Tigran Gambaryan, a senior executive at Binance Holdings Limited, was airlifted out of Nigeria on a US medical aircraft shortly after the Nigerian government dropped money laundering charges against him, The New York Times reports. Gambaryan had been held in detention since February amid accusations that the cryptocurrency firm was involved in manipulating the naira. … Read more
Binance executive Tigran Gambaryan has left Nigeria after spending eight months in detention. The Bola Tinubu-led administration withdrew charges against Gambaryan on health grounds and following diplomatic pressure. EDITOR’S PICKS BREAKING: Tinubu Arrives Abuja After Two-Week Working Vacation In UK, France NIDCOM Gears Up for 7th Nigeria Diaspora Investment Summit, Aims to Drive Economic Growth … Read more
The Federal Government has decided to proceed with the money laundering case against Binance Holdings Limited, despite dropping the charges against the company’s executive, Tigran Gambaryan. EKO HOT BLOG reports that on Wednesday, authorities withdrew the $35 million money laundering charges against Gambaryan, citing his poor health and diplomatic pressure as key reasons. Gambaryan, an … Read more
The government of President Bola Tinubu has withdrawn money laundering charges against Tigran Gambaryan, an executive of Binance Holdings Limited. The Economic and Financial Crimes Commission (EFCC) had initially charged Binance, a major cryptocurrency firm, and Gambaryan in April with allegations of money laundering. EDITOR’S PICKS BREAKING: Tinubu Arrives Abuja After Two-Week Working Vacation In … Read more
The Federal High Court in Abuja has rejected the bail application of detained Binance executive, Tigran Gambaryan. Justice Emeka Nwite, who presided over the case, ruled on Friday that the fresh bail application amounted to an abuse of court process, as Gambaryan’s first bail application—based on health concerns—was already under appeal. EDITOR’S PICKS Health, Planning … Read more
Knarik Gambaryan, the mother of Tigran Gambaryan, a detained Binance executive in Nigeria, has fervently declared her son’s innocence regarding the charges of money laundering and terrorism financing brought against him by the Nigerian government. In a statement sent on Friday, Knarik emphasized that her son is unaware of the allegations against him. EDITOR’S PICKS … Read more
FG Denies Binance’s Bribery Allegation Accuses Crypto Firm of Attempting Blackmail Charges Binance with Money Laundering, Terrorism Financing Eko Hot Blog reports that in a fierce rebuttal, the President Bola Tinubu-led federal government has accused cryptocurrency trading platform Binance of attempting to blackmail Nigeria. This accusation comes in the wake of Binance’s allegation that top … Read more
Fintechs, including Opay and PalmPay, are discouraging crypto trading on their platforms. Their actions follow a CBN directive to the digital banks to stop onboarding new customers. There are concerns that the fintechs are being used for money laundering and terrorism financing. Eko Hot Blog reports that Nigerian fintech companies have cautioned their customers against … Read more
Eko Hot Blog reports that the founder of a popular cryptocurrency firm Binance, Changpeng Zhao has been sentenced to four months in a US prison on Tuesday. This sentence was handed down after the Canadian pleaded guilty to money laundering charges, marking the most high-profile crypto case since in recent time. Zhao had resigned from … Read more
EFCC intensifies efforts against currency speculation and naira manipulation, targeting cryptocurrency platforms. Sources reveal EFCC’s focus on stabilizing Nigerian forex market, not limited to Binance. Spokesperson reaffirms EFCC’s commitment to ensuring sanity within the country’s forex market. EKO HOT BLOG reports that the Economic and Financial Crimes Commission has escalated its efforts to combat currency speculation … Read more
Nigerian authorities locate Binance executive Nadeem Anjarwalla in Kenya, intensify efforts for extradition. Economic and Financial Crimes Commission collaborates with international agencies to bring Anjarwalla to Nigeria to face money laundering charges. Extradition process initiated amid allegations of $35.4 million money laundering scheme. EKO HOT BLOG reports that the Nigerian Federal Government has located Nadeem Anjarwalla, … Read more
By abiodun KOMOLAFE When, in 1814, Europe’s leading statesman, Count Metternich, said that Italy “is only a geographical expression”, the former Deputy of the Kingdom of Italy and the Father of Modern Italy, Giuseppe Garibaldi, didn’t take it as an offence. Instead, the only question on his mind was how to create Italians. Take the … Read more
Primeboy Drags Mohbad’s Widow To Court Over False Accusations. Concerns over Mohbad’s son’s paternity and circumstances of death. Naira Marley and Sam Larry interrogated; Primeboy surrenders and visits State CID. EKO HOT BLOG reports that Owodunni Ibrahim, also known as Primeboy and a childhood friend of the late singer Mohbad, has lodged a petition with the … Read more
EFCC charges Binance and execs with $35.4M money laundering. Anjarwalla evades arrest, prompts international pursuit. Charges include unlicensed financial activities and concealing unlawful proceeds. EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has brought charges of $35,400,000 in money laundering against Binance Holdings Limited and two of its senior executives, Tigran Gambaryan … Read more
Binance Tax Evasion Allegations: April 4 Set For Court ApperanceFIRS alleges Binance neglected tax registration and invoicing for services. Further accused of not deducting VAT for crypto transactions, facing charges under tax laws. EKO HOT BLOG reports that the court appearance for Binance Holdings Limited and its executives, Tigran Gambaryan and absconded Nadeem Anjarwalla, regarding tax … Read more
Binance executive Tigran Gambaryan sues NSA Ribadu and EFCC over alleged rights violation. Gambaryan’s lawyer seeks five reliefs before Justice Inyang Ekwo. Nadeem Anjarwalla, Binance Africa manager, also files separate lawsuit for rights enforcement. EKO HOT BLOG reports that the detained Binance executive, Tigran Gambaryan, has filed a lawsuit against the National Security Adviser (NSA) Nuhu … Read more
Eko Hot Blog reports that the Federal Government has confirmed the escape of Binance executive, Nadeem Anjarwalla, from its custody. The Head of Strategic Communication in the Office of the National Security Adviser (ONSA), Zakari Mijinyawa, made this known in a statement on Monday. Editor’s Picks BREAKING: Detained Binance Executive ‘Escapes’ From DSS Custody BREAKING: … Read more
Eko Hot Blog reports that the federal government has filed a criminal charge against Binance, a popular cryptocurrency platform, for “tax evasion”. According to The Cable, the charge was filed before the federal high court in Abuja on March 25 by the Federal Inland Revenue Service (FIRS), according to a statement on Monday. Editor’s Picks … Read more
EKO HOT BLOG reports that Crypto experts and enthusiasts have expressed concerns over the recent ban on Binance naira operations in Nigeria, warning that it could exacerbate youth unemployment in the country. In interviews with Punch, these experts urged the government to explore more effective ways of addressing Nigeria’s current foreign exchange challenges. EDITOR’S PICKS BREAKING: … Read more
Eko Hot Blog reports that Cryptocurrency giant, Binance Holdings Ltd, has announced that it will leave the Nigerian market and discontinue all its services for the naira. The cryptocurrency company made the announcement in a blog post on its website on Tuesday. Editor’s Picks “Binance Traders Traceable” – Crypto Expert Alerts CBN Over Illicit $26 … Read more