Nigeria

Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
September 02, 2024  |  Legal

A federal court has fined Nigerian businessman Dozy Mmobuosi $250 million following a fraud investigation. The court order — issued last week and the subject...

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Nigeria Targets Online Scams Following Meta Crackdown
Nigeria Targets Online Scams Following Meta Crackdown
August 26, 2024  |  Security & Fraud

Nigeria is reportedly eager to combat online extortion scams following a crackdown by Meta. The country’s Economic and Financial Crimes Commission is willing to work...

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Nigerian Regulator Fines Meta $220 Million, Alleging Privacy Law Violations 
Nigerian Regulator Fines Meta $220 Million, Alleging Privacy Law Violations 
July 19, 2024  |  Meta

A Nigerian regulator has fined Meta $220 million, saying the privacy policy of the company’s WhatsApp violated the country’s data and privacy laws. The Federal...

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US Lawmakers: Binance Executive Tigran Gambaryan ‘Wrongly Detained’ in Nigeria
US Lawmakers: Binance Executive Tigran Gambaryan ‘Wrongly Detained’ in Nigeria
June 05, 2024  |  Legal

Twelve members of Congress are calling on the Biden Administration to work to free Binance executive Tigran Gambaryan from detention in Nigeria, saying he is...

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American Express Introduces Business Card for Nigerian Users
American Express Introduces Business Card for Nigerian Users
May 09, 2024  |  B2B Payments

American Express is rolling out a business credit card in Nigeria, its first such product in the country. The card offers business owners a spending limit...

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Nigeria Moves to Ban P2P Naira Crypto Trading
Nigeria Moves to Ban P2P Naira Crypto Trading
May 07, 2024  |  Cryptocurrency

Nigeria is reportedly stepping up its cryptocurrency crackdown with a proposed ban on peer-to-peer trading. The ban would affect P2P trading in the country’s naira, Bloomberg reported...

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Escaped Binance Exec Reportedly Located in Kenya
Escaped Binance Exec Reportedly Located in Kenya
April 22, 2024  |  Cryptocurrency

A Binance executive who fled Nigerian custody last month has reportedly been found in Kenya. Nadeem Anjarwalla, a British-Kenyan who is the cryptocurrency giant’s regional manager for...

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Detained Binance Execs Sue Nigeria for Rights Violations
Detained Binance Execs Sue Nigeria for Rights Violations
March 31, 2024  |  Cryptocurrency

Two Binance executives have sued the Nigerian government following their detention by the African nation. The cryptocurrency execs filed suit last week against Nigeria’s national security adviser, Nuhu...

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Binance Charged With Tax Evasion in Nigeria as Exec Escapes
Binance Charged With Tax Evasion in Nigeria as Exec Escapes
March 25, 2024  |  Cryptocurrency

Nigeria has reportedly charged Binance and two of the cryptocurrency exchange’s executives with tax evasion. The charges come with a dramatic wrinkle, as one of those executives, who...

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