.gdpr{position: fixed; top: 0; bottom: 0; left: 0; right: 0; background: rgba(0, 0, 0, 0.7);color: #333;z-index:9999999;line-height:1.3;height: 100vh;width: 100vw} .gdpr_w{padding: 2rem;background: #fff;max-width: 700px;width: 95%;margin: 5% auto;text-align: center;position:fixed;left: 0;right: 0;margin:10% auto;} .gdpr_t{margin-bottom:15px;} .gdpr_t h3{font-size: 30px;margin:0px 0 10px 0;} .gdpr_t p{font-size: 16px;line-height: 1.45;margin:0;} .gdpr_x {position: absolute; right: 24px; top: 16px; cursor:pointer;} .gdpr_yn{margin-top:10px;} .gdpr_yn form{display: inline;} .gdpr_yn button{background: #37474F;border: none;color: #fff;padding: 8px 30px;font-size: 13px;margin: 0 3px;} .gdpr_yn .gdpr_n{background: #fff;color: #222;border: 1px solid #999;} amp-consent{margin-left: 10px;top: 2px;width: auto;background: transparent;} .gdpr_fmi{ width:100%; font-size: 15px; line-height: 1.45; margin: 0; } #footer .gdpr_fmi span, .gdpr_fmi span { display: inline-block; } #footer .gdpr_fmi a{ color: #005be2; } @media(max-width:768px){ .gdpr_w{width: 85%;margin:0 auto;padding:1.5rem;} } @media(max-width:700px){ .gdpr_w{margin:0 auto; width: 85%;} } .gdpr_fmi a:before{ display:none; } .gdpr_w{width:100%;} .f-w-f2 { padding: 50px 0px; } footer amp-consent.amp-active { z-index:9999; display: initial; position: inherit; height:20px; width:100%; } body[class*="amp-iso-country-"] .amp-active{ display: contents; } #post-consent-ui { position: fixed; z-index: 9999; left: 45%; margin-top: 10px; top: 0; } amp-web-push-widget button.amp-subscribe { display: inline-flex; align-items: center; border-radius: 5px; border: 0; box-sizing: border-box; margin: 0; padding: 10px 15px; cursor: pointer; outline: none; font-size: 15px; font-weight: 500; background: #4A90E2; margin-top: 7px; color: white; box-shadow: 0 1px 1px 0 rgba(0, 0, 0, 0.5); -webkit-tap-highlight-color: rgba(0, 0, 0, 0); } .amp-logo amp-img{width:190px} .amp-menu input{display:none;}.amp-menu li.menu-item-has-children ul{display:none;}.amp-menu li{position:relative;display:block;}.amp-menu > li a{display:block;} /* Inline styles */ div.acss138d7{clear:both;}div.acss99d2c{background:transparent url(https://spectacle.com.ng/wp-content/uploads/2024/03/FB_IMG_1709317156618-150x150.jpg) no-repeat scroll 0% 0%;height:150px;max-width:150px;}div.acss6bdea{color:#333333;font-family:Arial;font-size:12px;height:75px;}div.acssdcb8c{background:transparent url(https://spectacle.com.ng/wp-content/uploads/2024/03/FB_IMG_1709758610731-150x150.jpg) no-repeat scroll 0% 0%;height:150px;max-width:150px;} .icon-widgets:before {content: "\e1bd";}.icon-search:before {content: "\e8b6";}.icon-shopping-cart:after {content: "\e8cc";}

Categories: News

Court Ordered Binance to Provide Data to EFCC Over Alleged Terrorism Financing

The Federal High Court in Abuja has mandated Binance Holdings Limited to furnish the Economic and Financial Crimes Commission with comprehensive data on Nigerian traders using its platform.

Justice Emeka Nwite issued the interim directive following the EFCC’s ex-parte motion presented by lawyer Ekele Iheanacho.

“The court grants the applicant’s request dated and filed on February 29, 2024,” Justice Nwite stated. “Binance operators are directed to provide the commission with comprehensive data on Nigerian traders using its platform.”

This interim measure aims to assist the anti-graft agency in investigating suspected money laundering and terrorism financing activities on Binance, a cryptocurrency exchange platform.

A certified true copy of the ruling, delivered on February 29, was made available to the News Agency of Nigeria (NAN) on Monday.

The ex-parte motion, designated FHC/ABJ/CS/259/2024, was filed under relevant sections of the Economic and Financial Crimes Establishment Act, 2004, the Money Laundering (Prevention and Prohibition) Act, 2022, and the court’s inherent powers.

In support of the motion, Hamma Bello, an EFCC operative, stated in an affidavit that the Special Investigation Team received intelligence about suspicious activities, including money laundering and terrorism financing, on Binance.

Bello highlighted the urgency of the matter and emphasized the importance of obtaining the requested data to facilitate the commission’s investigation.

Binance, a prominent cryptocurrency exchange with a global presence, offers a wide range of services catering to cryptocurrency traders and blockchain developers.

JUST IN: Binance Executive Escaped From Custody, NSA confirms

How Can CBN Monitor $26 Billion in Transactions On Binance? - Obinna

The Spectacles

The Spectacle is an online news platform that covers Nigeria. We are your one-stop Nigerian portal for all Nigerian news – politics, education, Opinion and Zamfara current affairs