As investigations proceed, the outcome of this case could set significant precedents for how cryptocurrency-related crimes are handled in Nigeria.
The Nigeria Police Force has intensified its crackdown on cryptocurrency-related offenses, arresting local crypto celebrity Linus Williams, known as BLord. The Force Public Relations Officer, Olumuyiwa Adejobi, confirmed the arrest in a statement released on July 17.
In the statement posted on X, the Nigerian Police Force stated that BLord’s arrest stems from allegations of internet fraud, cryptocurrency fraud, terrorism funding, and violations of the Central Bank of Nigeria (CBN) Act.
The complaints were lodged against Williams and his associated companies: Blord Group, Blord Real Estate Ltd, Blord Jetpaye Limited, and Billpoint Technology.
