Changpeng Zhao, the CEO of Binance, has branded Nigeris’s affiliate of the international cryptocurrency exchange platform as a hoax.
On Sunday, Zhao announced this via his Twitter account, calling Binance Nigeria Limited “a scam entity.”
“Binance has issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news,” he wrote.
Balogun Olawale, an employee of the Federal Medical Center in Idi-Aba, Abeokuta, Ogun State, has been detained by the Economic and Financial Crimes Commission, Ibadan Zonal Command, along with 47 other people for their suspected involvement in internet fraud.
The suspects included Sodiq Iremide, Abiona Solomon, Moshood Sakiru Olamide, Olalekan Sodiq Olawale, Adebayo Ifeoluwa Timilehin, Joshua Gilbert, Adeleke Oluwafemi, Lawal Yusuff Abiodun, Olaleye Adedolapo Emmanuel, Opaleye Olanrewaju, Kazeem Oladimeji, Akinlosotu Ayodeji Ayomiposi.
Others included Orunsolu Sodiq Babatunde, Lamidi Micheal Akolade, Lateef Rahamon Olamilekan, Idowu Micheal Oluwasegun, Peter Adio Olakunle, Ahmod Kazeem Olayemi, Okewole Daniel Olayiwola, Ogundeyin Faruq Olamilekan, Edunjobi Toheeb Ayobami, Simon Dare Tosin, Ahmod Mustapha Olawale, Oladende Mubarak Olansile, Olanrewaju Kabiru Olamilekan, Olowookere Abeeb Lolade, Dolaoso Uthman Olamilekan, Kodagbese Emmanuel Aduragbemi, Simon John Seyi, Idemudia Lucky, Ahmod Waheed Olamide, Olowookere Soburu Ademola, Agboola Oladimeji Taofeek, Awoniyi Segun Gbenga, Babatunde Mathew Ayodele, Alaye John Saheed and Odediran Oluwole Ayomide.
Following information on their suspected fraudulent activities, they were apprehended on Wednesday in the Abeokuta neighborhood of Idi-Aba. Among the valuables recovered from them were seven exotic cars, many mobile phones, laptops, Apple watches, and various other items.
Additionally, two alleged “Yahoo boys” named Adeniji Adebayo and Ayoola Samson were detained by EFCC agents the same day in Ibadan, Oyo State’s Idi-Igba neighborhood, along with two automobiles and other valuables.
Additionally, Andrew Olasunkanmi, a suspect in cybercrime, was detained by the state police command of the Nigerian Police and turned over to the EFCC.
Andrew was detained at his home on suspicion of taking part in scams. He was found to be in possession of a Honda Civic and several cell phones.
