A Federal High Court in Abuja has ordered Binance Holdings Limited to supply the Economic and Financial Crimes Commission (EFCC) with detailed information on all Nigerian traders on its platform.
Justice Emeka Nwite granted the interim injunction after deciding on the ex-parte application submitted by the EFCC’s counsel, Ekele Iheanacho.
The judge said:
“The applicant’s application dated and filed 29th February, 2024, is hereby granted as prayed.
“That an order of this honourable court is hereby made directing the operators of Binance to provide the commission with comprehensive data/information relating to all persons from Nigeria trading on its platform.”
According to the News Agency of Nigeria (NAN), the interim injunction was issued to allow the anti-graft agency to investigate allegations money laundering and terrorism funding on the cryptocurrency trading platform Binance.
On Monday, NAN observed a certified authentic copy of the verdict, which was given on February 29.
The ex-parte motion, marked FHC/ABJ/CS/259/2024, was filed under Sections 6(b), (h), (I), 7(1), (a)(2), and 38 of the Economic and Financial Crimes Establishment Act, 2004, Section 15 of the Money Laundering (Prevention and Prohibition) Act, 2022 (as amended), and the court’s inherent powers.
cc: Vanguard Ng
