Nigeria | ForkLog

ForkLog 7 03.09.2024

Binance Executive Tigran Gambaryan Appears in Nigerian Court on Crutches

Tigran Gambaryan, Vice President for Global Intelligence and Investigations at Binance, appeared at resumed court hearings in Nigeria on crutches due to the denial of a wheelchair. This was reported by The Block, citing a statement from the defendant’s family. The authorities of the African nation have held the American citizen executive in prison for […]

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ForkLog 7 27.08.2024

Binance CEO Highlights Deteriorating Condition of Executive Tigran Gambaryan

Binance has called upon the US government and various global organizations to assist in the release of executive Tigran Gambaryan.

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ForkLog 7 12.07.2024

US Lawmaker Urges Nigeria to Release Binance Executive

Washington should declare Tigran Gambaryan, Binance’s Vice President of Global Intelligence and Investigations, who is detained in Nigeria, as a hostage if his case remains unresolved by mid-July. This is stated in a resolution by US Representative Rich McCormick. He believes the actions of Nigerian authorities are unlawful. He urged the US government to take […]

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ForkLog 7 08.07.2024

Witness Labels Binance’s Operations in Nigeria as Illegal

A Nigerian court has heard the prosecution’s arguments in the case against Binance and the exchange’s Vice President for Global Intelligence and Investigations, Tigran Gambaryan. This was reported by Premium Times. The second witness in the proceedings was Olubukola Akinwumi, Deputy Head of the country’s Central Bank. He stated that the department he leads, responsible […]

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ForkLog 10 27.06.2024

Nigerian SEC Demands Crypto Firms Register Within 30 Days

On June 21, Nigeria’s SEC announced that cryptocurrency firms operating in the country must re-register their activities or face enforcement actions. This new registration requirement is linked to changes in the rules governing the issuance of digital assets, platforms, exchanges, and custody concerning virtual asset service providers (VASP). “All existing and potential VASPs are required […]

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ForkLog 11 23.06.2024

Nigeria Refutes Claims of Poor Conditions for Binance Executive

Nigeria’s Minister of Information, Mohammed Idris, has dismissed as false the allegations regarding the poor conditions of Tigran Gambaryan, Vice President of Global Intelligence and Investigations at the cryptocurrency exchange Binance. Binance Executive on Lawful Trial Has Access to Quality Medical Care — FG It has become necessary for the Federal Government of Nigeria to […]

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ForkLog 12 21.06.2024

US Lawmakers Highlight Deteriorating Health of Binance Executive in Nigerian Prison

Members of the US House of Representatives, French Hill and Chrissy Houlahan, visited Tigran Gambaryan, the Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, who is currently held in a Nigerian prison. Yesterday, @RepHoulahan and I visited with US citizen Tigran Gambaryan in Kuje Prison in Nigeria. We found him suffering from […]

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ForkLog 10 14.06.2024

Nigeria Drops Tax Charges Against Binance Executives

The Federal Inland Revenue Service (FIRS) of Nigeria has dropped tax charges against Binance cryptocurrency exchange employees Tigran Gambaryan and Nadim Anjarwalla. This was reported by CoinDesk, citing a family spokesperson of one of the individuals involved. FIRS agreed that the tax evasion case pertains directly to the trading platform, which will be the sole […]

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ForkLog 8 12.06.2024

Nigerian Authorities Accuse Binance of Evading Taxes on $20 Billion Turnover

The cryptocurrency exchange Binance reportedly generated over $20 billion in revenue from Nigeria in 2023 alone, yet failed to pay taxes. This was stated by the country’s Minister of Information, Mohammed Idris, to local media. According to him, the trading platform’s turnover significantly “exceeded the federal budget for health and education, fueling currency speculation and […]

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ForkLog 3 07.06.2024

Former US Officials Urge Release of Binance Executive Detained in Nigeria

108 former federal prosecutors and agents from the United States have penned a letter to Secretary of State Antony Blinken, urging assistance in securing the release of Tigran Gambaryan, Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, from custody in Nigeria. They argue that the US government is making “insufficient efforts” in […]

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ForkLog 5 05.06.2024

US Congress Urges Biden to Intervene in Binance’s Nigerian Dispute

Members of the US Congress have called on President Joe Biden to intervene in the legal proceedings involving cryptocurrency exchange Binance in Nigeria and to assist in repatriating the company’s top executive, Tigran Gambaryan. ?NEW: House members including Chairman @RepMcCaul of the @HouseForeignGOP have sent a letter to @POTUS, @SecBlinken and @StateSPEHA urging them to […]

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ForkLog 4 24.05.2024

Binance Executive Contracts Malaria in Nigeria, Court Hearing Postponed to June 20

A Nigerian court has postponed the trial concerning Binance due to the illness of the accused, Tigran Gambaryan, Vice President of Global Intelligence and Investigations at the cryptocurrency exchange. This was reported by Reuters. The defense stated that the defendant’s health deteriorated sharply on Wednesday, May 22, preventing him from attending the hearing. “He received […]

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