News

How we restricted 281 Nigerian accounts in 2022 – Binance

Published

10 months ago

March 13, 2024

By Francesca Hangeior

The largest cryptocurrency exchange, Binance, stated that it restricted 281 accounts belonging to Nigerians in 2022 due to money laundering concerns.

The exchange said it also collaborated with the Federal Government to protect users from illicit activity.

This information was disclosed in a statement published on its website on Wednesday.

A few weeks ago, Binance announced its decision to stop naira-to-dollar exchange services following a fallout with Nigerian authorities, who had accused the platform of manipulating the country’s foreign exchange rate.

The exchange mentioned that its team visited Nigeria twice in the fourth quarter, conducting comprehensive law enforcement training sessions for officials of the Economic and Financial Crimes Commission.

With over 30 investigators in attendance for each full-day session, Binance said it provided a detailed overview of its operations, training Nigerian law enforcement on the intricacies of exchanges in the digital asset ecosystem.

“During these sessions, various case studies were presented, including those involving suspects from Nigeria. The positive feedback received from Nigerian investigators underscored their strong desire to sustain this cooperative format, the platform noted.

“Binance’s financial crime compliance teams processed 626 information requests related to Nigeria or from local law enforcement agencies between June 2020 and February 2024.

“The Nigeria Police Force, the Economic and Financial Crimes Commission, and INTERPOL Nigeria were among the many organisations that benefited from the information we supplied in their efforts to combat crimes ranging from money laundering, kidnapping, extortion, and scams,” it said.

The exchange also conducted a three-hour online workshop for 70 EFCC officials in August 2023. The workshop’s main objectives were to interpret Binance’s operational responses and determine how best to use our help.

“We worked closely with the authorities to safeguard users from illegal activity in a well-publicised action that occurred in January 2022, restricting 281 accounts that belonged to Nigerian residents because of worries about money laundering,” it added.

The crypto exchange recognises Nigeria’s thriving fintech ecosystem, anticipating that nearly half of all investments in Africa from 2019 to 2023 will be directed to the country.

“Operating alongside established global players like Binance is deemed vital for the cohesive growth of this ecosystem, fostering a supportive environment for dynamic local startups,” the company noted.

Binance explained that collaboration with regulators and law enforcement in Nigeria would accelerate its financial technology adoption.

News

Christmas in Naija: How We Dey Manage Celebrate Despite Wahala

Published

4 hours ago

December 24, 2024

Gloria Ikibah

By Gloria Ikibah

For Naija, Christmas no be just ordinary holiday. Na time wey hope dey shine, vibe dey sweet, and gratitude dey full everywhere. Na that time of the year wey, no matter how life don hard, people go try “show face” because Christmas na big deal. But lately, with the way everything dey cost and suffer no dey reduce, celebrating Christmas don turn wahala for many families.

Still, as we dey talk, “Man no fit kill himself.” Nigerians no dey carry last. We sabi find ways to flex and celebrate the birth of Jesus, even if na to cut corner or manage small.

Cost Wahala: Everything Don Cost Die

You no need any prophet to tell you say things for market don turn another level. Everything don cost! From rice to chicken, even maggi cube sef don follow increase. Wetin you go talk about live chicken? E don be like say to chop chicken for Christmas na for rich people alone. Rice wey people dey buy for ₦20,000 before don near ₦100,000. Wetin we go do?

But for Naija, no Christmas without rice and chicken. E be like wedding without music, e no complete. So, people dey hustle extra hard. Tailors no fit sleep because everybody wan sew new clothes. For market, na haggling full everywhere as buyers dey try drag price wey don already high.

Yet, hope still dey. Naija people dey always talk say, “God no go shame us.” Somehow, everybody dey find way.

December Rush: Going Back to the Village

One of the sweetest things about Christmas for Naija na the “back to village” movement. Whether you dey Lagos, Abuja, Sokoto, Kaduna, Maiduguri, Ibadan ofPort Harcourt, December na time to reconnect with your roots. But my brother, the journey no easy o.

Transport fare dey mad. Fuel price dey high, so drivers no dey smile. Imagine paying ₦40,000 from Lagos to Enugu wey before na ₦7,000. Still, people dey go because, as dem go talk, “Home sweet pass anywhere.”

Na the road matter sef dey pain pass. Traffic go tie you like wrapper, police go dey disturb you for checkpoints, and bad roads no go allow you rest. But trust Nigerians; we sabi manage. With small gist, music, and snacks for road, the journey go dey bearable.

