Binance working closely with Nigeria to resolve official’s detention

Binance working closely with Nigeria to resolve official’s detention —Richard Teng

The CEO of cryptocurrency exchange, Binance, Richard Teng, yesterday said that the company is working very closely with Nigerian authorities following the detention of the company’s Head of Financial Crime Compliance.

A Nigerian court has adjourned until May 2 a case against the executive, Tigran Gambaryan, and another Binance official, who are accused of laundering more than $35 million, Economic and Financial Crimes Commission (EFCC) said on April 8.

“What I can say is we are working very closely with the Nigerian authorities to try to resolve the matter,” CEO Richard Teng said, while speaking about Gambaryan’s case at a crypto conference in Dubai.

The other executive Nadeem Anjarwalla, a British-Kenyan who is a regional manager for Africa, fled Nigeria last month.

Anjarwalla and Gambaryan flew to Nigeria following the country’s decision to ban several cryptocurrency trading websites and were detained on arrival on February 26 by EFCC.

In addition to the case brought by the anti-graft agency, the Federal Inland Revenue Service (FIRS), Nigeria’s tax agency, has charged Binance and the executives with tax evasion, a case that will be mentioned before a court today (Friday).

“This was a one-off. It’s never happened to us before,” Binance’s Head of Regional Markets, Vishal Sacheendran told Reuters on the sidelines of the Dubai conference when asked about the detentions.

Sacheendran declined to comment on the charges against the company.

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate

BREAKING NEWS: NARD SET TO CALL OF STRIKE AFTER SENATE'S INTERVENTION

••• Cancels Planned National Protest Striking members of the Nigerian Association of Resident Doctors (NARD) are set to call off their two week old strike after a closed door meeting with Principal Officers of the Senate on Tuesday. Adressing the media shortly after the closed door meeting with President of the Senate, Godswill Akpabio and other Principal Officers of the Senate, National President of the association, Dr Emeka Innocent Orji, stated "we had a very fruitful meeting with the Senate led by the President of the Senate and from our discussions with them, we are very hopeful that when we table our discussions today before the NEC, something positive would come out. "From our interaction with the President of the Senate and the practical demonstration he did before us today, we are very confident that there would be light at the end of the tunnel in the next 24 hours. "Because of the intervention of the President of the Senate, who is the number three citizen an

AMB CHARLES NWONYE ATTENDS HON ERNEST N.OBIORA'S 46TH WEDDING ANNIVERSARY AND 80TH BIRTHDAY CELEBRATION.

The big celebration started with a High Mass lead by His Lordship Bishop Jonas Benson Okoye at St Vincent De Paul parish Uruagu Nnewi, in the mass were some dignitaries, amongst who were Dr Cletus Ibeto, His Royal Highness Igwe Kenneth Orizu ( Igwe Nnewi), Obi Uruagu his Highness Obi Charles Afamefuna Obi, Obi Nnewichi his Highness Obi George Onyekaba, Hon Chris Azubuogu, and among others. After the mass, the reception which was at Munic Classic Hotel where all dignitaries were entertained, Amb Charles Nwonye stayed briefly and left to visit and consult with the Umuada Anaedo Forum women at Obi Okpunoegbu to present his political ambition to the women. They supported and prayed for the success of his project. © Media Team Charley nwa Nwonye

NIGERIAN NOTCH

Search This Blog