• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Trade Facilitation: Nigeria Customs, NACCIMA Strengthen Partnership

      Economic Confidential to Host 3rd Public Lecture, Unveil Books on Nigeria’s…

      Luanda Summit: AUDA-NEPAD Taps AI, Green Bonds as it Launches Marketplace…

      Tinubu Jets to Brazil After Japan Summit, Eyes Trade, Security Deals

      Comptroller-General of Customs, Bashir Adewale Adeniyi (MFR), hosted the Executive Chairman of FIRS, Dr. Zacch Adedeji,

      Customs and the “National Single Window” Project

  • National
    • Military Troops during operations

      Niger Speaker Applauds Troops After Latest Intelligence Led Anti-Banditry Operation

      Nigerian Police Force

      Police Nab Suspected Terrorists in Imo, Fake Soldier in Abuja

      DICON and DMG Events to Co-Host AFRIDEX 2026

      DICON, DMG Events to Co-Host Africa Defence Exhibition 2026

      President Bola Ahmed Tinubu

      Tinubu Vows Tech-Driven Development, Food Security, Urges Diaspora Participation

      FG to Spend N750bn on Pension Bond, Expands Free Medical Services…

    • Government
      • DG VON Jibrin Baba Ndace

        Ndace and the ‘Voice’ of Vision By Ahmed Balarabe Sa’id

        President Bola Ahmed Tinubu

        Tinubu Vows Tech-Driven Development, Food Security, Urges Diaspora Participation

        DG VON Jibrin Baba Ndace

        Voice of Nigeria Restores TX2 Shortwave Antenna to Global Service

        ASUU

        ASUU Warns of Fresh Strike Over Unfulfilled 2009 Agreement

        Pantami Foundation Launches Free Phone Repair and AI Training for Nigerian…

  • Security
    • Gen. Christopher Gwabin Musa CDS

      Nigeria Wins Hosting Rights for International Defence Expo 2026

      Group photograph of VP Kashim Shettima, CDS General Musa, Minister Bello Matewale and Africa Chief of Defence Staff.

      Africa’s Defence Chiefs Champion AI, Youth Empowerment in War on Extremism

      Military Troops during operations

      Niger Speaker Applauds Troops After Latest Intelligence Led Anti-Banditry Operation

      Nigerian Police Force

      Police Nab Suspected Terrorists in Imo, Fake Soldier in Abuja

      DICON and DMG Events to Co-Host AFRIDEX 2026

      DICON, DMG Events to Co-Host Africa Defence Exhibition 2026

  • Features
    • DG VON Jibrin Baba Ndace

      Ndace and the ‘Voice’ of Vision By Ahmed Balarabe Sa’id

      Colonel (rtd) Muhammad Mana

      Tribute to Colonel Mohammed Mana: An Officer & Gentleman ​By Sani…

      Gen. Christopher Gwabin Musa CDS

      African Security: Nigeria Leads from the Front By Edward Gabkwet

      CG Custom Bashir Adewale Adeniyi and Zacch Adedeji

      Is Zacch Adedeji Building Bridges for Nigeria’s Revenue Future? By Yushau…

      Army soldiers security

      Mattress of Terror: Can Nigeria Ever Be Truly Secure? By Haroon…

  • State
    • Military Troops during operations

      Niger Speaker Applauds Troops After Latest Intelligence Led Anti-Banditry Operation

      Nigerian Police Force

      Police Nab Suspected Terrorists in Imo, Fake Soldier in Abuja

      Alh. Yushau Shuaib, Brig Gen. (rtd) Chris Olukolade and Mallam Kashifu Inuwa

      NITDA, IMPR Spotlight AI as Driver of Nigeria’s Digital Future at…

      The Northeast Zonal Coordinator of the Centre, Maj.-Gen. Abubakar Adamu (retd.), during a courtesy visit to the General Officer Commanding (GOC), 7 Division, Nigerian Army Headquarters, Maiduguri, Brig.-Gen. U.V. Unachukwu.

      FG, Nigerian Army Partner to Tackle Proliferation of Small Arms

      Troops Repel Boko Haram/ISWAP Attack, Eliminate Scores in Borno

  • Event
    • Alh. Yushau Shuaib, Brig Gen. (rtd) Chris Olukolade and Mallam Kashifu Inuwa

      NITDA, IMPR Spotlight AI as Driver of Nigeria’s Digital Future at…

      DICON and DMG Events to Co-Host AFRIDEX 2026

      DICON, DMG Events to Co-Host Africa Defence Exhibition 2026

      Economic Confidential to Host 3rd Public Lecture, Unveil Books on Nigeria’s…

      President Bola Ahmed Tinubu

      His Death is a National Loss, Tinubu Mourns Emir of Zuru

      Umar Lauya

      Umar Lauya Declares Candidacy for NYCN Presidency, Vows to Unite and…

    • PR Nigeria Award
  • E-Paper
Home Economy Forex crisis: ONSA arrests two Binance executives in Nigeria
  • Economy

Forex crisis: ONSA arrests two Binance executives in Nigeria

By
Prnigeria
-
February 29, 2024
Mallam Nuhu Ribadu National Security Adviser
Mallam Nuhu Ribadu, National Security Adviser, NSA

Forex crisis: ONSA arrests two Binance executives in Nigeria

Two Binance executives — an American and a British- Pakistani — have been detained on the orders of National Security Adviser (NSA) Nuhu Ribadu over alleged involvement in foreign exchange manipulations.

Their names were not made available.

