Government demanding from Binance the lists of its Nigerian users

[Mate2237]

There is very big argument on ground now that, federal government is asking Binance to give the top 100 Binance users and they the federal government will release the arrest Binance staff and right now Nigeria Government is not talking amount the #10 billion naira fine that they asked Binance before again and all their focus right now is the Nigerians that are using Binance. So if you are still using Binance, you better go and remove your account details from the exchange because the pressure Nigerian government is giving to Binance to give them users is very high. And that has been on the discussion for some days now. And that is the only condition for the release of the Binance staff.

And Binance told the government of America and UK that their citizens will go back to their country safety.

[cabron]

There is very big argument on ground now that, federal government is asking Binance to give the top 100 Binance users and they the federal government will release the arrest Binance staff and right now Nigeria Government is not talking amount the #10 billion naira fine that they asked Binance before again and all their focus right now is the Nigerians that are using Binance. So if you are still using Binance, you better go and remove your account details from the exchange because the pressure Nigerian government is giving to Binance to give them users is very high. And that has been on the discussion for some days now. And that is the only condition for the release of the Binance staff.

And Binance told the government of America and UK that their citizens will go back to their country safety.

So this is like a hostage situation where the Nigerian government is asking $10B for their dispute. The government accused them of devaluing the naira for an illicit flow of funds because of the p2p. As I've read, the Binance executives were brought to a guesthouse after meeting the Nigerian officials, and their security agency guards this house. To which their phones and passports were taken from them.

They have been there for 2 weeks now, I'm sure this has to do with their negotiations.

[Y3shot]

Why ate goverment not demanding for the list of past and present leaders that have stole good amount of public funds. Their are some politicians that are stealing goverment funds are walking freely and the goverment have not come out to say anything about them. Goverment needs to work and forget about binance, because all this will not help them. They should look for a better way how To make things better for them.

[Charles-Tim]

Tinubu’s government seeks fresh court order to keep Binance officials in detention

President Bola Ahmed Tinubu’s government has approached an Abuja magistrates’ court for an order to extend the detention of two Binance officials, Tigran Gambaryan, a U.S. citizen, and British-Kenyan Nadeem Anjarwalla. After the expiration of the first court order to detain the duo on Tuesday, “Economic Financial Crimes Commission has asked a chief magistrates’ court in Abuja to extend their (Mr Gambaryan and Mr Anjarwalla) detention while investigations continue,” Reuters reported on Thursday citing sources familiar with the case.

Copied from https://www.intelregion.com/news/tinubus-government-seeks-fresh-court-order-to-keep-binance-officials-in-detention/

[Fivestar4everMVP]

FG detains two Binance executives –Report

Two senior executives of Binance were allegedly to have been detained by the federal government. The executive officers flew to Nigeria after Binance website was taken down by the NCC in a way Nigeria can not be able to access the website. Although, the site is still accessible through the mobile app.

The federal government are demanding to see a list of Binance Nigerian users since the exchange inception, a person familiar with the matter said.

Sorry but this is a half baked cake, and we all know how a half baked cake thirst, but this is bygone anyway.

The Federal government, actually tinubu himself is the one who demanded to see the top 100 Nigerian users of Binance, and their transactions, the government did not ask to see the entire list of Nigerian Binance users...
So, if you are a Binance user, there is absolutely no need to start panicking, except you are a billionaire and you use Binance p2p frequently before the feature was taken down, because I am very certain that the top 100 Nigerian users of Binance p2p were billionaires and still are.

I think tinubu is just over doing himself, and I honestly do not blame him, people I blame are those advising him, for I am sure that tinubu himself knows nothing about crypto currencies or how it all works before this whole saga started.

But all the same, it's just a matter of time and all this will die as usually, and we all won't even remember things like this happened.

[SmartGold01]

FG detains two Binance executives –Report

Two senior executives of Binance were allegedly to have been detained by the federal government. The executive officers flew to Nigeria after Binance website was taken down by the NCC in a way Nigeria can not be able to access the website. Although, the site is still accessible through the mobile app.

The federal government are demanding to see a list of Binance Nigerian users since the exchange inception, a person familiar with the matter said.

But wait a bit what is their reason for demanding for binance to reveal their Nigerian users since from binance was launched till date, is this normal or do they want binance to pay homage or damage abi task since they started operation in Nigeria?
Because sometimes you go shock say Binance go still pay them money and if them pay we no go see am any place na only dem to sidephone the money share am among themselves because I believe say wetin dis government come do na to share and to finally finished the country.

