ANAMBRA POLICE ARREST SUSPECTED ARMED ROBBERY SUSPECT, RECOVER LARGE QUANTITY OF SUSPECTED CANNABIS SATIVA IN OZUBULU. (PHOTO). #PRESS RELEASE.

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 ANAMBRA POLICE ARREST SUSPECTED ARMED ROBBERY SUSPECT, RECOVER LARGE QUANTITY OF SUSPECTED CANNABIS SATIVA IN OZUBULU The Anambra State Police Command has recorded another operational success following a targeted raid operation conducted by operatives of the Rapid Response Squad (RRS), Awkuzu, in the early hours of 5th November 2026, leading to the arrest of a 24-year-old suspect, identified as Chinedu Simon, in Ozubulu, Ekwusigo Local Government Area of the State. The suspect was arrested over alleged involvement in armed robbery and unlawful possession of a large quantity of substances suspected to be Cannabis Sativa. During preliminary interrogation, the suspect allegedly confessed to involvement in the illicit drug trade. Further intelligence gathered by the operatives indicated that suspected criminal elements allegedly converged at his residence before embarking on criminal activities. The suspect is currently in police custody, while investigations are ongoing to establish ...
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BINANCE WILL FACE ALL DUE PROCESS ON CHARGES OF SEVERE FINANCIAL CRIME- FG. (PHOTO). #PRESS RELEASE.

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 Binance Will Face All Due Process On Charges Of Severe Financial Crime – FG 


Against the backdrop of continuing interest in the ongoing trial of rogue online platform, Binance, and one of its Chief Executives, who illegally trade in cryptocurrency in Nigeria, the Minister of Information and National Orientation, Mohammed Idris, has said due processes are being applied in all stages of the trial by the laws of the Federal Republic of Nigeria.

 

“At all stages, due process has been followed, and prosecutors are confident of their case, based on the facts and evidence gathered. Binance will have every opportunity to defend itself in court against these severe charges of financial crimes against the Federal Republic of Nigeria. The next hearing is on June 20, 2024,” Idris said.


The Minister explained that Binance, the defendant, has received consular access and all due care, following normal diplomatic protocols and the rule of law, adding that the judge in the case has sufficiently posited that bail was denied because of the flight risk, after a co-accused, now the subject of an Interpol warrant, illegally absconded.


It would be recalled that Binance had a turnover in Nigeria of over US$20 billion in 2023 alone, far above the federal budget for health and education, fueling currency speculation and the cost-of-living crisis. In addition, it is not registered in Nigeria and neither has it ever paid any taxes within the Nigerian jurisdiction, having all the while operated without oversight or any of the normal guard rails to flag criminal activity.


Idris said it is important that Binance is prefaced as an entity whose representatives have been variously imprisoned, fined, sanctioned, and banned in North America, Europe, and Asia, in recent years. 

 

“Changpeng Zhao, the billionaire co-founder and former CEO of Binance is currently serving a four-month prison sentence in the United States after being found guilty of money laundering, while Binance has openly accepted its role in facilitating terrorism, corruption, sanctions busting, and in aiding and abetting paedophile gangs.


“Law enforcement agencies believe Binance operations in Nigeria are part of a broader international pattern. It will be for the courts here, as in other jurisdictions, to hold the company and its executives accountable,” Idris said.


Rabiu Ibrahim 

Special Assistant (Media) to the Minister of Information and National Orientation.

June 5, 2024

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