Nigerian SEC declare Ban on Binance Exchange activities.

[Rikafip]

It's just a copycat exchange some people created with the (I read this) hope that one day they can sell it to Binance. A weird strategy if you ask me, considering that most exchanges are banned in Nigeria.

Dunno, to me more plausible explanation is that people behind this fake Binance tried to scam Nigerians out of their money, rather than selling this company to Binance. But I agree, weird move indeed,

[PX-Z]

This is too much for Binance, I guess they need to fix their internal affairs before going on with the compliance that's being asked to them in different regions and countries.

While they might admit or not and will have to say that this is another FUD. The image that these news brings to them isn't really good for them and its reputation.

Check the recent news of CZ regarding the binance in Nigeria because its not related to them. It might ring a bell on the binance reputation but after knowing that the "Binance" in Nigeria isn't theirs, it will come to light that it won't affect them in the long run.

[boyptc]

This is too much for Binance, I guess they need to fix their internal affairs before going on with the compliance that's being asked to them in different regions and countries.

While they might admit or not and will have to say that this is another FUD. The image that these news brings to them isn't really good for them and its reputation.

Check the recent news of CZ regarding the binance in Nigeria because its not related to them. It might ring a bell on the binance reputation but after knowing that the "Binance" in Nigeria isn't theirs, it will come to light that it won't affect them in the long run.

I see, that there are cons that have been using their name and the activity of this company is to do fraudulent things. Just as you've said, I've checked it out and it came from Binance's own website and the details were there.

--> https://www.binance.com/en/feed/post/660934

Key Points:

• Binance founder CZ issues a suspension notice to “Binance Nigeria Limited,” a fraudulent entity operating in Nigeria, urging them to cease their operations immediately.
• Nigerian Securities and Exchange Commission (SEC) previously declared the entity as illegal and not registered, leading to Binance’s swift action against it to protect its reputation and warn users against trusting any information associated with the fraudulent entity.