Categories: BusinessNews

Court Mandates Binance to Release Data of Nigerian Users to EFCC

The Federal High Court in Abuja, on Monday, 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 handed down the order 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, stated that 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.

Bello stated that the requested data would help the commission to complete its investigation.

In the certified true copy of the ruling, which was delivered on February 29 but sighted by journalists on Monday, Justice Emeka Nwite granted the interim order.

VOP Lagos

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