• 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
    • NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      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

  • Fact-Check
  • Economy
    • FG, States, LGs Share N2.225trn Revenue for August – FAAC

      Nigeria Customs Aligns with Finance Ministry over 4% FOB Policy Review

      Members Board of Directors of Dangote Refinery

      Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

      NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

  • National
    • Sowore vs DSS: Free Speech or Defamation? By Mohammed Bego Abdullahi

      NAF Air Strikes Kill Scores of Terrorists, Destroy Enclaves in Borno

      FG, States, LGs Share N2.225trn Revenue for August – FAAC

      Tinubu Lifts State of Emergency in Rivers, Reinstates Fubara, Legislators

      Crowned Prince Salman of Saudi Arabia

      Saudi Frees Nigerian Pilgrims Framed by Drug Syndicate

    • Government
      • Court Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security…

        Kano’s Corruption Storm: A Test of Media Ethics and Public Relations…

        Sowore vs DSS: Free Speech or Defamation? By Mohammed Bego Abdullahi

        FG, States, LGs Share N2.225trn Revenue for August – FAAC

        ICPC Secures Six-Year Jail Term for Sokoto River Basin Director

  • Security
    • massive cache of logistics

      Troops Intercept 700 Bags of Fertilizer, Drugs Meant for Terrorists in…

      Army Condemns Soldier to Death by Hanging for Killing Tricycle Rider

      NDLEA Logo

      NDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in…

      Police Officer

      Imo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover Arms

      Troops Raid Illegal Arms Factory in Plateau, Arrest Suspect, Recover Weapons

  • Features
    • Kano’s Corruption Storm: A Test of Media Ethics and Public Relations…

      Sowore vs DSS: Free Speech or Defamation? By Mohammed Bego Abdullahi

      A Group of Terrorists/Bandits

      Nigeria Fights Back Against Banditry and Insecurity By Senator Iroegbu

      A Group of Terrorists/Bandits

      Nigeria Fights Back Against Banditry and Insecurity

      Engr. Suleiman Bolakale Kawu Agaka

      Engr. Kawu: A Heroic Homecoming for a Man of the People…

  • State
    • Army Condemns Soldier to Death by Hanging for Killing Tricycle Rider

      Court Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security…

      NDLEA Logo

      NDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in…

      Police Officer

      Imo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover Arms

      Kano’s Corruption Storm: A Test of Media Ethics and Public Relations…

  • Event
    • Chairman NAHCON Professor Abdullahi Saleh Usman meets with Katsina State Governor Dikko Radda

      NAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments,…

      Flier for the programs that happened for the elderly by members of BUKAA FCT

      BUKAA FCT Appreciates Sponsors after Aerobics, Football Exercises

      Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Baze University Management visits TETFUND, Showcases Tech-Driven Growth, National Impact

    • PR Nigeria Award
  • E-Paper
Home Economy ONSA Coordinates Probe into Binance, Others… Cryptocurrency Firms to Face Billion Dollars...
  • Economy
  • National

ONSA Coordinates Probe into Binance, Others… Cryptocurrency Firms to Face Billion Dollars Fine

By
Prnigeria
-
February 29, 2024
nuhu ribadu
nuhu ribadu

ONSA Coordinates Probe into Binance, Others… Cryptocurrency Firms May Face Billion Dollars Fine

The Office of the National Security Adviser (ONSA) in partnershipwith Central Bank of Nigeria (CBN) is coordinating a multi-agency investigation into the operations of Binance and other cryptocurrencies.

PRNigeria gathered that the investigation which involved regulatory bodies, security services, anti-corruption and intelligence agencies is focusing on unravelling those behind money laundering and other financial crimes through cryptocurrencies in disregards to applicable laws and regulations.

The exercise is already achieving result in curbing activities of forex speculators, safeguarding Nigeria’s foreign exchange market and combating speculative activities.

Beyond the recent arrest of two executives of Binance, there are feelers that Nigeria may slam billions of dollars fines on the company and other cryptocurrency firms operating in the country.

The crypto companies were accused of engaging in currency manipulations against the Nigeria’s Naira without underlying transactions, a development which had contributed to the current FX liquidity crisis.

Some of the key law enforcement agencies, involved in the exercise include the Nigeria Police Force (NPF), the Economic and Financial Crimes Commission (EFCC), the Nigeria Customs Service and the Nigeria Financial Intelligence Unit (NFIU) among others.

