Posted on 2024-07-16

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Written by Gist paper

CRYPTO BILLIONAIRE BLORD ARRESTED IN ABUJA OVER ALLEGATIONS OF FRAUD AND

Overview

The Nigeria Police Force has confirmed the arrest of Linus Williams, popularly known as Blord, a well-known cryptocurrency trader and businessman. The Force spokesperson, Olumuyiwa Adejobi, disclosed the details in a statement on Tuesday, July 16. Blord faces serious charges, including cryptocurrency fraud, terrorism funding, and aiding internet fraud.

Arrest Details

Blord was apprehended in Abuja on Monday, July 15. The arrest followed a series of complaints against his companies. The Federal Criminal Investigation Department (FCID) is actively investigating the allegations against Blord and his associated entities, including BLORD GROUP, BLORD REAL ESTATE LTD, BLORD JETPAYE LIMITED, and BILLPOINT TECHNOLOGY.

Police Commitment

In his statement, Adejobi assured the public of the police's dedication to conducting a thorough investigation. He emphasized the importance of securing Nigerias cyberspace, highlighting the polices commitment to ensuring due diligence in this high-profile case.

We will do due diligence in our investigations. Our cyber space in Nigeria must be safe and secured by all means. We are committed to achieving that, Adejobi stated.

Public Reaction

The arrest has sparked widespread reactions across social media. Opinions vary, with some questioning the roles of different law enforcement agencies, while others express concern over the gravity of the allegations. Social media user @gwenshuga tweeted, Are these not EFCC duties? Another user, @TheUptown_SA, noted, Social media can be a source of fame, but it can also be a source of downfall if you don't handle it properly.

Ongoing Developments

Legit.ng previously reported on the reactions of social media activist Verydarkman, who challenged Blords influence following his arrest. The activist's remarks have further fueled discussions online.

As investigations continue, the Nigerian public remains eager for updates on this unfolding story. The case against Blord underscores the ongoing efforts to regulate and secure the burgeoning cryptocurrency sector in Nigeria.