me tell me my crime.

Lol stupid country with dummy citizens.

Game on.

FG must unravel everyone behind the economic sabotage, money laundering and terrorism financing using the platform .

May God bless Nigeria for ever! Check my signature for free stuffs!

Man102:
[/b]
Source : https://politicsnigeria.com/breaking-efcc-obtains-court-order-to-track-nigerians-transacting-on-binance/

Even that is still high.

It needs to come down to what it was before it started to become "okay"

Exercise in futility. Same EFCC that is keeping mute with the Betta Edu, MDAs, Customs topshots and the Budget padding corruption is the convulsing here. Same thing they did before that didn't stop corruption

Lol shey una get Prison wey go contain up to like Millions of Nigeria Users bkuz una go track tire....


Well I can always prove my funds anytime anyday na who dey into something shady go dey fear....

Wahala wear conva shoe.... One werey boy Don go introduce him politician father, how dem dey buy crypto..... Na only God know how much of Nigeria money dem Don use buy crypto, wey dey chill inside wallet....

Nigeria government no dey spend time on rubbish... They've got a solid lead and something is going to come out of this.... Na money issue

A set of confused people in
government.

Binance is gone, has the Naira
regained value?
.

RenaissanceGuy:
The effort has not been a waste. It brought down $ from nearly ₦2,000 to current ₦1,600. If they hadn't stepped up their game like this, naira would be trading at 3,000 to a dollar by now.

keep quiet.
Yes Olayami Cardoso is trying. But let's grow economy. Average man cannot buy or own house or cars . Job is relatively not available.

press9jatv:
This is just a media trial here. Soon Efcc will obtain a court order from Nigerians accessing facebook, Twitter and Instagram too. Yeyenatu here. With the huge blackmail and harassment against Binance , Tell me the naira rate against dollar today? Has it it reduced to #1k per dollar niiii? Yeyenatu

Everything is a joke to you; joker!!
'Cos you're ignorant of these things shouldnt make you to spew our rubbish!!

Hmm

RenaissanceGuy:
The effort has not been a waste. It brought down $ from nearly ₦2,000 to current ₦1,600. If they hadn't stepped up their game like this, naira would be trading at 3,000 to a dollar by now.

1600 is still too high. I know what I'm talking about.

Shey we wey transact 30$ dey included?? Make I know so I go fit update my playlist with Japa by naira Marley

Werey people. When will efcc receive orders to hunt the people both past and current office holders that brought Nigeria to its knees? Yeye dy smell

press9jatv:
This is just a media trial here. Soon Efcc will obtain a court order from Nigerians accessing facebook, Twitter and Instagram too. Yeyenatu here. With the huge blackmail and harassment against Binance , Tell me the naira rate against dollar today? Has it it reduced to #1k per dollar niiii? Yeyenatu

Don’t be afraid. You only need to cool your heels in their cell if you are involved. They will serve you good food like they give to Kanu. Ignorant ones like you are not needed in this country. You are a waste of space. Naira value has been appreciating since the crackdown on Binance. You should not be afraid if you are clean. I also use Binance and never afraid. If you eat gbi, you die gbi. If you are Yoruba you should know what that means.

Man102:
[/b]
Source : https://politicsnigeria.com/breaking-efcc-obtains-court-order-to-track-nigerians-transacting-on-binance/

By the time they see names now , they go shock say na people wey they not fit investigate.