Binance, a popular cryptocurrency platform, says some unknown persons in Nigeria demanded huge payments in digital currency to make their problems in the country “go away”.top executives of Binance as part of a probe bordering on illegal operations in the country and foreign exchange rate manipulations.
Speaking on Binance’s issues with the Nigerian government, Teng detailed how the world’s largest cryptocurrency exchange tried to engage with the authorities, including a meeting on January 8 in Abuja, where it was confronted with criminal allegations. “The meeting ended with the Chair confirming they would consider the matter and revert through Binance’s local counsel.
“Later that day, our local counsel — representing us at that time — was summoned by the Committee through someone purporting to be their agent, who relayed the Committee’s terms and instructed our local counsel to advise us.“Counsel reported back that he had been presented with a demand for a significant payment in cryptocurrency to be paid in secret within 48 hours to make these issues go away and that our decision was expected by the morning.
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