Nigeria denies report of $10 billion Binance fine
Bayo Onanuga, Nigerian president's advisor, clarified he didn’t confirm Binance’s awareness or the $10 billion fine; he only indicated a potential amount, emphasizing the lack of final decisions.
The government of Nigeria has refuted the speculations about a possible $10 billion fine for Binance, a cryptocurrency exchange. Despite the report of the BBC, backed by the statement of Bayo Onanuga, special adviser to the Nigerian president on information and strategy, the government says these allegations result from misquotation.
According to a local news outlet, the People’s Gazette, Onanuga has changed his statement to say that his words have been misrepresented and notes that there hasn’t been a definitive fine to Binance. Onanuga clarified that he did not state that Binance was informed about the fines or that it would be $10 billion. He only mentioned the possibility of the imposed amount, as nothing is final yet.
Regarding the $10 billion penalty on Binance, the Peoples Gazette stated that Binance is unaware and hasn’t been informed. The cryptocurrency giant reportedly indicated its reluctance to negotiate any payment of fines with the Nigerian government.
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