Linus Williams, popularly known as “BLord”, a prominent figure in the Nigerian cryptocurrency community, has been arrested by the Nigerian Police Force. The arrest took place in Abuja, the country’s capital, following allegations of cryptocurrency fraud, terrorism financing and facilitating internet fraud.
Force Public Relations Officer ACP Olumuyiwa Adejobi confirmed the arrest, stating that BLord faces several charges, including failure to comply with the Central Bank of Nigeria (CBN) Act and computer fraud. The Financial Crimes Investigation Department (FCID) is investigating BLord Group and related entities.
BLord’s arrest has sparked significant interest and debate within and outside Nigeria, raising questions about the security and regulation of the cryptocurrency industry in the country.
News of BLord’s arrest comes amid a growing crackdown on cryptocurrency-related crimes in Nigeria. The country is grappling with financial crimes and cybersecurity issues, and authorities are stepping up efforts to combat such activities.
The Nigerian Police Force has reaffirmed its commitment to ensuring the safety and security of the nation’s cyberspace. The arrest of BLord is seen as a significant step in this direction, sending a strong message to those involved in fraudulent activities in the cryptocurrency space.
