Nigerian Police Arrests Crypto Influencer BLord for Alleged Crypto Fraud and Offenses
The Nigerian Police Force has arrested Linus Williams, a well-known local crypto celebrity known as BLord, for alleged crypto fraud.
In a Wednesday post on X, Olumuyiwa Adejobi, the Force Public Relations Officer, confirmed the arrest, adding that he is accuded of internet fraud, cryptocurrency fraud, terrorism funding, and violations of the Central Bank of Nigeria (CBN) Act.
The police statement implicates BLord and his associated companies, namely Blord Group, Blord Real Estate Ltd, Blord Jetpaye Limited, and Billpoint Technology.
BLord, known for his flamboyant lifestyle and prominent role in the cryptocurrency community, has been a subject of controversy.
His companies have faced scrutiny due to their rapid growth and the question of their compliance with Nigeria’s strict regulatory framework.
“The FCID (NPF-NCCC) is currently investigating complaints lodged against Blord Group, Blord Real Estates Ltd, Blord Jetpaye Limited and Billpoint Technology,” Adejobi said.
“We will do due diligence in our investigations. Our cyber space in Nigeria must be safe and secured by all means. We are committed to achieving that.”
ALLEGED FRAUD, VIOLATION OF CBN ACT, POLICE INTERROGATES CEO BLORD GROUP OF COMPANIES, LINUS WILLIAMS
The FCID (NPF-NCCC) is currently investigating complaints lodged against BLORD GROUP, BLORD REAL ESTATE LTD, BLORD JETPAYE LIMITED, and BILLPOINT TECHNOLOGY. These offences… pic.twitter.com/XTQa5SKucT
— Nigeria Police Force (@PoliceNG) July 16, 2024
BLord’s arrest is just one example of Nigeria’s recent crackdown on cryptocurrency-related offenses.
In February, Nigerian authorities detained two individuals, Tigran Gambaryan and Nadeem Anjarwalla, on charges of money laundering and tax evasion.
The action followed the
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