Connect with us

News

How we restricted 281 Nigerian accounts in 2022 – Binance

Published

on

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.

Advertisement

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.

Advertisement

“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.

Advertisement

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.

Advertisement
Continue Reading
Advertisement

News

Court orders reinstatement of fired Lagos Assembly Clerk, Onafeko

Published

on

By Kayode Sanni-Arewa

The National Industrial Court sitting in Lagos has ordered the reinstatement of the fired Clerk of the Lagos State House of Assembly, Olalekan Onafeko.

The order follows an ex parte application to the Court made by Onafeko through his counsel, Yusuf Nurudeen, in a case he filed against Lagos State Government, Lagos State Civil Service Commission, Lagos State House of Assembly Service Commission, The Speaker, Lagos State House of Assembly, Attorney-General of Lagos State and Mr. Ottun Babatunde.

Onafeko was the Clerk of the House before January 13 when Hon. Mudashiru Ajayi Obasa was removed as Speaker, with the then Deputy Speaker, Mojisola Lasbat Meranda elected as the new Speaker.

Advertisement

Obasa’s removal, a decision that sparked controversy within the Lagos House and the ruling All Progressives Congress (APC), also led to Onafeko losing his position, with Babatunde Ottun appointed as his acting replacement.

The claimant in the suit marked: NICN/LA/23/2025 sought for an interim injunction restraining the six defendants from parading any individual including Babatunde as the clerk pending the hearing of the motion on notice for Interlocutory injunction already filed in the suit.

Granting the application, Justice M. N. Esowe in an ex parte order directed that Babatunde should cease to parade himself as Clerk

Esowe ordered that that what was in place in terms of the person in the saddle of the Clerk Office prior to the crisis rocking the House of Assembly should now prevail.

Advertisement

“That both parties shall maintain the peace and status quo ante bellum until the motion on notice is heard and determined,” Esowe ordered.

The judge slated the hearing of the motion on notice for March 3, 2024.

Continue Reading

News

Worldwide Prayers For ‘Critically’ Sick Pope Francis

Published

on

By Kayode Sanni-Arewa

Pope Francis spent his tenth day in hospital Sunday as Catholics around the world prayed for his recovery, the day after the Vatican warned the 88-year-old’s condition was “critical”.

The Argentine pontiff, who is being treated for double pneumonia, suffered a prolonged asthma-style attack on Saturday and required blood transfusions for a low platelet count.

On Sunday morning the Holy See said “the night passed peacefully, the pope rested” — indicating no repeat of the crisis the previous day, Vatican sources said.

Advertisement

But Francis, who had part of a lung removed when he was a young man, is still receiving oxygen through a tube in his nostrils in the papal suite at Rome’s Gemelli hospital.

In a message published Sunday but written in the past few days, the Jesuit thanked hospital staff and said he had confidence in his treatment.

“I am confidently continuing my hospitalisation at the Gemelli Hospital, carrying on with the necessary treatment — and rest is also part of the therapy!” he said.

“I ask you to pray for me,” he concluded in the text published in lieu of his weekly Sunday Angelus, which he normally delivers from a window overlooking St Peter’s Square.

Advertisement

People pray at the feet of a statue of John Paul II outside the Gemelli hospital where Pope Francis is hospitalized for pneumonia in Rome on February 23, 2025. (Photo by Alberto PIZZOLI / AFP)

Francis, who has been head of the Catholic Church since 2013, was admitted on February 14 initially with bronchitis, but his condition has deteriorated since then.

In its evening update Saturday, the Vatican warned his “condition continues to be critical, therefore the pope is not out of danger”.

It said Francis was alert and “spent the day in an armchair even if he was suffering more than” the day before.

Advertisement

It said he had a “prolonged asthmatic respiratory crisis, which also required the application of high-flow oxygen”.

Daily blood tests also “showed thrombocytopenia, associated with anaemia, which required the administration of blood transfusions”, it added.

Thrombocytopenia is a condition that occurs when the platelet count in the blood is too low, which can cause trouble stopping bleeding.

Blood or platelet transfusions, delivered via an intravenous (IV) line, are given to people who are either bleeding heavily or at very high risk of bleeding, according to the US National Institutes of Health (NIH).

Advertisement

“The pope gets worse,” headlined Italy’s Corriere della Sera newspaper on Sunday, while La Repubblica described it as the “darkest day” at the Vatican.

Well-wishers have been leaving candles outside the Gemelli since Francis was admitted, and a special mass was planned for Sunday evening in Rome.

“I am praying for him, for his health, because he is a special person for all of us,” Italian teacher Ilde Zito told AFP at the hospital.

Prayers and messages of solidarity also came in from among the almost 1.4 billion Catholics across the globe, alongside other Christians and world leaders.

Advertisement

In the cathedral of Buenos Aires, where Francis was once archbishop, TV screens at the entrance showed images of then Jorge Bergoglio’s good works, and the priest held a special mass.