[Charles-Tim]

Chambers of Digital Commerce said Binance officials detention is unlawful and demand response of the United States president

We know this will definitely lead to what is happening now. See what Chambers of Digital Commerce said about Nigeria detention of Binance officials which I definitely know that one of the two or both of them are US citizens:

This incident demands a robust response from the United States. We call upon President Biden and the U.S. government to employ every diplomatic measure to ensure Mr. Gambaryan’s immediate release. The unwarranted detention of Tigran Gambaryan is more than a legal issue; it is a matter of national dignity and the protection of American citizens worldwide. We stand in solidarity with Mr. Gambaryan and his family during this trying time and urge swift action to rectify this grave injustice.

To read about it, you can click on this link:
https://digitalchamber.org/urgent-call-to-action-american-citizen-and-crypto-sector-worker-kidnapped-by-nigerian-government/

[Gozie51]

Baba Tinubu don dey take style dey near fire wey go burn am soon. Sometimes I go dey think say if those two binance guys na nigerians with the way wey naija government take carry moral still hold them and still dey seek for extension of their detention. Them say na fly wey no dey hear word dey follow dead body enter grave.

Him don dey pass boundary. It is okay to make your investigation and leave the workers to go and then if him get something wey him find out against binance then him make it formal through the court and not to dey do dem as if dey are common criminals without no right like as dem dey take treat poor Nigerians.

We still dey watch as things dey unfold with this Naira exchange rate, na so dem close aboki FX, now binance while dem dey pack dollar wey pack suppose dey sell put for their save or sell them give BDC people, how the exchange rate no go high.

[Charles-Tim]

Court orders Binance to release data of Nigerian users to EFCC

A Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform.

The court handed down the order in an ex-parte motion filed by the EFCC demanding information about Nigerians trading on Binance.

Copied from https://punchng.com/court-orders-binance-to-release-data-of-nigerian-users-to-efcc/

[Makus]

Court orders Binance to release data of Nigerian users to EFCC

A Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform.

The court handed down the order in an ex-parte motion filed by the EFCC demanding information about Nigerians trading on Binance.

Copied from https://punchng.com/court-orders-binance-to-release-data-of-nigerian-users-to-efcc/

This one wey EFCC don enter the matter e mean say, Dem wan really arrest those users, e don dey really clear now say na their intentions be that. But my problem with this issue na besay, them don already succeed disable their fiat from binance so wattin Dem wan still use the name of those p2p traders do. Abi them dey plan to task them? Or place fine for their head? But one thing dey sure, as far as say them dey this desperate to collect those name e just mean say them wan either arrest them like the BDC and then, fine Dem.

[Dailyscript]

There is very big argument on ground now that, federal government is asking Binance to give the top 100 Binance users and they the federal government will release the arrest Binance staff and right now Nigeria Government is not talking amount the #10 billion naira fine that they asked Binance before again and all their focus right now is the Nigerians that are using Binance. So if you are still using Binance, you better go and remove your account details from the exchange because the pressure Nigerian government is giving to Binance to give them users is very high. And that has been on the discussion for some days now. And that is the only condition for the release of the Binance staff.

And Binance told the government of America and UK that their citizens will go back to their country safety.

So this is like a hostage situation where the Nigerian government is asking $10B for their dispute. The government accused them of devaluing the naira for an illicit flow of funds because of the p2p. As I've read, the Binance executives were brought to a guesthouse after meeting the Nigerian officials, and their security agency guards this house. To which their phones and passports were taken from them.

They have been there for 2 weeks now, I'm sure this has to do with their negotiations.

Seriously, the Nigerian government is demanding $10B for what? This is so crazy. The government is fucking criminals; they are busy doing all this to extort money from Binance. After increasing the amount of money for a local exchange to start up their business. They still want huge amounts of money from the exchange for the damage they themselves caused.

No doubt there is a conspiracy here, and I am beginning to suspect those Binance officials to be helping the government. Obviously, they are receiving some of the best treatment in the custody of the government. I am not surprised that the government has given them beneficial options if the money comes out. Ah God this our country eh.

[Doan9269]

FG detains two Binance executives –Report

Two senior executives of Binance were allegedly to have been detained by the federal government. The executive officers flew to Nigeria after Binance website was taken down by the NCC in a way Nigeria can not be able to access the website. Although, the site is still accessible through the mobile app.

The federal government are demanding to see a list of Binance Nigerian users since the exchange inception, a person familiar with the matter said.

All these are happening so that we may learn and know why we need to be away from the use of centralized exchanges, the government can regulate anything as they wish, but in this case, am not sure they have the jurisdiction of making demands for the list of kyc information's of all its traders, business isn't scared of the Nigerian government for anything, all we expect from them is just a strict non compliance to the request, they have to work on their own economy and not the binance business or platform, if they do so, are they still going to go round other platforms or exchanges demanding same.

