Olubukola Akinwunmi, head of payment policy and regulation at the CBN, testified before Justice Emeka Nwite of the Federal High Court of Nigeria, asserting that Binance’s deposit and withdrawal transactions should be reserved for banks and authorized financial institutions.
During the trial, Akinwunmi, led by Ekele Iheanacho, counsel for the Economic and Financial Crimes Commission (EFCC), stated that Binance’s website misled Nigerians into using its platform for naira transactions via a cash link.
