A Federal High Court in Abuja has ordered Binance Holdings Limited to supply the Economic and Financial Crimes Commission, EFCC, with comprehensive data or information about all Nigerian traders on its platform.
Justice Emeka Nwite granted the interim injunction after ruling on the ex-parte request filed by the EFCC’s lawyer, Ekele Iheanacho.
“The applicant’s application dated and filed 29th February, 2024, is hereby granted as prayed.
“That an order of this honourable court is hereby made directing the operators of Binance to provide the commission with comprehensive data/information relating to all persons from Nigeria trading on its platform,” the judge ordered.
The News Agency of Nigeria (NAN) reports that the interim order was granted to enable the anti-graft agency unravel the alleged money laundering and terrorism financing on Binance, a crypto currency exchange platform.
A certified true copy of the ruling, which was delivered on Feb. 29, was sighted by NAN on Monday.