Binance founder and CEO Changpeng Zhao (CZ) said in a Twitter Space that the "Binance Company" mentioned by the Nigerian Securities and Exchange Commission was not registered by them, but was a fraud that used the name of Binance. If necessary, they are willing to assist local regulators.
Earlier news, the Nigerian Securities and Exchange Commission issued an announcement stating that Binance Nigeria Limited is neither registered nor regulated by the Nigerian SEC, so its business in Nigeria is illegal. Any investing public dealing with this entity must bear their own risks.