Government demanding from Binance the lists of its Nigerian users - page 3.

Mate2237

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Quote from: Charles-Tim on March 25, 2024, 09:57:02 AM

The second executive will be monitored more than before. I can not say if he can escape or not but it will be more difficult than the first. But I believe there is some plans that we do not know now. Let us see what will happen.

If the second executive escape then the unit that monitoring the Official will be in a very big problem though we don't know how they are doing foe them to escape but such news is a very bad news to Nigerian government and it agencies because instead of and arrested foreigner to escape from their custody then they would given him permission to go home and settled the case out of court. This is very bad, they would have settled this issue since if Nigeria Government and it agencies were good in reasoning.

The only thing is that they still have one of the official in their custody if not Binance would have shun them and would not come back to Nigeria again. And because of the last executive Binance will still come and settle the case but they might pay extra fee for the escapee.

Pi-network314159

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Quote from: Mate2237 on March 25, 2024, 09:44:27 AM

How na? Nawao Nigeria na really a crush scene oh. Na dat dis guy e don escape weti go happen to Di second guy? Di way I dey see this escape na plan work. Well we ni go fit confirm or tok anything about Di escape foe now but let's us be waiting to see weti go happen next. Dis I e now dem fit shutdown the whole exchange in Di country. I also saw Di news on my google chrome newsline and I was about to read it when I got your notification and I left there to come here. Nigeria Government would have settled dis case with Binance amicably but they prefer dragging it without solution.

Na wettin me I dey reason too, because no how person go disembark from krikri without insider. You no say our country matter na money for hand back for ground. Our people say na rat wey dey inside Naim dey invite the one outside to come chop perty rice. E don dey clear say one person don accept to collect him own Shaer of the cake for back. Come release am or na cartel men because one person no fit do dat kind thing.and d one dem release na the oyibo man make the matter remain we we. Because that one wey reman like this if you like kill am him no go talk anything because we 9ja too dey get mind. Where money for come from na the oyibo man, but since that one don escape nothing dem fit do the one wey remain wey be 9ja person. Make we just dey watch.

Kliss

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The reported escape of Nadeem Anjarwall (Binance executive) is disappointing. Nadeem Anjarwall was not even in prison because he was not imprisoned. He was under house arrest and took advantage of the courtesy granted him to observe Ramadan prayers to escape. Which executive of a legitimate and corporative does that, that alone tells that these guys know about something negative that has been going on in their dealings in Nigeria. How can one trust and continue to invest on a platform like Binance when their executive escaped from a lawful, custody, that's why they got kicked out of England and Admitted to criminal charges in U.S. There's still one of them in custody and do believe the security will take every precautionary steps not to allow this act repeat again and as for Nadeem Anjarwall who is on the run Nigerian government are trailing on the flight that took him out and where it's going to land.

Spaceman1000$

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Quote from: Charles-Tim on March 25, 2024, 09:32:15 AM

JUST IN: NSA confirms Binance executive’s escape from custody

The Office of the National Security Adviser has confirmed that the detained Binance executive, Nadeem Anjarwalla, escaped from custody. It was reported that he escaped on Friday. It was said that preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport. ”

They are looking for a way to arrest him back. I guess federal government can not win this and likely he will make it to United States. Let us see how it goes.

You can read more about it here:
https://punchng.com/detained-binance-executive-escapes-from-custody/
https://punchng.com/nsa-confirms-binance-executives-escape-from-custody/

Or United States will arrest him so that he can be sent back to Nigeria? Grin

This story is hard to believe, how exactly did he escape out of the country when all his belongings where collected from him, before putting him into custody. Who gave him the the passport, how did the he flee the scene without any security personnel taking notice of his movement, for me it's all arrangy. That man cannot walk five blocks away from that environment without the security personnel knowing. I think these are just a make believe story that was cooked up by the Nuhu ribadu's office, just so that the public wouldn't know of the arrangements they've had behind the scene. I'm waiting for the second story that will be brought up for the second detainee that hasn't escaped yet.

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Quote from: Charles-Tim on March 25, 2024, 09:32:15 AM

They are looking for a way to arrest him back. I guess federal government can not win this and likely he will make it to United States. Let us see how it goes.

You can read more about it here:
https://punchng.com/detained-binance-executive-escapes-from-custody/
https://punchng.com/nsa-confirms-binance-executives-escape-from-custody/

Or United States will arrest him so that he can be sent back to Nigeria? Grin

Why would the US arrest him and send him back to Nigeria? Dude lives in Kenya with his family and I think that's where he flew to and he's enjoying the reunion with his family. He doesn't need to stress himself running to US and even if he does go there, I don't think he'd be arrested.

