FG slams $10 Billion Fine On Binance

The Nigerian government is seeking retribution claims of not less down $10 billion from Binance.

The government has stated that Binance is not officially registered.

The government has confirmed that Binance is actively collaborating by sharing valuable information and has already halted transactions involving the naira on its platform.

Nigeria is, however, requesting Binance to settle a minimum penalty of $10 billion

The investigation is currently in progress.

“I am confirming that the office of the national security adviser, as part of ongoing operations in the foreign exchange market with the CBN and other law enforcement and security agencies, is coordinating an interagency investigation into the operations of Binance,” Zakari Mijinyawa, head of Strategic Communication at the Office of the National Security Adviser.