Two Nigerian cryptocurrency companies, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, have been convicted for conducting unauthorized USDT-to-naira transactions. They have been ordered to transfer nearly $30,000 to the federal government. This recent decision follows similar cases involving other crypto firms, such as Paparaxy Global Ventures.
The court’s actions aim to regulate and monitor cryptocurrency transactions in Nigeria.
