The Nigerian government, through the Federal Inland Revenue Service (FIRS), has asked the Federal High Court in Abuja to order Binance Holdings Limited to pay $79,514,055,594.40 and N231 million for economic losses allegedly caused by its operations in Nigeria, as well as $2,001,000,000 in income tax for 2022 and 2023. These monetary demands and alleged…
The Chairman of the House of Representatives Committee on Financial Crimes, Mr. Ginger Obinna Onwusibe, has categorically denied allegations that bribes were solicited from Binance and its executives, describing the claims as false, malicious, and defamatory. In a statement titled ‘Limited Reaction to False, Malicious, and Defamatory Publications Against Me by Tigran Gambaryan of Binance,’…
The federal government has dismissed bribery allegations by Tigran Gambaryan, an executive of Binance Holdings Limited, as false and unsubstantiated. In a post published on X on Friday, Gambaryan recounted his experiences in the hands of the Nigerian government and some lawmakers. Gambaryan claimed three lawmakers, including Peter Akpanke and Philip Agbese, demanded a $150…
Binance’s Head of Financial Crime Compliance, Tigran Gambaryan, has refuted claims made by the Central Bank of Nigeria regarding the alleged outflow of $26 billion from the country through the crypto exchange platform. Gambaryan, who was arrested in February 2024 on charges of money laundering and tax evasion, spent eight months at the Kuje Correctional…
Tigran Gambaryan, the head of financial crime of crypto firm Binance, who was detained in Nigeria for several months, has named three Nigerian lawmakers who he claimed demanded a $150 million bribe from him. GISTSMATE MEDIA reported that Mr Gambaryan and another Binance official were detained by the Nigerian government which accused their firm of…
Binance’s Head of Financial Crime Compliance, Tigran Gambaryan, has departed Nigeria after eight months of detention. The world’s biggest cryptocurrency exchange made the disclosure in a statement shared with press on Thursday. “Today, American citizen Tigran Gambaryan left Nigeria to return home to his family after eight months of unlawful detention. “Gambaryan was allowed to…
A Federal High Court in Abuja, on Wednesday, ordered the release of Mr Tigran Gambaryan, the detained Binance Holdings Limited’s executive, from Kuje Correctional Centre. Justice Emeka Nwite gave the order after the Economic and Financial Crimes Commission (EFCC)’s counsel, R. U. Adagba, informed the court of the decision of the Federal Government to withdraw…
Changpeng Zhao, the founder of Binance and a key figure in the global cryptocurrency industry, has been released. He was released from a California correctional facility after serving a four-month sentence for failing to enforce anti-money laundering protocols on his exchange. The 47-year-old, widely known as “CZ,” returned to the US from Dubai earlier this…
The cryptocurrency trading platform Binance has outlined two conditions that must be met before it can consider registering under Nigeria’s Securities and Exchange Commission’s (SEC) special framework program for onboarding Virtual Assets Service Providers (VASPs), including crypto platforms. Binance’s position is in response to the regulatory frameworks set out for cryptocurrency platforms by Nigeria’s regulatory…
The Chief Executive Officer of the cryptocurrency trading platform Binance, Richard Teng, has called for the release of one of his employees, Tigran Gambaryan, who is currently standing trial in Nigeria. In February, two executives of the company, Tigran Gambaryan, and Anjarwalla, were arrested and detained after they flew into the country following a ban…