Linus Williams
By Victory Oghene
Three days after he was arrested over alleged cryptocurrency fraud, aiding and abetting internet fraud, engaging in computer-related fraud, funding terrorism, and failing to comply with the Central Bank of Nigeria (CBN) regulatory frameworks, Nigerian Cryptocurrency billionaire popularly known as BLord has regained his freedom.
BLord was granted bail by the police.
The new of his release was made known by controversial self-acclaimed social media activist, VeryDarkMan in a post via his Instagram page on Friday.
This is coming after BLord’s management had debunked the allegations of his arrest, clarifying that he was simply invited for questioning.
NATIONAL WAVES had reported that the Federal Criminal Investigation Department (FCID) of the Nigerian Police Force, National Cybercrime Center (NPF-NCCC), arrested and detained the CEO of BLORD Group of Companies.
The inquiry according by the police was extended to several entities under the BLORD umbrella, including BLORD REAL ESTATE LTD, BLORD JETPAYE LIMITED, and BILLPOINT TECHNOLOGY.
The investigation followed complaints that these companies were involved in a series of serious offences.
In a statement released by the Force Public Relations Officer, ACP Olumuyiwa Adejobi, the police emphasized their commitment to thorough and diligent investigations.
“Our cyber space in Nigeria must be safe and secure by all means. We are committed to achieving that,” Adejobi asserted.
He highlighted the critical importance of maintaining the integrity of Nigeria’s digital environment, indicating that no effort would be spared in ensuring that the allegations were meticulously investigated.
The allegations have come at a time when Nigeria is intensifying its efforts to combat cybercrime and enhance the security of its digital infrastructure.
The focus on regulatory compliance, particularly concerning the CBN Act, underscores the country’s commitment to upholding financial regulations and preventing illicit financial activities.
As the investigation unfolds, the FCID will continue to scrutinize the activities of BLORD Group of Companies and its affiliates.
The outcome of the probe is expected to have significant implications for the involved entities and the broader efforts to enforce cyber security and regulatory compliance in Nigeria.
