Linus Williams, widely known as Blord, a prominent figure in the cryptocurrency business and a self-proclaimed billionaire, has recently been taken into custody by the Nigerian Police Force.
The arrest follows a series of allegations that cast a shadow on his business operations and practices.
Here are five reasons outlined by the police for Blord’s recent arrest:
The primary accusations against Blord involve internet fraud and computer-related activities that are allegedly illegal. These accusations suggest that Blord’s business operations might not have been entirely above board.
2. Terrorism Funding
Among the more serious charges are allegations of terrorism funding. This implicates Blord in potentially using his wealth and business channels to finance activities related to terrorism, a grave concern for national security.
3. Non-compliance with Regulatory Frameworks
Blord has been accused of failing to adhere to the established regulatory frameworks that govern business and financial operations in Nigeria. This non-compliance could involve a range of issues from failing to meet financial reporting standards to not adhering to the rules governing cryptocurrency exchanges.
4. Aiding Internet Fraud
Beyond personal involvement, Blord is also accused of aiding and abetting internet fraud through his businesses. This could mean providing a platform or resources that facilitate internet fraud by other parties.
5. Involvement in Cryptocurrency Fraud
Specific to his field, Blord faces allegations of engaging in cryptocurrency fraud. This could include scams, misleading investors, or manipulating market conditions for personal gain.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BusinessElitesAfrica – https://businesselitesafrica.com/5-shocking-reasons-behind-blords-arrest-by-nigerian-police/