It was learnt last night that the Federal Government obtained a Court Warrant to detain the men for 12 days, pending further investigation by the Economic and Financial Crimes Commission (EFCC).

They were taken into custody at a Guest House operated by the Office of the National Security Adviser (ONSA).

The duo allegedly flew into Nigeria yesterday following the Federal Government crackdown on Cryptocurrency exchange. The government plans to ban Cryptocurrency trading owing to alleged sharp practices through their websites.

 

Speaking on Tuesday after the Monetary Policy Committee (MPC) meeting, Central Bank of Nigeria (CBN) Governor Dr. Olayemi Cardoso, claimed that billions of dollars had passed through the channel from unidentified sources.

 

Read Also:

  • Nigeria Wins Hosting Rights for International Defence Expo 2026
  • Africa’s Defence Chiefs Champion AI, Youth Empowerment in War on Extremism
  • Niger Speaker Applauds Troops After Latest Intelligence Led Anti-Banditry Operation

The CBN boss said: “In the case of Binance, in the last one year alone, $26 billion passed through Binance Nigeria from sources and users who we cannot adequately identify.

 

“We are concerned that certain practices go on that indicate illicit flows going through a number of these entities and suspicious flows, at best.”

 

The NSA has asked Binance to provide the data on its operations in Nigeria in the past seven years.

 

The arrested executives declined a request to delete all Nigerian information from their platform, insisting that they would not do so until they are taken to their (countries’) embassies.

 

Also yesterday, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, clarified reasons for the clampdown on Binance and other cryptocurrency trading websites.

 

He declared that failure to stop Binance will lead to the destruction of the economy.

 

He said: “If we don’t clamp down on Binance, it will destroy the economy of this country. They just fix the rate,” he stated.

 

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Binance
  • FOREX
  • Nuhu Ribadu
  • ONSA
Previous articleFG Launches Social Credit Scheme for Unemployed Graduates
Next articleNEMA Geospatial Center and Disaster Management
Prnigeria
Prnigeria

RELATED ARTICLESMORE FROM AUTHOR

Gen. Christopher Gwabin Musa CDS

Nigeria Wins Hosting Rights for International Defence Expo 2026

Group photograph of VP Kashim Shettima, CDS General Musa, Minister Bello Matewale and Africa Chief of Defence Staff.

Africa’s Defence Chiefs Champion AI, Youth Empowerment in War on Extremism

President Bola Ahmed Tinubu

Tinubu Vows Tech-Driven Development, Food Security, Urges Diaspora Participation

FG to Spend N750bn on Pension Bond, Expands Free Medical Services for Civil Servants

Troops Repel Boko Haram/ISWAP Attack, Eliminate Scores in Borno

Military Troops in Action

Dozens of Boko Haram Terrorists Killed as Military Foils Attacks in Borno, Yobe

NRC Suspends Abuja-Kaduna Train Services After Derailment

reunited 128 rescued victims of bandit captivity with their families in Kaura Namoda, Zamfara State

NSA Cautions Against Politising Insecurity as 128 Hostages Reunites with Families

Maj-Gen. Adamu Laka. image. Google

Violent Extremism: FG Set to Unveil New Counter Terrorism Strategy

The Chief of Defence Staff, General Christopher Musa and Vice President Kashim Shettima, representing President Bola Tinubu at Africa Chiefs of Defence Staff Summit, in Abuja

Tinubu Proposes Permanent Forum for African Defence Chiefs

Group photograph of VP Kashim Shettima, CDS General Musa, Minister Bello Matewale and Africa Chief of Defence Staff.

ECOWAS to Deploy 260,000-Man Counter-Terrorism Force, Pledges $2.5bn Annual Funding

Gen. Christopher Gwabin Musa CDS

General Musa Rallies African Defence Chiefs to Build Homegrown Security Solutions

Recent Posts

  • Nigeria Wins Hosting Rights for International Defence Expo 2026
  • Africa’s Defence Chiefs Champion AI, Youth Empowerment in War on Extremism
  • Niger Speaker Applauds Troops After Latest Intelligence Led Anti-Banditry Operation
  • Police Nab Suspected Terrorists in Imo, Fake Soldier in Abuja
  • NITDA, IMPR Spotlight AI as Driver of Nigeria’s Digital Future at Economic Confidential Lecture
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Nigeria Wins Hosting Rights for International Defence Expo 2026Africa’s Defence Chiefs Champion AI, Youth Empowerment in War on ExtremismNiger Speaker Applauds Troops After Latest Intelligence Led Anti-Banditry OperationPolice Nab Suspected Terrorists in Imo, Fake Soldier in AbujaNITDA, IMPR Spotlight AI as Driver of Nigeria’s Digital Future at Economic Confidential LectureNdace and the ‘Voice’ of Vision By Ahmed Balarabe Sa’idDICON, DMG Events to Co-Host Africa Defence Exhibition 2026Tinubu Vows Tech-Driven Development, Food Security, Urges Diaspora ParticipationFG, Nigerian Army Partner to Tackle Proliferation of Small ArmsFG to Spend N750bn on Pension Bond, Expands Free Medical Services for Civil ServantsTroops Repel Boko Haram/ISWAP Attack, Eliminate Scores in BornoTribute to Colonel Mohammed Mana: An Officer & Gentleman ​By Sani Usman KukashekaYouth Group Launches Digital Hub to Counter Violent ExtremismVoice of Nigeria Restores TX2 Shortwave Antenna to Global ServiceASUU Warns of Fresh Strike Over Unfulfilled 2009 Agreement
X whatsapp