Based on your descriptions and telling of the events, it seems that the government of Nigeria is having money problems because they're bad at budgeting the funds of the country and they want to squeeze all the companies that they can squeeze out of in hopes of getting something from them and put a band-aid solution,
Yes. You are right. They failed at the most basic economic principles. They messed up our FX and instead of them to roll up their sleeves and get to work fixing the problem which is internal, they went after Binance and thought that, if they slam them 10billion dollars fine, it would be enough to fix the fx.
the threat of Nigeria isn't that scary to Binance as US threat is, maybe invest in creating an organization that's a counterpart of the CIA, that's the only way that they can bully businesses like Binance into submission and meeting their demands, look at what US have with the help of CIA, they're the most influential in the world.[/quote]
Oh, it was actually a the National Security Adviser(NSA) that held the Binance staff and placed a 10billion dollars fine on them. The office of the NSA is almost similar to the CIA. Mostly, internal security stuff.
Would you guys be alright that Binance would be leaving the country though?
We are not alright but what can we do? We gat no choice than to sign up on other top exchanges. By this time Binance has already delisted the USDT/NGN pair and closed office in Nigeria.
