Alleged Terrorism financing: Court orders Binance Ltd. to release data to EFCC

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

Justice Emeka Nwite granted the interim order after ruling on the ex-parte motion moved by the EFCC’s lawyer, Ekele Iheanacho.“That an order of this honourable court is hereby made directing the operators of Binance to provide the commission with comprehensive data/information relating to all persons from Nigeria trading on its platform,” the judge ordered.

Bello averred that, following the inauguration of the Technical Committee on Currency Stability and Forex Manipulation by the ONSA, the SIT “received an intelligence stating the nefarious activities on Binance, a crypto currency exchange platform. “That the damage the platform has caused was clearly explained to the operators of the platform and they were requested to delist the Naira and avail the ONSA on the activities of the Nigerians on their platform.

He said it was in the interest of justice to grant the application as refusal of the request woulf largely hamper the commission’s investigation. The National Identity Management Commission has dismissed that its database was compromised as a result of the undersea cable cut, which disrupted the services of banks and telecom operators in Nigeria. This is contained in a statement by the Head of Corporate Communications of NIMC, Mr Kayode Adegoke, in Abuja. The commission assured Nigerians…

AREWA Consultative Forum has faulted the suspension of the Senator representing Bauchi Central in the National Assembly, Abdul Ningi, over his N3.7 trillion 2024 budget padding allegation.

 

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Alleged terrorism financing: Court orders Binance to release data to EFCCA Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with the comprehensive data or information of all persons from Nigeria trading on its platform. Justice Emeka Nwite granted the interim order after ruling on the ex-parte motion moved by EFCC’s lawyer, Ekele Iheanacho.
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