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Nigeria's restriction on crypto exchanges including Binance aims at slowing crypto speculation activities in the country.

Also arrested were two murder suspects, Idara Aniefiok Amos ‘m’ age 29yrs of No. 22 Asuquo Asuquo Street, Calabar, and Njama Meshak ‘m’ age 26yrs information received from Kayang 1 Community, Boki LGA, who attacked and murdered two residents of the community with a machet.

The reasons for this lack of action are often unclear, but political considerations may be a contributing factor. The lack of political will to investigate cases of impunity in Nigeria can be attributed to various factors, including potential backlash or conflicts of interest. In some instances, influential individuals or groups can exert undue influence over the investigative process, making it difficult to hold them accountable for their actions. Additionally, resource constraints and bureaucratic red tape often hinder the investigation, making it challenging for investigators to gather the ...

To stop the continuous manipulation of the foreign exchange market, the FG is thinking about shutting the websites of Binance and other cryptocurrency companies.

The Special Adviser on Information & Strategy to President Bola Tinubu, Mr Bayo Onanuga has called on the Economic and Financial Crimes Commission (EFCC) and the Central Bank of Nigeria (CBN) to move against platforms trying to manipulate the naira through crypto exchange platforms.   Onanuga, gave the advice in a statement he shared on his X (formerly Twitter) handle on Wednesday. He also suggested that Crypto channels should be banned in the country, otherwise, "this bleeding of our currency will continue unabated".