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Binance Executive's Trial Delayed to October 25 Due to Health Concerns
- Judge Emeka Nwite denied bail again, stating that prison conditions can address health needs.
- Tigran Gambaryan's wife reported his declining health, warning of potential permanent damage.
Friday, 18/10/2024 | 17:14 GMT by
Tareq Sikder
Nigerian Court Denies Binance's Tigran Gambaryan Bail amid Health Concerns
- Gambaryan has been detained since February for currency manipulation and laundering.
- Binance has advocated his release, claiming authorities demanded a “secret” payment to resolve their issues.
Friday, 11/10/2024 | 11:02 GMT by
Tareq Sikder
Nigeria Prepares to Regulate Crypto in New Licensing Plan: Report
- The new regulatory framework aims to address past issues, such as the ban on banks facilitating crypto transactions.
- This step follows concerns over currency manipulation impacting the naira.
Tuesday, 20/08/2024 | 16:42 GMT by
Jared Kirui
Binance Money Laundering Trial Postponed in Nigeria over Missing Medical Records: Report
- The judge delayed the trial because a medical report belonging to Binance's Head of Financial Crimes Compliance was not submitted as evidence.
- The court also issued a warrant of arrest for the hospital's medical director and ordered Gambaryan admitted to the hospital for 24 hours.
Tuesday, 16/07/2024 | 17:53 GMT by
Jared Kirui
Binance Scheduled to Face Tax Evasion Charges in Nigerian Court This October
- The exchange's representative pleaded not guilty to all charges during a recent hearing.
- Similar charges against two Binance executives were dropped in June, but they still face separate money laundering allegations.
Friday, 12/07/2024 | 13:35 GMT by
Jared Kirui
SEC Nigeria Sounds the Alarm on Fraudsters Posing as Director General
- Scammers posing as the DG are tricking people into sharing personal info and making payments.
- CySEC and FSMA faced impersonation scams where fraudsters exploited their names and logos.
Friday, 05/07/2024 | 13:40 GMT by
Tareq Sikder
KuCoin to Impose 7.5% Transaction Fee Tax in Nigeria amid Regulatory Uncertainty
- This new value-added tax does not apply to the overall transaction amount.
- The source of approval remains unclear, and it is unclear whether the Nigerian government will authorize it.
Wednesday, 03/07/2024 | 19:56 GMT by
Jared Kirui
Fleeing Binance Executive's Rights Lawsuit Dismissed by Nigerian Court
- Nadeem Anjarwalla escaped from lawful custody to Kenya, complicating the legal proceedings.
- The case involved claims against Nigeria's National Security Adviser and the Economic and Financial Crimes Commission.
Wednesday, 19/06/2024 | 16:55 GMT by
Jared Kirui
Binance Leaders Off the Hook in Nigeria Tax Evasion Case after Legal Shuffle
- Tigran Gambaryan and Nadeem Anjarwalla denied the tax evasion charges and were removed as defendants in the case.
- Nigeria blames Binance amid currency challenges, citing cryptocurrency platforms' role in trading the Nigerian naira.
Friday, 14/06/2024 | 13:39 GMT by
Tareq Sikder
US Legislators Rally Behind Binance's Executive Detained in Nigeria
- Sixteen Republican congressmen, led by Michael McCaul, urged President Biden to intervene for Tigran Gambaryan's release.
- The lawmakers claimed that the charges against Gambaryan were baseless coercion tactics by Nigeria to extort Binance.
Wednesday, 05/06/2024 | 15:19 GMT by
Jared Kirui
Nigerian Court Clears Binance Executive for Trial in Tax Evasion Case
- The case involves allegations of laundering $35 million and unauthorized financial activities.
- Binance's CEO criticizes the detention of executives during talks, labelling it a dangerous precedent.
Friday, 17/05/2024 | 14:11 GMT by
Tareq Sikder
Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
- The judge postponed the trial to May 17 to give Binance's lawyers time to review the 300-page document.
- Binance and its executives also face tax evasion allegations brought by Nigeria's EFCC.
Thursday, 02/05/2024 | 16:48 GMT by
Tareq Sikder
Crackdown on Binance: Nigeria Court Orders the Exchange to Disclose Customers’ Data
- The data would help the investigative agencies to unravel the alleged money laundering and terrorism financing on Binance.
- Nigeria detained two of Binance’s executives and reportedly demanded $10 billion.
Tuesday, 19/03/2024 | 05:46 GMT by
Arnab Shome
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