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The Nigerian government has denied allegations of soliciting bribes from Binance amid tax evasion and money laundering charges against the cryptocurrency platform.
CEO of Binance, revealed on Tuesday that unidentified individuals in Nigeria requested roughly US$150 million in cryptocurrency payments within 48 hours to resolve the platform’s ongoing case in the country.
The government asserted that Binance’s allegation is an endeavour by the cryptocurrency exchange to cleanse its tarnished reputation.
Richard Teng, CEO of Binance, revealed on Tuesday that unidentified individuals in Nigeria requested roughly US$150 million in cryptocurrency payments within 48 hours to resolve the platform’s ongoing case in the country.
Teng’s accusation followed the detention of Nadeem Anjarwalla, Binance’s regional manager for Africa, and Tigran Gambaryan, the company’s head of financial crime compliance, in Nigeria on February 28th.
The two executives were detained as part of an investigation related to Binance’s alleged illegal operations in Nigeria and accusations of foreign exchange rate manipulations.
According to a statement by Rabiu Ibrahim, special assistant to the minister of information and national orientation, Binance’s allegation is an endeavour by the cryptocurrency exchange to cleanse its tarnished reputation as an entity that disregards the regulations and laws governing business conduct in sovereign nations. -Business Insider Africa
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