Following the alleged illicit transaction totalling about $21bn by Binance Holdings Limited, Justice Emeka Nwite of the Federal High Court, Abuja has ordered the cryptocurrency exchange platform 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 money laundering and terrorism financing allegations leveled against Binance.