The Nigerian government has expressed concerns over Binance's operations, with a presidential adviser criticizing the crypto exchange for alleged malpractices that threaten the Nigerian economy. This comes amid allegations of Binance's role in the recent depreciation of the Naira against major currencies. The situation escalated as Binance's CEO was summoned by a Nigerian committee amid financial crime allegations. In response, a Binance executive clarified that they have no knowledge of Nigeria's request for a $10B fine, nor plans to pay for service restoration or executive release, stating a misrepresentation of statements by presidential adviser Bayo Onanuga. Meanwhile, regulators are being urged to take action against Binance and other exchanges to prevent further manipulation of the Naira.