“He is strong, he has always been strong, but there is nature. I know he is very ill and old. I hope he recovers, but it makes me sad,” Hector Armando Diaz, 76, a retired sales clerk, told AFP there.

Across the world in Iraq’s northern city of Mosul, a former bastion of the Islamic State group that Francis visited in 2021, at least a dozen churches also held prayers for him.

“This is the least we can do to express our solidarity, love, and appreciation for this great person,” said university professor Adnan Hadi.

Advertisement

Mexico’s president, Claudia Sheinbaum, offered her hopes on social media for a speedy recovery for the “great humanist” Francis, the first pope from the Americas.

Francis’s continued hospitalisation has sparked huge concern about his health but also speculation about whether he might step down.

He has always left the door open to following his predecessor, Benedict XVI, who in 2013 became the first pope since the Middle Ages to resign.

But he has repeatedly said it was not the time.

The pope maintains a punishing work schedule. He carried out a mammoth 12-day tour to the Asia-Pacific in September, but has suffered increasing health issues.

Advertisement

He underwent colon surgery in 2021 and an operation for a hernia two years later. He is overweight and has constant hip and knee pain, which forces him to use a wheelchair.

AFP

Continue Reading

News

Liverpool thrash Man City, Go 11 Points Clear

Published

on

By Kayode Sanni-Arewa

Liverpool took a big step to winning the Premier League, crushing an uninspiring Manchester City in a showdown on Sunday.

Mohamed Salah stole the show, scoring one and providing an assist to send Liverpool 11 points clear at the top of the table although they have played a game more.

The Egyptian opened the scoring with his 30th goal of the season before setting up Dominik Szoboszlai to double the lead before half-time.

Advertisement

Just days after exiting the Champions League to Real Madrid, this was another sobering defeat for the dethroned English champions, who are now 20 points adrift of the leaders.

So often during Pep Guardiola’s glorious reign, Liverpool have come up just short in English football’s great rivalry of recent years.

However, their time to match Manchester United’s record of 20 English top-flight titles now appears just months away in Arne Slot’s first season in charge.

Arsenal’s shock 1-0 home defeat to West Ham on Saturday had eased the pressure on Liverpool, that had built after dropping points in two of their last three games at Everton and Aston Villa.

Advertisement

A trip to the Etihad has for so long been the stiffest test of all, but City’s defensive frailties were easily exposed and they also badly missed the presence of the injured Erling Haaland in attack.

Liverpool, by contrast, had their talisman fit and firing as Salah took his staggering tally this season to 25 goals and 16 assists in 27 Premier League appearances.

However, their time to match Manchester United’s record of 20 English top-flight titles now appears just months away in Arne Slot’s first season in charge.

Arsenal’s shock 1-0 home defeat to West Ham on Saturday had eased the pressure on Liverpool, that had built after dropping points in two of their last three games at Everton and Aston Villa.

Advertisement

A trip to the Etihad has for so long been the stiffest test of all, but City’s defensive frailties were easily exposed and they also badly missed the presence of the injured Erling Haaland in attack.

Liverpool, by contrast, had their talisman fit and firing as Salah took his staggering tally this season to 25 goals and 16 assists in 27 Premier League appearances.

The Egyptian fired the visitors in front on 14 minutes thanks to a brilliantly executed set-piece routine.

Alexis Mac Allister’s corner was flicked by Szoboszlai into Salah’s path and his shot deflected off Nathan Ake past the despairing dive of Ederson.

Advertisement

At the other end, City’s own Egyptian international showed his ability to finish, but Omar Marmoush had strayed offside before being played in by Phil Foden.

City winger Jeremy Doku was skipping past Trent Alexander-Arnold at will, yet the Belgian consistently failed to deliver a telling cross or shot.

Salah was not so forgiving as he raced onto a long ball over the top and teed up Szoboszlai to wrong-foot Ederson.

The final outcome could have been much more humiliating for City had Liverpool had been as accurate on the counter-attack after the break.

Advertisement

Curtis Jones had a third goal ruled out by a VAR review for offside after Szoboszlai just failed to time his run through the heart of the City defence.

Ederson was forced into a stunning save from Luis Diaz and only a brilliant last-ditch tackle from Abdukodir Khusanov denied Szoboszlai a second.

Marmoush scored a hat-trick in last weekend’s 4-0 win over Newcastle and remained a lively threat as he flashed another effort across the front of Alisson Becker’s goal.

But City lacked the end product to make nearly 70 percent possession count.

Advertisement

Despite an eighth league defeat of the season, Guardiola’s men remain in fourth and will be confident of securing their place in the Champions League next season with a top-five finish likely to be enough.

However, after an unprecedented run of four consecutive titles, City look like yesterday’s team with Liverpool now champions in waiting.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News