The Unfolding Binance Situation in Nigeria by Ismail Babalola

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First, this escape of the Binance executive is sadly quite embarrassing for Nigeria, and the Government has a responsibility to thoroughly investigate it and ensure that the persons into whose care the escapee was entrusted are punished to the fullest extent of the law.

Former Governor of Bayelsa, Diepreye Alamieyeseigha famously escaped from the UK authorities in 2005, dressed as a woman, and while on a £1.25m bail bond, another equally embarrassing episode for that government. These things happen. The detained Binance executives in Nigeria were rightly held under a form of house arrest, not prison custody.

For me, the most important part of the ONSA statement is this paragraph: “Upon receiving this report, this office took immediate steps, in conjunction with relevant security agencies, MDAs, as well as the international community, to apprehend the suspect. Security agencies are working with Interpol for an international arrest warrant on the suspect.”

 

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