According to DLNews, during the court hearing on Friday, Olubukola Akinwunmi, head of payment policy and regulation at the Central Bank of Nigeria, said that according to court procedures, Binance should not help Nigerians trade cryptocurrencies and that the Central Bank of Nigeria did not issue any licenses to Binance. Prosecutors also accused Binance's US compliance executive Gambaryan of acting as a representative of the company. Both Gambaryan and Binance denied the allegations.