Nigeria | ForkLog

ForkLog 144 28.07.2025

From risk to regulation: how South Africa became Africa’s crypto leader

South Africa is emerging as a key player in the continent’s crypto ecosystem. According to Statista, industry revenue in the country will reach $615.5m this year and rise to $637.9m by 2026. Unlike jurisdictions where digital assets flourish amid economic crises, South Africa’s growth stems from clear regulation, mature infrastructure and strategic deployment of the […]

AI translated

ForkLog 15 08.04.2025

Nigerian Court Postpones Binance Tax Evasion Case

The Federal High Court in Abuja has postponed the tax evasion case against the bitcoin exchange Binance to April 30, as reported by Reuters. The court granted the Federal Inland Revenue Service (FIRS) additional time to prepare a response to the platform’s query regarding the legality of serving court documents via email. Binance’s lawyers noted […]

AI translated

ForkLog 10 28.03.2025

Nigeria Accuses Binance of Links to Terrorism and Kidnapping

Terrorists and kidnappers have used the Binance exchange to transfer funds, according to Nigeria’s Minister of Information, Alhaji Mohammed Idris, in an interview with DL News. He stated that the platform facilitated the financing of criminal activities, exacerbating the country’s security issues. “We have managed to find evidence linking Binance to terrorists and other criminal […]

AI translated

ForkLog 6 19.02.2025

Nigeria Files $81.5 Billion Lawsuit Against Binance

The Nigerian authorities have initiated a lawsuit against the cryptocurrency exchange Binance, seeking compensation totaling $81.5 billion. This was reported by Reuters, citing court documents. The claim includes $79.5 billion for alleged economic damages and $2 billion for unpaid taxes over two years. According to the Federal Inland Revenue Service of Nigeria (FIRS), Binance has […]

AI translated

ForkLog 34 17.12.2024

Nigerian Authorities Detain 792 in Bitcoin Fraud Crackdown

Officials from the EFCC have dismantled a major fraudulent call center in Lagos, detaining 792 suspects. This was reported by local media. Among those detained are 158 foreigners, including citizens of China, the Philippines, and Kazakhstan. Source: Cable. According to authorities, foreign coordinators hired Nigerians to carry out investment and romance scams. They lured victims […]

AI translated

ForkLog 6 24.10.2024

Binance CEO Comments on Tigran Gambaryan’s Release

Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, Tigran Gambaryan, has left Nigeria after eight months of detention. This was confirmed by his family to CoinDesk. The CEO of the trading platform, Richard Teng, commented on his colleague’s release. We are deeply relieved and grateful that Tigran Gambaryan has finally been released […]

AI translated

ForkLog 16 23.10.2024

Charges Dropped Against Binance Executive Tigran Gambaryan

The Nigerian government has dropped all charges against Tigran Gambaryan, a senior executive at the cryptocurrency exchange Binance. This was reported by local media. The decision was announced during a closed session of the Federal High Court in Abuja on October 23 by the prosecutor representing the Economic and Financial Crimes Commission (EFCC). October 24, […]

AI translated

ForkLog 41 20.10.2024

US Attorneys General Urge Biden to Aid in Release of Tigran Gambaryan

A coalition of attorneys general from 18 states has appealed to US President Joe Biden and Secretary of State Antony Blinken to designate Binance executive Tigran Gambaryan as a hostage. “In light of the alarming circumstances surrounding the unlawful detention of Tigran Gambaryan in Nigeria, I support my colleagues in urging the Biden administration to […]

AI translated

ForkLog 4 11.10.2024

Nigerian Court Again Denies Bail to Binance Executive

A judge in Abuja has rejected a bail application for Tigran Gambaryan, Binance’s Vice President for Global Intelligence and Investigations, according to an email from a family representative to ForkLog. The decision was made despite clearly demonstrated medical grounds and contradicts established judicial practices in Nigeria, the press release stated. Gambaryan, a US citizen, and […]

AI translated

ForkLog 8 01.10.2024

Yuki Gambaryan Urges US State Department to Intervene in Husband’s Case

The wife of Tigran Gambaryan, an arrested Binance executive in Nigeria, has called on the US State Department to assist in his release. Yuki Gambaryan made her appeal on the Designated podcast. According to Yuki Gambaryan, Tigran’s health is rapidly deteriorating. He requires a tonsillectomy due to persistent respiratory infections and is unable to walk […]

AI translated

ForkLog 7 13.09.2024

Why Tigran Gambaryan’s arrest matters beyond Binance

On February 26, 2024, Nigerian authorities detained Binance’s vice president for global intelligence and investigations, Tigran Gambaryan. Half a year on, he remains in custody, and the executive’s family says his health has been seriously harmed. A day before the detention, the executive, together with the exchange’s director for West and East Africa, Nadeem Anjarwalla, […]

AI translated

ForkLog 23 12.09.2024

Nigerian Authorities Freeze $330,000 in Crypto Exchange Accounts

Nigeria’s Economic and Financial Crimes Commission (EFCC) has secured a court order to freeze 22 bank accounts belonging to USDT sellers on crypto exchanges such as Bybit and KuCoin. The total amount frozen is 548.6 million naira ($330,000), according to local media. EFCC investigators have accused traders of manipulating the exchange rate of the Nigerian […]

AI translated

#Nigeria