Nigeria has initiated a crackdown on Binance executives, including Tigran Gambaryan, Binance’s Top Crypto Crime Investigator and a former US federal agent focused on cryptocurrency, and Nadeem Anjarwalla, over concerns regarding cryptocurrency's role in the devaluation of the Naira. This action has prompted regulatory measures while the central bank has raised interest rates to 22.75%. Both Gambaryan and Anjarwalla have been held in Abuja without their passports for two weeks. The Nigerian government's actions have sparked discussions, with some viewing the detention of these executives, particularly Gambaryan, who is known for his contributions to anti-terror investigations, as scapegoating for the country's financial issues.