Cardoso says $26bn from unknown sources passed through Binance Nigeria in one year

The Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has revealed that a whopping $26 billion was moved by unknown sources through Binance Nigeria in one year.

Binance is an online exchange where users can trade cryptocurrencies.

The platform has been flagged in several countries including UK, Japan, Canada and Singapore for flouting regulatory framework and causing disruptions in the currency market.