Bayo Onanuga, adviser to Nigeria’s president, accused Nigerians of being unpatriotic when trading currency on the Binance platform.
An adviser to Nigeria’s president has called for a ban on Binance, KuCoin, and other trading platforms in the country.
Bayo Onanuga — President Bola Tinubu adviser’s on Information and Strategy — took to the X social media platform to allege that these platforms manipulate the naira, contributing to the ongoing decline of the Nigerian currency in the forex market. This is coming amid speculations that the government is already considering ban.
Binance issued a statement on Feb. 22, distancing itself from the forex crisis in Nigeria, saying its platform is “market-driven and not intended to be a proxy for currency pricing in Nigeria.”
