Reason for BLord’s Arrest by Nigerian Police

The Nigeria Police Force has confirmed the arrest of a crypto billionaire, Linus Williams, popularly known as BLord.

According to a statement on Tuesday by the Force Public Relations Officer, Olumuyiwa Adejobi, BLord was arrested for offences related to alleged internet fraud, terrorism funding, and violation of the CBN act based on complaints lodged against him and his company.

Adejobi promised that the Police would do due diligence in the investigations into the allegations against the crypto billionaire and ensure Nigeria’s cyberspace is safe and secure.

“The FCID (NPF-NCCC) is currently investigating complaints lodged against BLORD GROUP, BLORD REAL ESTATE LTD, BLORD JETPAYE LIMITED, and BILLPOINT TECHNOLOGY.

“These offences include allegations bothering on cryptocurrency fraud, aiding internet fraud, computer-related fraud, terrorism funding, and non-compliance with regulatory frameworks.

“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,” the statement reads.