Nigerian government should be more concerned about the mole inside the government because Nadeem Anjarwalla obviously had help from someone.

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Quote from: Charles-Tim on March 25, 2024, 09:32:15 AM

JUST IN: NSA confirms Binance executive’s escape from custody

The Office of the National Security Adviser has confirmed that the detained Binance executive, Nadeem Anjarwalla, escaped from custody. It was reported that he escaped on Friday. It was said that preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport. ”

They are looking for a way to arrest him back. I guess federal government can not win this and likely he will make it to United States. Let us see how it goes.

You can read more about it here:
https://punchng.com/detained-binance-executive-escapes-from-custody/
https://punchng.com/nsa-confirms-binance-executives-escape-from-custody/

Or United States will arrest him so that he can be sent back to Nigeria? Grin

Baba all this things na game plan, I told you guys that at the end federal government will lose money because of the wrong approach they adopted in the case of the naira vs binance crisis, most times the government always get it wrong when it comes to naira stabilisation, and what we're they thinking that your president announced a free flow of the naira in the forex market will result into a positive outcome for the value of the currency this is wrong and baseless thoughts.

Just like the fuel subsidy thing also, this two things are affecting the country in the most negative ways, the economy is bleeding and corruption is at it highest rate.

Well the binance staff that escaped shows how weak the security system are, although the individual that escaped have some military training I think so, he is a former FBI agent if I am not mistaking.

Well so long as one of the staffs is still in custody, the government will still have some good hold, I read also that the federal revenue commission have fild a case of tax evasion against binance today I high court Abuja.

Charles-Tim

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Quote from: Mate2237 on March 25, 2024, 09:44:27 AM

How na? Nawao Nigeria na really a crush scene oh. Na dat dis guy e don escape weti go happen to Di second guy? Di way I dey see this escape na plan work. Well we ni go fit confirm or tok anything about Di escape foe now but let's us be waiting to see weti go happen next. Dis I e now dem fit shutdown the whole exchange in Di country. I also saw Di news on my google chrome newsline and I was about to read it when I got your notification and I left there to come here. Nigeria Government would have settled dis case with Binance amicably but they prefer dragging it without solution.

Now that one don escape, the second one sef go escape under the SEC watch. Pump and plain SEC don collect something na make dem get Di ododo to escape.

This has nothing to do with the SEC, but you are not wrong that there is insider work. Not only one person but some people among the them made the escape possible.

The second executive will be monitored more than before. I can not say if he can escape or not but it will be more difficult than the first. But I believe there is some plans that we do not know now. Let us see what will happen.

Mate2237

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Quote from: Charles-Tim on March 25, 2024, 09:32:15 AM

JUST IN: NSA confirms Binance executive’s escape from custody

The Office of the National Security Adviser has confirmed that the detained Binance executive, Nadeem Anjarwalla, escaped from custody. It was reported that he escaped on Friday.

You can read more about it here:
https://punchng.com/detained-binance-executive-escapes-from-custody/
https://punchng.com/nsa-confirms-binance-executives-escape-from-custody/

How na? Nawao Nigeria na really a crush scene oh. Na dat dis guy e don escape weti go happen to Di second guy? Di way I dey see this escape na plan work. Well we ni go fit confirm or tok anything about Di escape foe now but let's us be waiting to see weti go happen next. Dis I e now dem fit shutdown the whole exchange in Di country. I also saw Di news on my google chrome newsline and I was about to read it when I got your notification and I left there to come here. Nigeria Government would have settled dis case with Binance amicably but they prefer dragging it without solution.

Now that one don escape, the second one sef go escape under the SEC watch. Pump and plain SEC don collect something na make dem get Di ododo to escape.

Charles-Tim

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JUST IN: NSA confirms Binance executive’s escape from custody

The Office of the National Security Adviser has confirmed that the detained Binance executive, Nadeem Anjarwalla, escaped from custody. It was reported that he escaped on Friday. It was said that preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport. ”

They are looking for a way to arrest him back. I guess federal government can not win this and likely he will make it to United States. Let us see how it goes.

