Nigerian Archives - Coin Engineer https://coinengineer.net/blog/tag/nigerian/ Btc, Coins, Pre-Sale, DeFi, NFT Thu, 24 Oct 2024 07:25:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Nigerian Archives - Coin Engineer https://coinengineer.net/blog/tag/nigerian/ 32 32 Nigerian Government Drops Charges Against Binance Executive https://coinengineer.net/blog/nigerian-government-drops-charges-against-binance-executive/ https://coinengineer.net/blog/nigerian-government-drops-charges-against-binance-executive/#respond Wed, 23 Oct 2024 17:00:56 +0000 https://coinengineer.net/blog/?p=31326 The Nigerian government has dropped money laundering charges against Binance executive Tigran Gambaryan, who has been in custody since February. A lawyer representing the Economic and Financial Crimes Commission (EFCC) announced the dismissal of the charges on Wednesday morning at the Abuja Federal High Court. However, the government will continue its money laundering case against

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]]> The Nigerian government has dropped money laundering charges against Binance executive Tigran Gambaryan, who has been in custody since February. A lawyer representing the Economic and Financial Crimes Commission (EFCC) announced the dismissal of the charges on Wednesday morning at the Abuja Federal High Court. However, the government will continue its money laundering case against Binance without Gambaryan, and separate tax evasion charges against Binance remain in place.

According to Business Insider Africa and other sources, the decision to drop the charges against Gambaryan was made to allow him to receive medical treatment due to his worsening health. This decision comes just two weeks after a Nigerian court denied a bail request on medical grounds. Gambaryan’s family, in response, expressed that “the medical requirements are evident” and that he should be released based on standard procedures in the country.

Gambaryan was transferred to Kuje prison in March, and his physical and mental health deteriorated rapidly. He suffered from a herniated disc, pneumonia, malaria, and tonsillitis. His condition worsened, and when brought to the Abuja court on September 2nd, his request for a wheelchair was denied. A video of Gambaryan struggling during his court appearance quickly circulated on social media, prompting Binance CEO Richard Teng to call for his release.

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]]> https://coinengineer.net/blog/nigerian-government-drops-charges-against-binance-executive/feed/ 0 Binance Executives Take Legal Action Against Nigerian Authorities: Reports https://coinengineer.net/blog/binance-executives-take-legal-action-against-nigerian-authorities-reports/ https://coinengineer.net/blog/binance-executives-take-legal-action-against-nigerian-authorities-reports/#respond Sun, 31 Mar 2024 10:00:54 +0000 https://coinengineer.io/blog/?p=16970 Two Binance executives, currently detained in Nigeria after their visit for consultations, have filed a lawsuit against two government agencies, alleging violations of their human rights. According to local media reports on Friday, the two Binance executives, who have been held in Nigeria since February, have initiated legal action against the National Security Adviser, Nuhu

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]]> Two Binance executives, currently detained in Nigeria after their visit for consultations, have filed a lawsuit against two government agencies, alleging violations of their human rights.

According to local media reports on Friday, the two Binance executives, who have been held in Nigeria since February, have initiated legal action against the National Security Adviser, Nuhu Ribadu, and the Economic Financial Crimes Commission (EFCC) for allegedly breaching their fundamental human rights.

In their separate filings submitted to the Federal High Court in Abuja, Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, are seeking the court’s intervention to secure their release, return of their passports, and a public apology from the agencies, as per Leadership, citing the government-owned News Agency of Nigeria.

The executives, along with the company, were charged earlier this month with four counts of tax evasion by Nigerian authorities. They were detained upon their arrival in the country after being invited for discussions with officials regarding company matters. Anjarwalla reportedly managed to escape last week after being taken to a mosque for prayers. Central bank governor Olayemi Cardoso accused the company of facilitating the untraceable movement of billions of dollars worth of naira, contributing to currency exchange rate instability.

During a hearing on Thursday, the agencies failed to present representation, as reported by Punch. The case has been adjourned until April 8.

The legal actions have been filed under the case numbers FHC/ABJ/CS/356/24 and FHC/ABJ/CS/355/24.

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