The Office of the National Security Adviser; NSA,  has confirmed that the Federal Government is investigating the operations of Binance, and some other crypto currency exchange companies in Nigeria. Financial Times had on Wednesday reported that two executives of Binance were arrested and detained by the Nigerian government. The executives were reported to have flown into the country last week following a ban on their website. The Nigerian Communications Commission had on February 21, 2024, blocked online platforms like Binance and other crypto firms to avert the continuous manipulation of the forex market and illicit movement of funds. The Head of Strategic Communication, Office of the National Security Adviser, Zakari Mijinyawa, said the office was coordinating the activities of other agencies to investigate the operations of the company. He said, “The office is leading and coordinating an interagency process by law enforcement officers – this includes ongoing investigations into the operations of Binance.  Outcomes from this interagency investigation will be made available in due course. “ He,  however,  did not deny or confirm that the two executives were arrested Binance is an online exchange where users can trade cryptocurrencies. The  Central Bank of Nigeria Governor, Olayemi Cardoso, at a press briefing after the 293rd meeting of the Monetary Policy Committee in Abuja on Tuesday, disclosed that more than $26bn was channeled through  Binance without traces in the last one year. He added that the CBN was moving to a very aggressive regulatory environment.