Nigeria | ForkLog

ForkLog 11 17.05.2024

Nigerian Court Denies Bail to Binance Executive

On May 17, the Federal High Court in Abuja rejected a bail application for Tigran Gambaryan, Vice President of Global Intelligence and Investigations at cryptocurrency exchange Binance, according to local media. Reports indicate that the judge, after a thorough review of the application, concluded that the accused would not appear in court if released on […]

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ForkLog 7 09.05.2024

Nigerian Authorities Refute Binance Bribery Allegations

Nigeria’s Ministry of Information has dismissed as false the bribery allegations against unidentified officials, previously made by the cryptocurrency exchange Binance. This was reported by Bloomberg. The ministry views this as a diversionary tactic in the ongoing investigation into the platform and an attempt to undermine the country’s government. “There is not a shred of […]

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ForkLog 8 07.05.2024

Binance CEO Accuses Nigerian Authorities of Seeking Control Through Executive’s Arrest

The detention of top executives from the cryptocurrency exchange Binance in Nigeria during business negotiations sets a dangerous precedent for companies worldwide, according to Richard Teng, CEO of the trading platform. He explained that Binance’s Vice President of Global Intelligence and Investigations, Tigran Gambaryan, and the exchange’s Director for West and East Africa, Nadim Anjarwalla, […]

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ForkLog 13 03.05.2024

Nigerian Fintech Firms Warn Clients Against Cryptocurrency Transactions

Nigerian fintech companies Moniepoint, PalmPay, and Paga have cautioned clients against conducting cryptocurrency transactions through their services, threatening to block accounts. Users have shared relevant messages. MoniePoint will shut down your account and report you to the authority if you make any attempt to trade cryptocurrencies, NFTs, or other virtual assets via their platform. My […]

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ForkLog 13 24.04.2024

Nigeria’s Central Bank Denies Order to Freeze Crypto Exchange Accounts

The Central Bank of Nigeria (CBN) has refuted the authenticity of a previously published Cointelegraph circular, which allegedly demanded financial institutions to identify individuals or entities involved in transactions with cryptocurrency exchanges and freeze their accounts. This information does not originate from the Central Bank of Nigeria. For authentic updates, please visit the official website […]

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ForkLog 8 21.04.2024

Nigerian Court Adjourns Binance Tax Evasion Case

A Nigerian court has postponed the tax evasion trial involving cryptocurrency exchange Binance and two of its senior executives to May 17, according to local publication Business Day. On February 25, Nigerian law enforcement detained Tigran Gambaryan, the Vice President for Global Intelligence and Investigations at the platform, and Nadeem Anjarwalla, the Director for West […]

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ForkLog 5 19.04.2024

Nigerian Court Delays Bail Hearing for Binance Executive

On April 18, the Federal High Court in Abuja postponed the bail hearing for Binance’s Vice President of Global Intelligence and Investigations, Tigran Gambaryan, according to Nairametrics. During the session, a representative from the Economic and Financial Crimes Commission stated that more time was needed to address the “new issues” raised by the defense in […]

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ForkLog 15 15.04.2024

Fugitive Binance Executive Tracked Down in Kenya

The Nigerian government has located Nadim Anjarwalla, a top Binance executive who escaped custody, in Kenya. This was reported by Punch. In collaboration with Interpol and Kenyan police, discussions are underway regarding the extradition of the exchange employee back to Nigeria to face charges. April 22, 2024 | 13:26Update: The Nigerian newspaper The Punch, citing […]

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ForkLog 11 08.04.2024

Nigerian Court Detains Binance Executive

On April 8, a Nigerian court reviewed a complaint by Tigran Gambaryan, Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, who is accused of tax evasion and money laundering amounting to $35 million. This was reported by DL News. The executive pleaded not guilty and claimed his rights were violated. The defense […]

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ForkLog 10 03.04.2024

Binance Appeals for Clemency for Executive Detained in Nigeria

Cryptocurrency exchange Binance has appealed to Nigerian authorities, requesting that its Vice President for Global Intelligence and Investigations, Tigran Gambaryan, not be held accountable. Representatives of the platform stated that the detained executive does not have decision-making authority within the company. Meanwhile, the exchange continues negotiations with the Nigerian government. Binance highlighted Gambaryan’s decade-long experience […]

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ForkLog 15 29.03.2024

Detained Binance Executive Sues Nigerian Government

Tigran Gambaryan, Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, who has been in custody in Nigeria since February 25, has filed a lawsuit against the country’s authorities for violating his rights, according to local media. The charges are specifically directed at Nigeria’s National Security Adviser Nuhu Ribadu and the Economic and […]

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ForkLog 14 27.03.2024

Binance Faces Regulatory and International Challenges

The year 2023 marked only the beginning of Binance’s legal entanglements with authorities across various countries. In recent months, several regulators and governments have raised concerns about the cryptocurrency exchange. The Nigerian Episode In late February, the Financial Times reported the detention of two top executives of the company in Nigeria — Nadim Anjarwalla and […]

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