The National Security Adviser (NSA) has alleged that Binance repeatedly ignored demands to provide business records spanning six years, despite a court order compelling it to do so through the Economic and Financial Crimes Commission (EFCC).

According to an affidavit, following Binance’s alleged infractions, the Central Bank of Nigeria’s (CBN) Research Department conducted an analysis in May 2024, estimating that Binance’s activities resulted in economic losses of $7.95 trillion over six months.

Yusuf stated that, due to the infractions committed in Nigeria by the defendants in engaging in foreign exchange and other trading activities, Binance and its executives are liable to the Federal Government for $79.51 billion and ₦231 million in economic losses. Furthermore, the Federal Inland Revenue Service (FIRS) assessed Binance’s outstanding income tax liabilities and issued a demand notice. However, the affidavit claims that Binance refused to comply, prompting legal action.

Meanwhile, the United States Ambassador to Nigeria, Richard Mills, has dismissed allegations that the United States Agency for International Development (USAID) funds Boko Haram or any other terrorist organisation.

Speaking at a meeting with members of the Nigeria Governors’ Forum in Abuja on Wednesday night, Mills stated that there is no evidence to support such claims.

“No country condemns Boko Haram’s violence more strongly than the United States. If any evidence were found, the US government would work with the Nigerian authorities to investigate it,” he assured.

“There is absolutely no evidence of such diversion. If we ever had reason to believe that any programme funding was being misused by Boko Haram, we would immediately investigate it in collaboration with our Nigerian partners,” Mills emphasised.

He further stated that the US maintains strict policies and procedures to ensure that USAID funding or any other assistance—whether from USAID, the Department of Defence, or the State Department—is not diverted to terrorist groups like Boko Haram.

“When it comes to Boko Haram, the United States stands firmly with Nigeria in the effort to rid this country of the scourge that the organisation represents,” he added.

“Let me be clear—no country is a stronger ally to Nigeria in condemning Boko Haram’s violence and disregard for human life than the United States. We designated Boko Haram as a foreign terrorist organisation in 2013, thereby blocking the group from transferring assets to the US and enabling us to arrest and seize its members.”

READ ALSO: Senate Probes Allegations of Foreign Funding for Boko Haram, Summons Security Chiefs

On 13 February, a US Congressman, Scott Perry, accused USAID of funding terrorist groups, including Boko Haram.

Perry, a Republican from Pennsylvania, made the claim during the inaugural hearing of the Subcommittee on Delivering on Government Efficiency.

The session, titled “The War on Waste: Stamping Out the Scourge of Improper Payments and Fraud,” examined allegations of misappropriation of taxpayer funds.

Perry alleged that USAID’s financial activities have directly benefited terrorist groups worldwide, including Boko Haram, Al-Qaeda, and ISIS.

He further claimed that USAID’s annual budget of $697 million, including cash payments to Islamic schools (madrasas), may have inadvertently financed extremist training camps and terror groups.

“Who gets some of that money? Your money—$697 million annually, plus shipments of cash funds to madrasas, ISIS, Al-Qaeda, Boko Haram, ISIS-Khorasan, and terrorist training camps. That’s what it’s funding,” Perry stated.