Following the recent events involving Binance executives in Nigeria, local officials have reportedly requested data on the exchange’s top 100 largest customers. Reports indicate that Nigerian authorities are seeking access to this information in relation to alleged foreign exchange rate manipulation involving the naira currency. Additionally, officials are requesting six months of transaction history from Binance’s top users in the country, as detailed in correspondence obtained by the Financial Times.

The national security adviser’s office in Nigeria is also said to be urging Binance to settle any outstanding tax obligations. Despite reaching out to Binance for comment, Crypto.news has not received a response at this time.

This development comes on the heels of the detention of two Binance executives, Nadeem Anjarwalla and Tigran Gambaryan, who are integral to the exchange’s operations in Africa. These individuals are reportedly being held without charge, with their phones and passports confiscated.

The actions taken by Nigerian officials are part of efforts to stabilize the naira and combat currency speculation facilitated by crypto exchanges. Previously, the Nigerian government instructed telecom and internet service providers to restrict access to various crypto exchanges, including Binance, Coinbase, and Kraken, in an effort to mitigate currency depreciation. In response, Binance ceased trading with the naira on its platform.

For more information on this developing story, stay tuned to Global Crypto News.

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