Blord’s arrest on fraud and terrorism charges might be either an official police introduction or a character assassination. Released on bail, he claims the allegations are baseless.
It appears that Linus Williams, famously known as Blord, has received the Nigerian police’s official memo in a grand fashion. The cryptocurrency billionaire, whose arrest over allegations of terrorism funding and fraud sent shockwaves through the financial community, is now at the center of what might be the country’s most high-profile Youth character assassination or simply an elaborate police introduction.
On Tuesday, the police headquarters in Abuja announced that the Chief Executive Officer of Blord Group of Companies was arrested following suspicions of cryptocurrency fraud, aiding internet fraud, and terrorism funding. ACP Olumuyiwa Adejobi, Force Public Relations Officer, disclosed this in a statement titled, “Alleged Fraud, Violation of CBN Act: Police Interrogates CEO Blord Group of Companies, Linus Williams.” Adejobi emphasized the severity of the charges, which also involved Blord Real Estate Ltd, Blord JetPaye Limited, and Billpoint Technology.
“Our cyber space in Nigeria must be safe and secured by all means. We are committed to achieving that
Adejobi stated .
Blord’s arrest and subsequent bail three days later were first reported by the controversial social media activist VeryDarkMan, who hinted that Blord’s release was due to “much begging and crying.” Despite the allegations, Blord was quick to resume his social media presence, declaring himself the “Youth President For A Reason” in an Instagram post alongside celebrity billionaire Obi Cubana .
In a somber turn, Blord reflected on the recent death of Nigerian Senator Ifeanyi Uba. He shared,
“Someone that called and begged for my release is the one dead; you can see life is truly nothing. Let’s be guided EVERYTHING. Rest in peace Senator, we had an appointment next week so I can come say thank you, But you are no more. Chai
Blord’s company quickly countered the arrest narrative, claiming he was merely invited for questioning. This twist in the tale brings to light the precarious balance between regulatory actions and potential reputational damage in Nigeria’s fast-evolving digital finance sector. If the accusations against Blord prove unfounded, this episode could be seen as an attempt at character assassination, an all-too-common tactic in the corridors of power.
This saga exemplifies the power struggles within Nigeria’s financial ecosystem, where innovation and regulation often collide. As the investigations proceed, BlaccTheddi Post remains committed to unveiling the truths behind these headlines, ensuring our readers are informed and engaged.
In the words of ACP Adejobi, “We will do due diligence in our investigations” . Whether this diligence leads to a vindication or further condemnation of Blord remains to be seen, but one thing is clear: Nigeria’s cyber space is a battleground, and Blord is its current poster child.
