Tag: Tilewa Adebajo

Nigeria Hits Binance with a $10 Billion Demand Amid Forex Manipulation Claims

Crypto Schemes tamir - March 2, 2024

The Nigerian government has leveled a staggering $10 billion demand against crypto giant Binance, accusing the firm of engaging in currency speculation and rate-fixing activities that contributed to the naira's dramatic depreciation. Over recent months, the Nigerian currency has plummeted by nearly 70% in value, a situation the government attributes to manipulative financial practices.

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