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Following the detention of Binance executives, Nigerian officials have now reportedly requested data on the exchange’s top 100 largest customers.
<a href="https://crypto.news/tag/nigeria/" target="_blank" rel="noopener noreferrer nofollow">Nigeria</a> has once again reemerged in the spotlight following reports of local authorities <a href="https://crypto.news/binance-nigeria-fine-manipulation/" target="_blank" rel="noopener noreferrer nofollow">allegedly demanding</a> Binance to pay a $10 billion fine due to foreign exchange rate manipulation tied to the naira currency. This time, officials are reportedly seeking access to Binance’s top 100 users in the country, along with six months of transaction history, the Financial Times <a href="https://www.ft.com/content/9c1394de-0492-4597-b075-cbf19e0b6e83" target="_blank" rel="noopener noreferrer nofollow">has learned</a>, citing correspondence between Nigerian officials and the exchange.
According to the report, Nigeria’s national security adviser’s office is also pressing Binance to address any outstanding tax obligations. Crypto.news reached out to Binance for comment on the matter but has not heard back before press time.
You might also like: <a href="https://crypto.news/nigeria-sec-guidelines-crypto/" rel="noopener noreferrer nofollow"> Nigeria’s SEC proposes guidelines for crypto firms to fight criminals </a>
Recent actions by Nigerian officials follow the <a href="https://crypto.news/nigeria-reportedly-detained-binance-execs-after-inviting-them-to-discuss-issues-with-crypto/" target="_blank" rel="noopener noreferrer nofollow">detention</a> of Binance’s two executives — Nadeem Anjarwalla and Tigran Gambaryan — who play significant roles in Binance’s operations in Africa. According to reports, the two are being held without charge, but with their phones and passports confiscated.
The detention appears to be part of Nigeria’s efforts to stabilize the naira and curb currency speculation through crypto exchanges. As crypto.news earlier reported, the Nigerian government previously&nbsp;<a href="https://crypto.news/nigeria-reportedly-plans-to-ban-binance-other-crypto-firms-over-their-ties-to-forex/" target="_blank" rel="noopener noreferrer nofollow">ordered</a>&nbsp;telecom and internet service providers to restrict access to several crypto exchanges, including Binance, Coinbase, and Kraken in a bid to curb currency depreciation. In response, Binance <a href="https://crypto.news/binance-leaves-nigeria-suspending-all-naira-services/" rel="noopener noreferrer nofollow">removed</a> the naira for trading from its website.
Read more: <a href="https://crypto.news/nigeria-sec-declares-binance-operations-in-country-illegal/" rel="noopener noreferrer nofollow"> Nigeria SEC declares Binance operations in country illegal </a>

Nigeria reportedly requested data from Binance on its top 100 largest customers following executives arrest

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