Read Also:

  • Troops Intercept 700 Bags of Fertilizer, Drugs Meant for Terrorists in Yobe
  • Army Condemns Soldier to Death by Hanging for Killing Tricycle Rider
  • Court Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security Votes

When contacted the Head of Strategic Communicationat ONSA, Zakari Mijinyawa told PRNigeria that the objective of the alliance is to systematically identify, thoroughly investigate and appropriately penalize individuals and organizations involved in wrongful activities within the FX market.,

“The commitment of government through this process is to neutralise all threats to our economic security and stabilise the FX market. The outcomes from this interagency investigation will be made available in due course.”

Recall that the Central Bank of Nigeria (CBN) governor, Mr Olayemi Cardoso, during the press briefing after the Monetary Policy Committee (MPC) meeting held on Monday and Tuesday in Abuja said that the apex bank is currently working in collaboration with law enforcement agencies to tackle the infractions and manipulations going on in the Forex market.

He disclosed that 26 billion dollars was siphoned through Binance in one year alone, adding that all underhand dealings need to be uncovered.

The apex bank boss said “what we are doing at the moment is a collaboration between the CBN and law enforcement agencies to ensure that we understand better what is going on in the market and where these infractions are taking place and are speedily dealt with.
“Now I must say that as far as CBN is concerned, we are moving to a very aggressive regulatory environment where those policies and regulations must be complied with,” he added.

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
  • NSA Ribadu
  • ONSA
Previous articleKaduna Govt Cautions Protesters Against RoadBlocks
Next articleBoosting Youth Inclusivity ‘ll Curb Security Threats – Defence Chief
Prnigeria
Prnigeria

RELATED ARTICLESMORE FROM AUTHOR

Sowore vs DSS: Free Speech or Defamation? By Mohammed Bego Abdullahi

NAF Air Strikes Kill Scores of Terrorists, Destroy Enclaves in Borno

FG, States, LGs Share N2.225trn Revenue for August – FAAC

Tinubu Lifts State of Emergency in Rivers, Reinstates Fubara, Legislators

Crowned Prince Salman of Saudi Arabia

Saudi Frees Nigerian Pilgrims Framed by Drug Syndicate

President Bola Ahmed Tinubu and Minister of Women Affairs Imaan Sulaiman-Ibrahim presenting a cheque to women

Renewed Hope Agenda: Group Passes Vote Of Confidence On Tinubu’s Minister, Imaan Sulaiman-Ibrahim

A Group of Terrorists/Bandits

Nigeria Fights Back Against Banditry and Insecurity By Senator Iroegbu

Nigeria Customs Aligns with Finance Ministry over 4% FOB Policy Review

Troops Neutralise Five Terrorists in Borno, Taraba Operations

Omoyele Sowore and President Bola Ahmed Tinubu

Finally, DSS Files Charge Against Sowore, Twitter, and Facebook over Anti-Tinubu Post

Prof Isa Pantami, former Minister of Communication and Digital Economy

Gombe Tech Training: Pantami’s Call for a Paradigm Shift By Muhd El-Bonga Ibraheem

Members Board of Directors of Dangote Refinery

Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues End

Recent Posts

  • Troops Intercept 700 Bags of Fertilizer, Drugs Meant for Terrorists in Yobe
  • Army Condemns Soldier to Death by Hanging for Killing Tricycle Rider
  • Court Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security Votes
  • NDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in Kano
  • Imo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover Arms
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Troops Intercept 700 Bags of Fertilizer, Drugs Meant for Terrorists in YobeArmy Condemns Soldier to Death by Hanging for Killing Tricycle RiderCourt Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security VotesNDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in KanoImo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover ArmsKano’s Corruption Storm: A Test of Media Ethics and Public Relations By Umar BabangidaTroops Raid Illegal Arms Factory in Plateau, Arrest Suspect, Recover WeaponsSowore vs DSS: Free Speech or Defamation? By Mohammed Bego AbdullahiNAF Air Strikes Kill Scores of Terrorists, Destroy Enclaves in BornoFG, States, LGs Share N2.225trn Revenue for August – FAACICPC Secures Six-Year Jail Term for Sokoto River Basin DirectorNAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments, Promises Easier ExerciseKaduna Police Arrest Two Suspects Over Illegal Possession of FirearmsTinubu Lifts State of Emergency in Rivers, Reinstates Fubara, LegislatorsBadaru Joins Global Leaders at Beijing Forum on Peace, Security
X whatsapp