Binance Says It Was Asked for ‘Secret’ Payment Over Nigeria Woes

May 7, 2024, 11:53 AM UTC

Binance Holdings Ltd. said it was asked for a large payment in Nigeria to make problems there “go away,” and repeated calls for the release of its employee who’s been jailed in the West African nation.

Chief Executive Officer Richard Teng made the claim in a blog on Monday, detailing how the world’s largest cryptocurrency exchange tried to engage with Nigerian authorities, including a Jan. 8 meeting in Abuja, the capital, where it was confronted with criminal allegations.

“As our employees were leaving the venue, they were approached by unknown persons who suggested to them to make a payment in ...

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