Binance faces scrutiny as presidential adviser calls for Nigeria ban

Bayo Onanuga, adviser to Nigeria’s president, accused Nigerians of being unpatriotic when trading on the Binance platform.

Updated on Feb. 22 at 9:30 am UTC: Screenshot of Binance responding to customers added.

An adviser to Nigeria’s president has called for a ban on Binance, KuCoin and other trading platforms in the country.

Bayo Onanuga — President Bola Tinubu’s adviser on information and strategy —  took to the X social media platform to allege that the platforms manipulated the country’s fiat currency, the Nigerian naira, contributing to the ongoing decline of the currency in the forex market. This is coming amid speculations that the government is already considering a ban.

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Source: https://cointelegraph.com/news/binance-presidential-adviser-nigerian-ban