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FG Questions Binance Executives on $26B Flow Amid Security Concerns

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The Federal Government, through the Office of the National Security Adviser, is set to summon executives from various cryptocurrency platforms in the country for questioning.

This action comes on the heels of the recent detainment and interrogation of two senior executives from Binance by the NSA’s office.

On Wednesday, the Financial Times reported the detention of the Binance executives in Nigeria. Sources revealed that this is part of a broader initiative as more cryptocurrency operators are expected to be invited to explain their operations in the country.

Insiders familiar with the matter confirmed that the National Security Adviser, Nuhu Ribadu, is actively working on implementing recommendations from a report by the Nigerian Financial Intelligence Unit (NFIU). The NFIU report flagged cryptocurrency platforms, citing concerns about their potential role in terrorism financing and other criminal activities, adversely impacting the national currency (Naira) and security.

Cryptocurrency operators are being summoned to address alleged illegalities on their platforms, seen as contributing to corruption in the country. The recent crackdown follows the Federal Government’s decision just over a week ago to block trading on cryptocurrency platforms, instructing telecom companies to restrict access to their websites. Affected platforms included Binance, OctaFx, and Coinbase.

The detained Binance executives, an American and a British-Pakistani arrived in Nigeria following the platform’s ban. A day before news of their detention surfaced, the Governor of the Central Bank of Nigeria, Yemi Cardoso, revealed that an astonishing $26 billion had flowed through Binance Nigeria in the past year from unidentified sources.

“We are concerned that certain practices go on that indicate illicit flows, going through a number of these entities and suspicious flows,” Cardoso told journalists after his first Monetary Policy Committee meeting.

“In the case of Binance, in the last year, $26 billion has passed through Binance Nigeria from sources and users who we cannot adequately identify.”

According to informed sources, the ongoing crackdown is aimed at setting a precedent, discouraging others from utilising cryptocurrency platforms for illicit activities that undermine the integrity of the Nigerian financial system.

A task force, comprising the NSA’s office, the Central Bank of Nigeria, the Nigeria Police Force, the Economic and Financial Crimes Commission, the Nigeria Customs Service, and the NFIU, is actively engaged in apprehending currency speculators and tackling issues that pose threats to the economic stability of the nation.

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2027: INEC begins distribution of 77,015 PVCs in Oyo Friday

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The Independent National Electoral Commission will on Friday begin the distribution and collection of 77,015 newly printed Permanent Voter Cards across Oyo State ahead of the 2027 general elections.

The exercise, which will run from October 9 to 15, will be conducted at the 351 registration areas and wards across the state.

The Resident Electoral Commissioner in Oyo State, Prof. Adeniran Tella, disclosed this in a statement issued on Tuesday.

Tella said the exercise would hold daily, including weekends, between 9am and 3pm.

He explained that the exercise would cover newly printed PVCs as well as unclaimed cards printed ahead of the 2023 general elections.

The REC urged eligible voters to visit their respective registration areas during the seven-day exercise to collect their cards.

He also appealed to members of the public to disregard information circulating online suggesting that the Continuous Voter Registration exercise was still ongoing.

According to him, the CVR exercise ended on July 26, 2026.

Tella said those expected to benefit from the current exercise included newly registered voters, persons who had lost their PVCs, voters who requested transfers from one polling unit to another, and those whose cards were damaged or defaced during the last CVR exercise.

He said the collection of PVCs would continue at INEC offices in the 33 local government areas of the state after the seven-day exercise at the registration areas and wards.

The same collection hours of 9am to 3pm would apply at the local government offices, he added.

Tella further assured residents that the commission would receive additional batches of newly printed PVCs for distribution in the state.

He therefore urged eligible voters and other stakeholders to take advantage of the exercise and ensure that their PVCs were collected ahead of the 2027 elections.

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Alli Campaign Warns Against Fraudsters Collecting NIN, Bank Details

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The campaign organisation of the All Progressives Congress governorship candidate in Oyo State, Senator Sharafadeen Alli, has warned members of the public against fraudsters allegedly impersonating the senator and members of his campaign team to obtain sensitive personal information.

