The Biafra Republic Government In-Exile (BRGIE), led by pro-Biafra activist Simon Ekpa, ahs unveiled Biafracoin Cryptocurrency website, offering an 18% interest rate amidst crackdowns on crypto platforms by the Tinubu-led administration.
Ekpa and BRGIE announced the launch, providing digital savings solutions for Igbo people and others amidst economic challenges in Nigeria.
The move comes shortly after BRGIE introduced Biafracoin and the Bank of Biafra, presenting alternatives for wealth preservation in the face of Nigeria’s economic turmoil.
Meanwhile, the Nigerian government demanded a $10 billion fine from popular crypto platform Binance, accusing it of illegal operations that contributed to the naira’s devaluation.
Bayo Onanuga, Special Adviser to President Bola Tinubu, confirmed the fine, alleging Binance’s role in destabilizing Nigeria’s economy by fixing exchange rates illegally.
As the crackdown intensified, Binance removes the naira from its peer-to-peer feature, with Onanuga warning of dire consequences if the platform’s actions are not curbed swiftly.