You can read more about it here:
https://punchng.com/detained-binance-executive-escapes-from-custody/
https://punchng.com/nsa-confirms-binance-executives-escape-from-custody/

Or United States will arrest him so that he can be sent back to Nigeria? Grin

Benedictare

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I hope say a lot of Naija wey dey d form dey always read dis topic everyday ,so that dem go no wetin dem go do next b4 kasala burst, we fit think sey this list no go come out or na for the big men dem , what if the other way round ,so make we dey at alart in case and make we tell our people to remove their bank details as oga Charles-Tim don talk am.

But i wan ask oh,if you remove your details,e no go still dey for their system hardware? As we know say oyibo people sabi all these kind computer data storage pass us, because Court no gree release dem oo,say dem must provide the list to EFCC na him make dem still dey detention for more 2 weeks.

Mate2237

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Quote from: sokani on March 22, 2024, 07:39:11 AM

Quote from: Mate2237 on March 14, 2024, 12:21:34 PM

There is very big argument on ground now that, federal government is asking Binance to give the top 100 Binance users and they the federal government will release the arrest Binance staff and right now Nigeria Government is not talking amount the #10 billion naira fine that they asked Binance before again and all their focus right now is the Nigerians that are using Binance. So if you are still using Binance, you better go and remove your account details from the exchange because the pressure Nigerian government is giving to Binance to give them users is very high. And that has been on the discussion for some days now. And that is the only condition for the release of the Binance staff.

And Binance told the government of America and UK that their citizens will go back to their country safety.

The whole world dey watch Binance, how dem want take handle this saga with the Nigerian government, weda dem go give in to their demands or not. IMO, I think Binance no go surrender the list because if dem do so, dem go lose trust not just from Nigerians but from their customers worldwide, also e go give room for oda countries to bully dem.

I no want believe say Binance no dey do anything about the situation, dem dey fight. Just as Binance is pushed into a corner, naso Nigerian government self dey go dey feel heat small small because all eyes dey watch dem. The arrest dey illegal, dis persons in detention no be criminals and dem be US and UK citizens. So how long dem fit keep dem? I believe their embassies also dey fight for their release.

Oboy the matter shock Binance. But na dem fuck up they been take di ignorance of Nigerians as their advantages but government catch them. Even me sef dey vex for Binance for manipulating di exchange rate in di country but Nigeria government for use wisdom handle di case. Di problem was not mainly from Binance but their the government financial agencies were not active enough to do their work because if dem been dey do am well Binance for never and ever manipulate di exchange rate. Because it is the duty of the agencies to implement and monitor any suspicious movement in the exchange platforms but they were relaxing so Binance used di opportunity well.

If Nigeria government used wisdom Binance for generates plenty money for them through collection of tax from di exchange. Because people were using the exchange to do transaction.

sokani

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Quote from: Mate2237 on March 14, 2024, 12:21:34 PM

There is very big argument on ground now that, federal government is asking Binance to give the top 100 Binance users and they the federal government will release the arrest Binance staff and right now Nigeria Government is not talking amount the #10 billion naira fine that they asked Binance before again and all their focus right now is the Nigerians that are using Binance. So if you are still using Binance, you better go and remove your account details from the exchange because the pressure Nigerian government is giving to Binance to give them users is very high. And that has been on the discussion for some days now. And that is the only condition for the release of the Binance staff.

And Binance told the government of America and UK that their citizens will go back to their country safety.

The whole world dey watch Binance, how dem want take handle this saga with the Nigerian government, weda dem go give in to their demands or not. IMO, I think Binance no go surrender the list because if dem do so, dem go lose trust not just from Nigerians but from their customers worldwide, also e go give room for oda countries to bully dem.

I no want believe say Binance no dey do anything about the situation, dem dey fight. Just as Binance is pushed into a corner, naso Nigerian government self dey go dey feel heat small small because all eyes dey watch dem. The arrest dey illegal, dis persons in detention no be criminals and dem be US and UK citizens. So how long dem fit keep dem? I believe their embassies also dey fight for their release.

Charles-Tim

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Quote from: Coyster on March 22, 2024, 05:16:07 AM

Quote from: Igebotz on March 21, 2024, 05:21:27 PM

I've removed my banking details from Binance p2p and I will advise everyone to do the same thing.

It could make sense to do this, but i don't think deleting it means you have completely deleted it from Binance's database. They are a centralized exchange, so definitely have all data stored somewhere and if they ever have to give it to the government, they would do that, even if you have deleted yours from your own account.

