CryptoNews

Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000

Nigerian Crypto Crackdown: Recent Court Convictions

A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government. The latest court decision came just a few months after other crypto firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited, were ordered to transfer just over $95,000 to the federal government as part of a plea bargain agreement. The country’s anti-graft body has also secured a court order to freeze over $325,000 held in the accounts of individuals and businesses suspected of engaging in unauthorized foreign exchange transactions.

Source: Bitcoin

Related posts
GamingNews

Ubisoft Confirms Just Dance+ Price Increase After Reshuffle

GamingNews

Game Devs Defend Highguard Amid Launch Backlash

GamingNews

Capcom Drops Monster Hunter Wilds Patch That Aims to Improve Optimization for 'Steam-Specific Processes' and Address Long-Standing PC Issues

CryptoNews

Robert Kiyosaki Regrets Selling Bitcoin, Says Window Open to Buy More BTC

Sign up for our Newsletter and
stay informed!