Nigerian crypto tycoon B-Lord taken into custody over fraud and terrorism links

Nigerian crypto tycoon B-Lord taken into custody over fraud and terrorism links

The Nigeria Police Force has confirmed the arrest of Linus Williams, better known as BLord, the Chief Executive Officer of Blord group of companies and a renowned cryptocurrency billionaire. Blord was apprehended in Abuja on Tuesday, July 16, following allegations of cryptocurrency fraud, terrorism funding, and aiding internet fraud against his firms.

In a statement, police spokesperson Muyiwa Adejobi stated that the Force Criminal Investigation Department (FCID) and the NPF-NCCC are currently investigating complaints lodged against Blord Group, Blord Real Estate Ltd, Blord Jetpaye Limited, and Billpoint Technology. These allegations include cryptocurrency fraud, aiding internet fraud, computer-related fraud, terrorism funding, and non-compliance with regulatory frameworks.

READ MORE AT PUNCH.

Report

Leave a Reply

Your email address will not be published. Required fields are marked *