Crypto Billionaire Blord Arrested in Abuja Over Fraud, Terrorism Funding Allegations

In a stunning turn of events, the Nigeria Police Force has confirmed the arrest of Linus Williams, popularly known as BLord, a crypto billionaire and CEO of Blord Group of Companies. The arrest was made on Tuesday, July 16, 2024, following allegations of cryptocurrency fraud, terrorism funding, and aiding internet fraud against his companies.

According to a statement by Force Public Relations Officer, Olumuyiwa Adejobi, Blord was arrested in Abuja due to complaints lodged against his companies, including Blord Group, Blord Real Estate Ltd, Blord Jetpaye Limited, and Billpoint Technology. The Financial Crimes Investigation Department (FCID) is currently investigating the complaints, which include allegations of cryptocurrency fraud, aiding internet fraud, computer-related fraud, terrorism funding, and non-compliance with regulatory frameworks.

The arrest has sparked a wave of reactions on social media, with Nigerians expressing shock, disbelief, and a healthy dose of “I told you so” vibes. Some are even calling for a thorough investigation to ensure justice is served, while others are just enjoying the drama unfolding before their eyes.

Blord, whose real name is Linus Williams, is known for his lavish lifestyle and social media presence, often flaunting his wealth and success in the cryptocurrency world. Now, it seems his empire might be crumbling faster than a sandcastle in a hurricane.

The Nigerian government is set to charge a 7.5% value-added tax on crypto assets effective July 8, 2024, adding another layer of complexity to the situation. KuCoin, one of the biggest crypto platforms, disclosed in an email to its customers that a 7.5% VAT will apply to transactions, and the cryptocurrency firm disclosed that it will charge users whose KYCs are registered in Nigeria in line with the government’s directives.

The arrest of Blord underscores ongoing efforts to combat financial crimes and maintain regulatory compliance in Nigeria’s digital economy landscape. The FCID is committed to thoroughly investigating the allegations and ensuring the security of Nigeria’s cyberspace.

In the end, only time will tell if Blord will be able to prove his innocence or if he’ll be trading his private jets for a prison cell. But one thing’s for sure: the internet never forgets, and neither do the Nigerian police.