- The media has claimed that Binance has not received any notice of a significant fine from authorities in Nigeria.
- Special counsel Bayo Onanuga accused the media of misrepresenting what he said.
Cryptocurrency exchange Binance has not received any notice from the authorities in Nigeria and does not plan to pay a $10 billion fine, Peoples Gazette reported, citing sources in the company.
“We recently discussed ways to solve problems with Nigeria, but no one talked about a $10 billion fine,” the magazine quotes a source as saying, “Our goal is to establish good relations with the Nigerian government and restore services in the near future, but we are not going to pay the fine.”
Asked to comment on the situation, the Special Adviser to the President, Bayo Onanuga, said the media had distorted his words:
“I mentioned that our government may impose heavy fines on Binance. I never said it was about $10 billion or that the exchange had been notified to repay the screed.”
We previously reported on Binance facing fines in Nigeria. The exchange, as well as other platforms, was accused of devaluing the naira through speculation and fixing its exchange rate.
Local authorities have restricted access to the platforms. In addition, according to unconfirmed information, two Binance employees were detained and their passports were taken away.