You are correct. We should not believe in centralized platform even if it says no data is collected. According to Binance, about people's data retention, I found this:

Quote from: https://www.binance.com/en/privacy

11. How Long Does Binance Keep My Personal Data?

We keep your personal data to enable your continued use of Binance Services, for as long as it is required in order to fulfil the relevant purposes described in this Privacy Notice, and as may be required by law such as for tax and accounting purposes, compliance with Anti-Money Laundering laws, or to resolve disputes and/or legal claims or as otherwise communicated to you.

While retention requirements vary by jurisdiction, information about our typical retention periods for different aspects of your personal data are described below.

Personal Identifiable Data collected to comply with our legal obligations under financial or anti-money laundering laws may be retained after account closure for as long as is required under such laws.

Contact Information such as your name, email address and telephone number for marketing purposes is retained on an ongoing basis and until you (a) unsubscribe, or we (b) delete your account. Thereafter we will add your details to an unsubscribed list to ensure we do not inadvertently market to you.

Content that you post on our website such as support desk comments, photographs, videos, blog posts, and other content may be kept after you close your account for audit and crime prevention purposes.

Recording of voice calls with you may be kept for a period of up to six years, for audit/ compliance purposes and to resolve disputes and/or legal claims.

Information collected via cookies, web page counters and other analytics tools is kept for a period of up to one year from the date of the collection of the cookie of the relevant cookie.

Even if anything is deleted, we should know that Binance still have the information.

philipabaku

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All these demands na just to make EFCC get better evidence to extort from the youths and federal government wan cripple any source of income Nigerians get. But Nigerians will always improvise that's what I love about us.

Coyster

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Quote from: Igebotz on March 21, 2024, 05:21:27 PM

I've removed my banking details from Binance p2p and I will advise everyone to do the same thing.

It could make sense to do this, but i don't think deleting it means you have completely deleted it from Binance's database. They are a centralized exchange, so definitely have all data stored somewhere and if they ever have to give it to the government, they would do that, even if you have deleted yours from your own account.

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Quote from: Charles-Tim on March 21, 2024, 08:29:26 AM

Quote from: EL MOHA on March 21, 2024, 08:10:43 AM

The reason why I don’t see them releasing the names is because it will look like a breach go right to their customers and they might lose there customers to that, not only In Nigeria but around the world. Many of their customers might see them as push overs by the government and any country can use it against them and we all know even though people submitted KYC they will still want it not to get to their government

Exactly. But people should expect something like this if they go for KYC. KYC can be extremely dangerous.

yes but under legal tender may be they might be able to get this, since they did the same to sinbad

but one thing for sure no business bodies who may have issues with Nigeria government will ever send their executives to Nigeria, it will be rare and I don't think binance will do the same in most countries especially those being in the same category as Nigeria with little or no world power.

I guessed the government knows that in keeping those executives detained is the only way binance may listen to them after acting stupidly in detaining them at first because now once those executives are released Binance will officially cut ties with Nigeria because of the fg request of the list of customers.

Quote from: Charles-Tim on March 21, 2024, 08:29:26 AM

Quote from: EL MOHA on March 21, 2024, 08:10:43 AM

The thing is binance wouldn’t comply but rather look for ways to reduce the damage that is by paying some fine that the government will ask of but definitely not the $10B. Other government like the US had in the past accused them of money laundering and CZ then took the hit of stepping down from his role and both him and the entity were fined and that’s it.

We do not know what will happen. As some people and organizations are seeking for United States intervention, it is possible that our government may still demand for lists of Nigeria Binance users. If the US government also agree to that, Binance will not have any other option if their officials are not released from detention.

I guessed the main issue why Binance is not releasing the list is because of the $10B scam which I think the Nigeria government is after base on this https://bitcointalk.org/index.php, I believe Binance has given them names of criminals before and so won't have see any issues doing the same under legal means except from the fine.

Also I think the US might not support Binance after their past record and even current court cases with them

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Quote from: Mate2237 on March 14, 2024, 12:21:34 PM

There is very big argument on ground now that, federal government is asking Binance to give the top 100 Binance users and they the federal government will release the arrest Binance staff and right now Nigeria Government is not talking amount the #10 billion naira fine that they asked Binance before again and all their focus right now is the Nigerians that are using Binance. So if you are still using Binance, you better go and remove your account details from the exchange because the pressure Nigerian government is giving to Binance to give them users is very high. And that has been on the discussion for some days now. And that is the only condition for the release of the Binance staff.

