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Court Orders Binance To Release Nigerian Traders’ Data To EFCC


Justice EMEKA NWITE of the Federal High Court, Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission (EFCC) with the comprehensive data or information of all persons from Nigeria trading on its platform.

 

Justice NWITE granted the interim order after ruling on the ex-parte motion moved by the EFCC’s lawyer, EKELE IHEANACHO.

 

The interim order was granted to enable the anti-graft agency to unravel the alleged money laundering and terrorism financing on Binance, a cryptocurrency exchange platform.

 

In the affidavit in support of the motion, an operative of the EFCC, HAMMA BELLO attached to the Special Investigation Team of the commission domiciled in the Office of the National Security Adviser said that the matter was of utmost urgent public interest, and the data provided would enable the commission to accomplish its investigation activities.

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