EFCC Gets Order To Track Nigerians Transacting On Binance.
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 disclosed this following an ex parte motion filed by the EFCC demanding information about Nigerians trading on Binance.
In the affidavit filed in support of the motion an operative of the EFCC, Hamma Bello, said, the Special Investigation Team of the commission domiciled in the Office of the National Security Adviser received intelligence that money laundering and terrorism financing were carried out on Binance and requested data would help the commission to complete its investigation.
In the certified true copy of the ruling, which was delivered on February 29, Justice Emeka Nwite granted the interim order, while, Binance is an online exchange where users can trade cryptocurrencies.
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