And Binance told the government of America and UK that their citizens will go back to their country safety.

i think the federal government is taking this whole Binance saga too far and this i believe is going to be really too much for Binance to bear. first it was Binance and accused of money laundry, second, it was CZ stepping down as CEO and now it's the Nigerian Federal government putting such an unnecessary pressure on Binance to either release the list of Nigerian users on the exchange or they wouldn't release their staffs. this is just too much for Binance. what i don't really get is what the government really plans to do with the list, because it seems all we're hearing so far are just different people's thoughts and assumption.

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Quote from: Coyster on March 21, 2024, 11:04:17 AM

Quote from: Mate2237 on March 21, 2024, 08:44:04 AM

The detained Binance officials were taken to high court today and the court extended the detaining to another two weeks. And names of these detainees are: Tigran Gambaryan from U.S and Nadeem Anjarwalla feom British. https://saharareporters.com/2024/03/21/detained-binance-executives-appear-nigerian-high-court-remain-detention-two-weeks

You do well to post this link, i actually thought that the detained Binance officials have been released from detention, but i was wrong as they are still being detained in Nigeria. Having said that, e be like say i sabi wetin our government wan do, they are holding this officials in a bid to "force" Binance to send them the names of all Nigerians trading in their platform and i think they would continue extending this detention period until they get that information.

Yesterday Naija been publish names of companies and people suspected to be sponsoring terrorism in Nigeria: https://www.legit.ng/business-economy/money/1584458-full-list-bureau-de-change-operators-named-sponsoring-terrorism-nigeria/
If the government believe such people launder money and fund terrorism using Binance, then these evidences should be presented to the exchange platform, and if these people have accounts on Binance, then further investigation and information can be gotten from there, but what i disagree with is a request of ALL Nigerian traders on their platform.

Their primary targets are the top traders and volume traded. I'm concerned about how they're handling the situation because I believe they'll start going after innocent and honest traders and arresting them for Naira manipulation, which is what Binance is attempting to avoid, but the Nigerian government is holding them by their balls hostage and using the illegally detained Binance executive as bail to get what they want.

I've removed my banking details from Binance p2p and I will advise everyone to do the same thing.

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Quote from: Samlucky O on March 21, 2024, 11:43:59 AM

My advice for us be say make any money we get, make we dey use am buy BTC or USDT come keep am for DEX wallet till this hole matter don finish. Because Even the one wey dey bank fit no dey safe because if them force these binance officials so Tay them come release this list, our bank account no ft dey safe.

Even if this matter no sup ehn, person no suppose dey keep their crypto for centralized exchanges na, dem suppose keep am for non-custodial wallet. You dey correct when you talk say we no know wetin be their plan oh, and if dem get their hands on that list, dem fit do anything, from freezing bank accounts to making arrest, so no be only those wey dey make big transactions suppose fear, but everybody wey dey use Binance oh. This matter na proof of wetin Bitcointalk users don dey talk for a very long time and that is that KYC dey very very dangerous, as all Nigerian Binance and centralized exchanges users dey find out now.

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Quote from: Makus on March 19, 2024, 01:14:13 AM

Quote from: Charles-Tim on March 18, 2024, 12:45:56 PM

Court orders Binance to release data of Nigerian users to EFCC

A Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform.

The court handed down the order in an ex-parte motion filed by the EFCC demanding information about Nigerians trading on Binance.

Copied from https://punchng.com/court-orders-binance-to-release-data-of-nigerian-users-to-efcc/

This one wey EFCC don enter the matter e mean say, Dem wan really arrest those users, e don dey really clear now say na their intentions be that. But my problem with this issue na besay, them don already succeed disable their fiat from binance so wattin Dem wan still use the name of those p2p traders do. Abi them dey plan to task them? Or place fine for their head? But one thing dey sure, as far as say them dey this desperate to collect those name e just mean say them wan either arrest them like the BDC and then, fine Dem.

You really Sure say them wan arest and fine them. I no understand where this matter dey go because this people no get better plan. Getting the comprehensive list fit no be only to find the people wey do the huge transfer but e fit be say them wan know the total people wey dey into cryptocurrency so that dem fit come dey monitor people. Anybody wey dey do any big transaction, na EFCC go find you come house, by then no privacy again. Any small mistake them fit block bank account of everybody wey dey into cryptocurrency. Because the P2P no allow them know how transaction dey go for Nigerian bank.

My advice for us be say make any money we get, make we dey use am buy BTC or USDT come keep am for DEX wallet till this hole matter don finish. Because Even the one wey dey bank fit no dey safe because if them force these binance officials so Tay them come release this list, our bank account no ft dey safe.

Topic: Government demanding from Binance the lists of its Nigerian users - page 3. (Read 1298 times)