By Tony Obiechina, Abuja
The Federal Government said on Friday that it has slammed a $10bn fine on crypto trading platform, Binance, over allegations of influencing the country’s forex crisis.
The Special Adviser to President Bola Tinubu on information and strategy, Bayo Onanuga, disclosed this on Friday morning in an interview with the BBC.
At the Monetary Policy Committee meeting in Abuja, the Governor of the Central Bank, Olayemi Cardoso, accused Binance of carrying out over $26bn suspicious transactions in 2023 alone.
Onanuga said the parallel market is not the real gauge of the health of the nation’s economy. According to him, the “parallel market is illegal.”
The presidential aide said speculators are profiting from the weakness of the Nigerian economy, and Binance is a prime suspect. READ ALSO:
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According to him, Binance profited substantially from its “illegal transactions” in Nigeria while the nation suffered huge losses.
