The Nigerian government has filed criminal charges against four individuals and several companies for allegedly conducting illegal cryptocurrency transactions, including converting USDT to naira, without a banking license. The four are Ejiogu A.
Chinedu, Nnamdi F. Okereke, Oty Ugochukwu Stanley and Chukwuebuka F. Ogumba. The defendants are accused of violating the Banks and Other Financial Institutions Act and the Foreign Exchange Act.
The case stems from the EFCC’s investigation into alleged naira manipulation and money laundering through virtual cryptocurrency exchange platforms.
