… Faults substituted service By Andrew Orolua Embattled Binance Holdings Ltd. has asked the Federal High Court in Abuja to set aside the ex-parte order granted the Federal Inland Revenue Services (FIRS) for substituted service of all court documents on it. Binance lawyer, Chukwuka Ikwuazom, SAN, told Justice Inyang Ekwo on Monday when the matter […]
BY TEMITOPE ADEBAYO Despite an $80 billion lawsuit against Binance, Nigeria remains open to cryptocurrency companies, Information Minister Mohammed Idris, has affirmed, even as he emphasized the government’s focus on regulation rather than suppression. Recall the Nigerian government sued Binance in February, alleging economic losses and tax evasion, months after detaining a senior executive who […]
BY MOTOLANI OSENI The Federal Government has asked the Federal High Court in Abuja to compel Binance Holdings Limited to pay $79.5 billion in economic loss penalties and $2 billion in outstanding taxes over alleged regulatory breaches and tax evasion in Nigeria. The lawsuit, filed by the Federal Inland Revenue Service (FIRS), claims Binance failed […]
…as CSOs demand probe of alleged Nigerian collaborators By Ukpono Ukpong A coalition of 259 Civil Society Organisations (CSOs) under the aegis of the Coalition for Transparency and Economic Reforms (COTER) has dismissed the bribery allegations made by Binance executive, Tigran Gambaryan, against Nigerian officials. The coalition, in a statement made available to reporters described […]
By Tom Okpe The Spokesman of the House of Representatives, Rep Akin Rotimi has said the House will refrain from further comment on the allegations of bribery against the House Committee Chairman on Financial Crime and some members of the Committee in line with established parliamentary, judicial and diplomatic principles. The House, according to a […]
BY ANDREW OROLUA There was a mild drama at a Federal High Court in Abuja, on Friday, as the detained Binance Holdings Limited’s executive, Tigran Gambaryan, was conspicuously absent for his trial. Justice Emeka Nwite had, on Oct. 11, fixed Friday , October 18, for continuation of trial in the alleged money laundering charge preferred […]
BY ANDREW OROLUA Justice Emeka Nwite of the Federal High Court, Abuja on Tuesday issued a bench warrant to arrest a medical doctor at the health facility of Kuje Correctional Centre, Dr. Abraham Ehizojie for failing to produce medical reports of Binance Executive, Tygran Gambaryan standing trial before the court. The Federal Government had accused […]
…Rules he is Binance agent in Nigeria BY ANDREW OROLUA The Federal High Court sitting in Abuja on Monday ruled that detained British national, Tigran Gambaryan and fleeing Nadeem Anjarwalla, are agents of Binance Holdings Limited accused by the Federal Government of money laundering and foreign exchange breaches. Trial court judge, Justice Emeka Nwite, consequently […]
BY ANDREW OROLUA The planned arraignment of Binance Holdings Limited and two of its executives; Tigran Gambaryan and Nadeem Anjarwalla, on Thursday, could not take place as the defendants were not served with the charges before the court sitting. The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) had filed […]
BY TAJU BALOGUN There are strong indications that the two executives of the Binance Anjarwalla, will be arraigned in absentia while Gambaryan, will be in court this week. The charges read, “That you, Binance Holdings Limited (“aka Binance”) Tigran Gambaryan, and Nadeem Anjarwalla (now at large), between January, 2023 and January, 2024 in Abuja within […]
..Detains personnel responsible for his custody By Ukpono Ukpong & Andrew Orolua The Minister of Information and National Orientation, Mohammed Idris, has said that the Federal Government in collaboration with the International Police (Interpol) has launched a widespread manhunt of the Director of Binance, Nadeem Anjarwalla, a crypto-currency organisation. Idris, while briefing State House correspondents […]
By Tom Okpe Committee on Financial Crimes of the House of Representatives, has called for the arrest of Executive Officers of the Binance Holdings Limited, following their failure to appear for the public hearing, organised by the House. The Committee said the House should evoke its powers to subpoena and arrest top management of the […]