Binance Nigeria: What happens to your money?

Binance, the biggest platform for exchanging crypto currency, is facing trouble in Nigeria. The online service is among one of the most popular ways for Nigerians to trade in digital currency.

The company and two of its executives are expected to appear in court on charges of money laundering and tax evasion.

It comes as a court in the US handed a four-month prison sentence to the founder of Binance, after he pleaded guilty to money laundering.

So what happens to your money if you are in Nigeria? Nkechi Ogbonna explains.

Video produced by Marco Oriunto and Gem O'Reilly