binance
FG arraigns Binance again over Fresh Tax Evasion Charges
The Federal Inland Revenue Service (FIRS) has re-arraigned Binance Holdings Limited, a leading cryptocurrency exchange, before a federal high court in Abuja on four counts of alleged tax evasion. Ayodele Omotilewa, the company’s representative in Nigeria, was arraigned before Justice … Continue Reading
India’s financial intelligence unit fines Binance $2.25m for money laundering
In a major regulatory setback, India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.25 million (approximately 188.2 million rupees) on Binance, the world’s largest cryptocurrency exchange, for operating in the country without registering with the agency, as required … Continue Reading
Federal Government drops tax evasion charges against Binance executives
In a major breakthrough, the Federal High Court in Abuja has dismissed tax evasion charges filed against Tigran Gambaryan, a 39-year-old American, and his colleague Nadeem Anjarwalla, who had fled to Kenya. The decision comes after the Federal Inland Revenue … Continue Reading
Federal High Court Dismisses Bail Application of Binance Executive Tigran Gambaryan
The Federal High Court in Abuja has dismissed the bail application of detained Binance executive, Tigran Gambaryan, following opposition from the Federal Government. Justice Emeka Nwite ruled against the application, determining that Gambaryan is a flight risk.
Gambaryan’s lawyer, M. … Continue Reading
Federal Government Denies Binance CEO’s Bribery Allegations, Vows to Pursue Legal Action
The Federal Government has vehemently refuted bribery allegations levelled against it by Richard Teng, the CEO of Binance, a prominent cryptocurrency platform.
Teng had accused Nigerian officials of demanding a $150 million cryptocurrency bribe to settle criminal charges against the … Continue Reading
Nigerian Government Allegedly Demanded $150 Million Bribe from Binance CEO to Drop Fraud Charges
In a startling revelation, Binance CEO Richard Teng accused Nigerian government officials of soliciting bribes amounting to $150 million from the global cryptocurrency giant.
Teng claimed that the administration, led by Tinubu, sought the hefty sum to dismiss recent fraud … Continue Reading
Binance Founder Bags Four-Month Prison Sentence in Landmark Crypto Money Laundering Case
In a landmark case that sent shockwaves through the cryptocurrency world, Changpeng Zhao, Binance founder was sentenced to four months in a US prison after pleading guilty to money laundering charges. This development marks one of the most high-profile cases … Continue Reading
Police Assure Public of Efforts to Recapture Fugitive Binance Manager, Address Rising Crime Rates
The Inspector General of Police, Olukayode Egbetokun, has assured the public that the International Criminal Police Organisation (INTERPOL) is actively working to re-arrest Nadeem Anjarwalla, Binance Regional Africa Manager.
Speaking to journalists at the Nigeria Police Force Headquarters in … Continue Reading
Binance Executives Take Legal Action Against Nigerian Authorities, Sue NSA and EFCC
In a dramatic turn of events, Tigran Gambaryan, a detained Binance executive, has taken legal action against key Nigerian authorities, alleging violations of his fundamental rights. Represented by legal counsel from Aluko and Oyebode Law Firm, Gambaryan approached the … Continue Reading
Former DSS Director Criticizes Escape of Binance Executive, Calls it National Embarrassment
The escape of Nadeem Anjarwalla, a Binance executive, from custody has sparked controversy and criticism, with former Director of the Department of State Services (DSS), Mike Ejiofor, describing it as a national embarrassment to Nigeria. Ejiofor voiced his concerns … Continue Reading