Tigran Gambaryan, an executive at Binance Holdings Limited, has accused three Nigerian federal lawmakers of demanding a $150 million bribe during the dispute between the cryptocurrency firm and the Nigerian government. Gambaryan alleged that the legislators requested the payment be made in cryptocurrency and deposited into their personal digital wallets. The executive was detained by…
The Federal Government on Wednesday withdrew the money laundering charges filed against Tigran Gambaryan, the Executive of Binance Holdings Limited. Gambaryan, who is facing $35m in money laundering charges brought against him by the Economic and Financial Crimes Commission, was discharged on health grounds and due to diplomatic pressure. Counsel for the EFCC, R. U….
The Federal High Court in Abuja has issued a subpoena compelling the Governor of the Central Bank of Nigeria (CBN) and the Head of the Legal Services Department of the apex bank to appear before it with specific documents on Monday, September 2, 2024. This directive was linked to the ongoing money laundering case against…
NOW A Federal High Court in Abuja has remanded a Binance executive, Tigran Gambaryan, in Kuje Correctional Centre, pending the determination of his bail application. The trial judge, Justice Emeka Nwite, gave the order after Gambaryan pleaded not guilty to the money laundering charges preferred against him by the Economic and Financial Crimes Commission on…
IBADAN – In a decisive move aimed at upholding fiscal responsibility and safeguarding the economic integrity of the country, the Federal Government has initiated criminal proceedings against Binance, a prominent cryptocurrency exchange platform. The charges, according to a press statement issued by Dare Adekanmbi, the Special Adviser, Mediato the Executive Chairman, FIRS, filed at the…
The suspension of naira to dollar exchange services by Binance has caused fear among Nigerian cryptocurrency investors, whose funds may be trapped, writes JUSTICE OKAMGBA Last week Tuesday, the crypto exchange announced that it would stop supporting withdrawals after Friday and that any remaining balances in the Nigerian currency would be automatically converted into Tether,…
