Canada fines Binance $4.38m for breach of money laundering laws

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has fined Binance, a popular cryptocurrency platform, “$6 million for violating the country’s money laundering and terrorist financing laws”. According to international media, the fine is valued in Canadian dollars, bringing the total amount to USD4.38 million when converted. In a recent statement on its …

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Oil Derivation Fund: Lagos Receives N3.78bn In One Year

Governor of Lagos state, Babajide Sanwo-Olu The Lagos State government has said that it received N3.78bn between 2020-2021 as its share of 13 percent oil derivation fund from the Federal Government. The Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye, disclosed this on Wednesday during a ministerial press …

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