[Charles-Tim]

This one wey EFCC don enter the matter e mean say, Dem wan really arrest those users, e don dey really clear now say na their intentions be that. But my problem with this issue na besay, them don already succeed disable their fiat from binance so wattin Dem wan still use the name of those p2p traders do. Abi them dey plan to task them? Or place fine for their head? But one thing dey sure, as far as say them dey this desperate to collect those name e just mean say them wan either arrest them like the BDC and then, fine Dem.

I do not know what there plans are but I know that it is not something good. This also shows how incompetent our leaders, regulators and other government officials are. They saw the way but prefer just to go the wrong road all because of something not useful but to carry out their useless investigation. Instead of the government to make it mandatory for Binance to have office in Nigeria and tax them as people that are using them, they just prefer what they have been doing that makes Nigeria not to have good economy. They have the power but they do not have the brain that can help this country to move forward.

[EL MOHA]

I do not know what there plans are but I know that it is not something good. This also shows how incompetent our leaders, regulators and other government officials are. They saw the way but prefer just to go the wrong road all because of something not useful but to carry out their useless investigation. Instead of the government to make it mandatory for Binance to have office in Nigeria and tax them as people that are using them, they just prefer what they have been doing that makes Nigeria not to have good economy. They have the power but they do not have the brain that can help this country to move forward.

Seriously I still find this awkward that the only thing Nigerian government can think of is actually just charging this binance entity to a ransom only. When I heard of bitcoin officials in Nigeria i thought they will use the opportunity to get a Nigerian base own binance entity like the binance.US, tax the corporation and also in future should they think of taxing the citizens in cryptocurrency they could get a handful of them through binance. But no they want a ridiculous amount for whatever reason.

It still baffles me that they think binance will allow them get access to customers details, if this leaks binance isn’t only going to lose customers in Nigeria but all over the world because every user will be aware that each country government can get the KYC of their children when they want.

[Bright0515]

I must admit Nigerian government are confused set of people. So what the hell do they want to do with Nigerians using binance or do they or are they trying to steal from this angle now there are better things to do and live these whole shit.

Anything wey Nigerian government put body no dey work out them wan come cast binance now instead of looking for a way forward to fix the bank issues we are facing in this country they still want to come and cast the one and reliable system of exchange we have now.

[Zanab247]

Court orders Binance to release data of Nigerian users to EFCC

A Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform.

The court handed down the order in an ex-parte motion filed by the EFCC demanding information about Nigerians trading on Binance.

Copied from https://punchng.com/court-orders-binance-to-release-data-of-nigerian-users-to-efcc/

If binance owner is not careful with Nigeria government, they will make binance to pay some of huge amount of money before they will release his workers, I believe this court order will make binance owner to find solution to ensure the plan of the government will not work.

 I know that binance will never give the government the names of the Nigeria traders to the government because, they will take advantage of that to reduce all those traders to nothing in the country by using court order to collect the money from them.

[Coyster]

A Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform.

Crazy to say the least, at this point e dey very clear say our government no even know wetin dem dey do nor do they even plan before dem take a particular direction. If dem get facts about some users wey dem believe say dey use Binance take launder money or to finance terrorism, then make dem approach Binance with details of their investigation and request for details about such users, but it is crazy to order Binance to give you the data of ALL Nigerian users whom have traded on their platform. I don't see any reason why Binance should honor this request.

[Igebotz]

Court orders Binance to release data of Nigerian users to EFCC

A Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform.

The court handed down the order in an ex-parte motion filed by the EFCC demanding information about Nigerians trading on Binance.

Copied from https://punchng.com/court-orders-binance-to-release-data-of-nigerian-users-to-efcc/

The NG is looking for terrorism sponsors since they believe the most of the transactions took place on Binance. They already have suspects and full names, and they are expanding their investigation to Binance.

Honestly, if the identities of the suspects they have are found on the list they are demanding, Binance will be involved in another money laundering shit.

[AYOBA]

I don't even understand this our government's decision after he announced that it is going to ban binance, and the users are not to complain about that since the government tries to explain that binance is making the dollar rise, and that's why the cost of goods is increasing. But I didn't believe with his statement since not all marketers are deal with the dollar when it comes to purchasing their goods from retailers. I even wonder how the things be coming worsted, it is very obvious that Binance is not stable in low prices.

But I know that all these issues can most come to an end since one day the federal government will settle with the binance users, Even though the government was saying that it has given the federal high court Holder right to bring out the list of binance users, I don't think that can be possible.

[Obim34]

For some months now, the issue of Binance and our Nigerian government has been getting very heated, since the NGN got delisted from Binance we have been using a diverse means to trade.
As of yesterday, a decision was made by the High court towards Binance, ordering them to release comprehensive users data to the Authorities but it seems Binance are not yet giving in and would like to appeal. Is getting very heated now, if it finally ends and the court refuses taking back their order, do you think Binance would have to simply comply?