Decorations and the Christmas Feeling

No matter the hardship, December still dey sweet for Naija. Streets go dey shine with Christmas lights, even if e no plenty like oyinbo countries. Small businesses go hang blinking lights, and some churches go do nativity scenes. Children go sing carols, mixing English and local hymns.

For house, families dey try decorate, no matter how small. If you no fit buy Christmas tree, palm frond dey available. Just add ribbon join am, and your tree don complete. Nigerians go just laugh say, “Na manage we dey manage, but e go still sweet.”

The Christmas Food: Make Everybody Chop

For Naija, food na the center of Christmas celebration. Even if na one kind year wey e be like say soup no too dey plenty, Christmas day different. Rice, whether na Jollof or fried, e must show. Chicken, goat meat,cow meat or turkey go follow. If you lucky, you go see moimoi, salad, or even nkwobi and isi-ewu.

But the hustle to prepare food no easy. Cooking gas dey cost, firewood no dey too plenty, and food items don turn something else for market. Na there the community spirit dey enter. Neighbors dey share, people dey contribute small small, because as dem dey talk, “Nobody wan carry last, everybody must chop.”

Church Service: The Main Reason for Christmas

For Naija, we no dey forget say the reason for the season na Jesus Christ. Churches dey full on Christmas morning as families go dey sing, pray, and thank God for the year. Choir go sing gospel wey go touch heart, and pastor go preach hope, love, and resilience.

For some villages, dem dey even do nativity play or Christmas drama to remind people of how Christ take start. E dey sweet when you see traditional dance join the celebration. Religion and culture dey mix well for Naija style of Christmas.

Evening Cruise: Detty December Don Land

After all the food and church matter, na groove time! Children go wear their fine new clothes waka round, go house to house dey greet people and collect small gifts (aka “Christmas handouts”). Youths go organize street parties, and local DJs go blast music wey go make body sweet.

For some people, na time to do “detty December.” Bars, lounges, and beaches go full as people go dey vibe, because, as we sabi talk, “Body no be firewood.”

Finding Joy Even When E No Easy

Despite all the struggle, Nigerians sabi find joy. Na about the small memories, laughter from children, food wey everybody chop together, and the spirit of giving. Even those wey no fit afford big celebration still dey thank God o. Some people go do small house party; others go just use the day pray and reflect.

Social media sef dey help. People dey share their own kind of celebration, using hashtags like #NaijaChristmas or #DettyDecember to show say life still dey sweet, no matter the condition.

As We Enter New Year

As another year dey end, hope still dey shine for Naija. The way people dey push through Christmas wahala, show the resilience wey Nigerians carry. Everybody dey pray say next year go better, better economy, better life.

So, whether na rice and chicken you chop, or na garri you soak, one thing sure: Christmas na about the heart wey dey give. Love, gratitude, and hope na wetin matter pass.

Merry Christmas, Naija style!

News

Edo To Get First Lady As Gov Okpebholo Reportedly Set To Quit Bachelorhood

Published

7 hours ago

December 24, 2024

Kayode Sanni-Arewa

By Kayode Sanni-Arewa

December 24, (THEWILL) – Barring any last minute change of heart, the governor of Edo State, Monday Okpebholo, is allegedly set to marry his side chick, a California-based lady, Jennifer, the daughter of Sharon Ogaga, who is a native of Auchi and is believed to be in her 30s.

THEWILL reports that the marriage is scheduled to be held in Potter Ranch, California, in January 2024, while Aso ebi for the event is being distributed to friends of the bride for a fee around America, Europe and Africa, the letter of invitation only identifies Jennifer, but does not mention the identity of the husband-to-be, in what appears to be a deliberate attempt to mask governor Okpebolo’s identity and shield him from the controversial move.

What is weird is that Jennifer and her family are being coy with the identity of the man she is marrying.

One of THEWILL’s sources, however, has a direct confirmation that Governor Okpebholo is the “husband-in-waiting.”

“They are only telling people that Jennifer is getting married. They are not revealing the identity of the man. It is obvious they are hiding something, probably they don’t want distractions to taint the ceremony,” one of the sources said.

THEWILL does not know the status of Okpebholo’s current marriage to Blessing Okpabi Okpebholo, the mother of his two daughters, who was a no-show during his inauguration as governor.

It, however, appears that their marriage is over because it is illegal to be married to more than one person under the laws of the United States.

According to one of our sources, Senator Adams Oshiomhole allegedly hooked Jennifer up with the governor.

The governor’s Special Adviser on Media, Osiobughie Okhuemoi, said he was unaware of the development when THEWILL contacted him for comments a few days ago.

THE WILL