Binance CEO Richard Teng's bribery allegations against Nigerian officials may hinder foreign investment in the country, warns Africa-focused risk consultancy SBM Intelligence. The firm emphasizes the need for a thorough investigation to maintain investor confidence. The allegations, which the Nigerian government denies, involve Binance executives being solicited for a cryptocurrency bribe before their detention. SBM Intelligence highlights the gap between the government's negative view of cryptocurrencies and their growing popularity among citizens. The firm warns that the detention of foreign business officials could deter potential investors.