Nigeria has asked Binance for information on its top 100 users in the country. The country is also seeking the entire transaction history of the crypto exchange in the country for the last six months.
The development is the latest of the dispute between Nigerian authorities and the crypto exchange.
According to the Financial Times, the Nigeria’s national security adviser also requested the exchange to settle outstanding tax liabilities.
Earlier reports have it that Nigerian authorities demanded Binance to pay a penalty of $10 billion for profiting off of “illegal transactions” at the country’s expense.
Local news outlet, NairaMetrics, report that Nigeria’s central bank governor, Olayemi Cardoso, also said that Binance Nigeria potentially processed illicit flows of $26 billion from unidentifiable sources last year.
Binance has also been accused of contributing to the devaluation of the national currency, the naira.
On Tuesday, Pageone.ng reported that two Binance executives — financial crime compliance team lead Tigran Gambaryan and Africa regional director Nadeem Anjarwalla — have been detained in a Nigerian government housing since Feb. 26.