The organisation said the suspected fraudsters had been contacting unsuspecting members of the public by telephone and requesting their National Identification Numbers, bank account details and other confidential information.

The warning was contained in a statement issued on Saturday by the Director of Media and Publicity of the campaign organisation, Bisi Oladele.

Oladele described the development as an attempt to deceive members of the public and expose their personal and financial information to possible abuse.

He said, “Neither Senator Sharafadeen Alli nor his campaign organisation has authorised anyone to solicit NINs, bank details, passwords, PINs, One-Time Passwords or any other confidential information from members of the public.”

The campaign organisation urged anyone who receives such calls or messages to disregard them and avoid disclosing personal, banking or identification details until the identity of the caller has been properly verified.

It also cautioned members of the public against transferring money or responding to requests for financial assistance made through unverified telephone numbers, social media accounts or other unofficial communication channels purportedly linked to the campaign.

The organisation warned that sensitive information could be exploited for identity theft, financial fraud and other criminal activities.

It urged victims or members of the public who encounter suspicious calls or messages to report them promptly to the appropriate security agencies.

The campaign organisation said it was taking the allegations seriously and would cooperate with relevant authorities to identify and prosecute anyone found to be involved in impersonation, fraud or other criminal activities using Alli’s name.

It further advised the public to remain vigilant and verify unsolicited requests before responding to them, stressing that information about Alli and his campaign should be obtained only through officially verified communication channels.

The organisation reaffirmed Alli’s commitment to lawful and transparent engagement with the people of Oyo State, maintaining that legitimate political engagement does not require anyone to surrender confidential banking or identity information to unidentified callers.

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LAUTECH Strike: Alli Campaign Organisation Knocks Makinde Over Doctors’ Plight

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The Senator Sharafadeen Alli Campaign Organisation has criticised the Oyo State Governor, Seyi Makinde, over the prolonged strike by resident doctors at the Ladoke Akintola University Teaching Hospital, Ogbomoso.

The organisation said the strike, which has lasted for more than 30 days, was taking a toll on healthcare delivery and exposing what it described as the government’s failure to adequately address the welfare concerns of medical personnel in the state.

The Director of Media and Publicity of the organisation, Bisi Oladele, stated this in a statement issued on Sunday.

The organisation also expressed concern over the 21-day warning strike issued by the Association of Medical and Dental Officers of Oyo State over unresolved issues bordering on welfare, remuneration and conditions of service.

According to the group, the situation was worrisome because medical workers were being forced to embark on industrial action over issues relating to allowances, residency training funds and salary arrears.

It said the resident doctors were demanding the payment of outstanding Medical Residency Training Fund and six months’ Minimum Wage arrears, among other welfare-related issues.

The organisation said the prolonged strike had negatively affected medical services at the teaching hospital, with patients who could not afford private healthcare allegedly left with the option of waiting for services to resume or seeking alternative treatment.

“The SSACO is concerned about Governor Seyi Makinde’s failure to sit with the striking resident doctors and find a lasting solution to their demands.

“As the strike prolongs, the resident doctors feel maltreated, while the masses bear the brunt of government’s insensitivity.

“Healthcare delivery is a critical service which serious administrations treat with urgency and with the importance it deserves. With this prolonged strike, our resident doctors are feeling maltreated while the masses suffer.

“The medical and dental officers across state hospitals have also served notice of a warning strike. This combination is a signal of government failure in the health sector. It is unacceptable in our dear state,” the statement read.

The group maintained that the situation could worsen if the grievances of health workers were not urgently addressed, warning that further disruption of services could have serious consequences for patients dependent on public hospitals for affordable and specialised treatment.

It challenged the state government to engage the striking doctors and resolve the outstanding issues, accusing the administration of treating their complaints with insufficient urgency.

The organisation further said healthcare would occupy a priority position in Senator Sharafadeen Alli’s Oyo AHEAD agenda, promising improved welfare and working conditions for health workers.

“Health workers and other civil servants will not be denied their entitlements. They will enjoy training and retraining, and they will have facilities to work with,” it said.

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