I don't know what they stand to achieve in this they are into, it is not legal that they detained the personnel on such ground for nothing sake, all these adjournment makes no sense because they are not ready to bring out something quality for the whole duration of time needed to conclude on their case, after which one person already have escaped, now will they judge on putting them into jail or do what concerning their matter after detaining them.
It seems to me that the Nigerian government is getting more and more involved in this case. There are a lot of suspicious things that have happened around this case and it would have been better if the Nigerian government had stopped it instead of postponing it.I doubt the case will close because the Nigerian government must try to seek out payments in form of fines from Binance before letting Do Kwon go.
In any case, I think that they will not gain anything new from the postponement except to procrastinate and gain more time. Perhaps in the meantime they can blackmail Binance with some money to end the case.
It seems to me that the Nigerian government is getting more and more involved in this case. There are a lot of suspicious things that have happened around this case and it would have been better if the Nigerian government had stopped it instead of postponing it.Apart from Binance which is an international company. Nigerian government knows how to manipulate any legal petition before them. Most of the detainees would either bribe or do something more than that to regain freedom. When I heard about the escape of Binance executives, I understood that something Nigerian has happened.
In any case, I think that they will not gain anything new from the postponement except to procrastinate and gain more time. Perhaps in the meantime they can blackmail Binance with some money to end the case.
It will depend on how serious Binance is and how much the government wants to make money from the platform. The matter will end in a judicial settlement, but the question is how much the cost will be, is it high or a low amount?According to President Tinubu’s special adviser on information and strategy, Bayo Onanuga, he said the fine can be up to $10 billion. It was what BBC misinterpreted until he said Binance has not been fined yet but what could possibly happen. But nobody knows what the fine can be until the the judgement.
I'll look forward to 19th to knowing what will be the outcome of the matter. However, it will correct if you say that Nigerian government is already winning the battle.Yes, the case will be on April 19, but as I read in Cointelegraph, “according to new reports, the bail hearing has been postponed until April 18. Some publications also stated that the hearings on the charges will begin on May 2.”
According to President Tinubu’s special adviser on information and strategy, Bayo Onanuga, he said the fine can be up to $10 billion. It was what BBC misinterpreted until he said Binance has not been fined yet but what could possibly happen. But nobody knows what the fine can be until the the judgement.
The fine imposed by the United States was about $2.5 billion, and given US, this amount has been settled, but it is difficult to believe that Binance may commit to paying $1 billion to continue in the Nigerian market, and the court and the government will not benefit anything if such a fine is imposed.Nigeria has always disappoint we its citizens. It is so bad to the extent that the government later know that they have huge amount they can generate from crypto taxing from exchanges but you can see the wrong moves they made of accusing Binance and blocking their website including all other centralized exchanges websites that I know. Even I can not access blockchain explorer after the exchanges website ban. Although, we can still access the exchanges using the app, including Binance. I think if the government make a better regulation instead and make the exchanges to have offices in Nigeria would have been a better approach and which will favour these foreign exchanges and the Nigerians, including the government.
I expect the settlement to be made for a few million dollars, perhaps 50 or 100 million.
And wasn't there another guy who was detained there with him as well with passport confiscated and not allowed to leave? What has happened to him?You are right, they detained two persons in their country, but the other person escaped sometime last month, lol. I don't know how he managed to escape, since the country claims they seized his international passport, yet he got on an international flight and left the country.