According to a report by BBC, Bayo Onanuga, the spokesperson for Nigerian President Bola Tinubu, stated in an interview that Binance, through manipulating the Nigerian Naira, has influenced the foreign exchange rates, resulting in a near 70% depreciation of the Naira in the past few months. Bayo Onanuga further expressed that, based on the content of the BBC report, Nigeria believes that Binance’s actions have had a significant impact on the country’s economy, and as a result, they are demanding a penalty of at least 10 billion US dollars from Binance. Additionally, according to multiple reports, Nigeria has launched an investigation into Binance, and earlier this week, there were reports of senior Binance executives being detained by the Nigerian government. Zakari Mijinyawa, the spokesperson for Nigeria’s National Security Office of Strategic Communications, stated to “Premium Times”:
