Bayo Onanuga, the special adviser to President Bola Tinubu on information and strategy, revealed this development during a Friday morning interview with the BBC. Onanuga asserted that Binance engaged in “illegal transactions” in Nigeria, reaping substantial profits while the nation endured significant losses.
He claimed that Binance, allegedly unregistered and lacking a presence in Nigeria, facilitated arbitrary fixing of dollar-naira rates, negatively impacting the local currency’s value.
Furthermore, Onanuga explained that Binance had cooperated with the Nigerian government by providing information and had already suspended naira-related transactions on its platform.
