Following the arrest of Binance executives, Nigeria allegedly seeks data on the top 100 customers from the cryptocurrency exchange.

After the arrest of Binance executives, Nigerian authorities have reportedly made a request for information on the top 100 customers of the exchange. Nigeria has once again attracted attention due to allegations that local officials are demanding Binance pay a $10 billion fine for manipulating foreign exchange rates linked to the naira currency. It has now been revealed that Nigerian officials are seeking access to the top 100 users of Binance in the country, as well as six months’ worth of transaction history. The Financial Times obtained correspondence between Nigerian officials and the exchange, which shed light on this development. The report also mentions that Nigeria’s national security adviser’s office is urging Binance to settle any outstanding tax obligations. Crypto.news has reached out to Binance for comment on the situation, but no response has been received at the time of writing.
This recent action by Nigerian officials comes after the arrest of two Binance executives, Nadeem Anjarwalla and Tigran Gambaryan, who hold important positions in Binance’s operations in Africa. Reports indicate that the two individuals are being detained without charge, and their phones and passports have been confiscated. It appears that Nigeria is taking these measures in an attempt to stabilize the naira and prevent currency speculation through crypto exchanges. As previously reported by crypto.news, the Nigerian government had instructed telecom and internet service providers to restrict access to several crypto exchanges, including Binance, Coinbase, and Kraken, in a move to address currency depreciation. In response, Binance removed the option to trade the naira on its website.