Category: Nigerian
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Freedom! Nigerian Court Clears Binance Exec, Orders Immediate Release
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Tigran Gambaryan, Binance CEO, has been detained since February He was officially acquitted of all charges By the Nigerian government. The Economic and Financial Crimes Commission (EFCC) requested the withdrawal of the case from the Federal High Court in Abuja during the court sitting on October 23, 2024. This announcement…
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Binance Executive Too Sick For Court, Nigerian Trial Postponed
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Prison authorities in Nigeria have announced that Binance CEO Tigran Gambaryan is in custody “Very sick” Preventing him from appearing in court again to stand trial. This is the main concern raised by his wife nearly two months ago, saying Gambarian’s health condition had deteriorated sharply since his arrest in…
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Pro-Bitcoin Politician Files Lawsuit Against Nigerian Gov’t
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A Nigerian politician and pro-Bitcoin activist has revealed that he has filed a lawsuit against several Nigerian authorities over restrictions on the ownership, use, and trading of Bitcoin, USDT, and other cryptocurrencies in the country. The lawsuit comes after the Nigerian government has taken stringent measures to try to control…
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Nigerian Crypto Boom Resurrected? SEC Embraces Innovation With New Rules
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Nigeria’s previously frosty relationship with cryptocurrencies appears to be entering a phase of cautious thawing. Imomotimi AgamaDirector-General of the Nigerian Securities and Exchange Commission (SEC), recently made comments indicating a move away from the government’s hardline stance against digital assets. This comes after months of regulatory struggle that has seen…
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Nigerian Crypto Boom Resurrected? SEC Embraces Innovation With New Rules
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Nigeria’s previously frosty relationship with cryptocurrencies appears to be entering a phase of cautious thawing. Imomotimi AgamaDirector-General of the Nigerian Securities and Exchange Commission (SEC), recently made comments indicating a move away from the government’s hardline stance against digital assets. This comes after months of regulatory struggle that has seen…
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Nigerian minister defends trial of detained Binance exec amid US lawmakers’ outcry
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Following calls from US lawmakers urging President Joe Biden to repatriate detained Binance executive Tigran Gambaryan, Nigeria’s Information Minister Mohamed Idris has responded. according to Idris’s statementGambaryan’s trial adhered to all due process at all stages. The minister added, “Prosecutors are confident in their case based on the evidence collected.”…
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Nigerian minister defends trial of detained Binance exec amid US lawmakers’ outcry
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Following calls from US lawmakers urging President Joe Biden to repatriate detained Binance executive Tigran Gambaryan, Nigeria’s Information Minister Mohamed Idris has responded. according to Idris’s statementGambaryan’s trial adhered to all due process at all stages. The minister added, “Prosecutors are confident in their case based on the evidence collected.”…
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Nigerian Court Clears Binance Executive for Trial in Tax Evasion Case
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A Nigerian court ruling today (Friday) has paved the way for Binance CEO Tigran Gambaryan to stand trial on behalf of the cryptocurrency exchange in the ongoing tax evasion case. Along with Gambarian, a US citizen and head of financial crimes compliance, British-Kenyan national Nadeem Angarwala, regional director for Africa,…
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Nigerian Government Refutes $150M Bribery Claims by Binance CEO
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The Nigerian government has denied allegations made by Binance CEO Richard Teng, claiming that its officials demanded a $150 million bribe to settle criminal charges against the cryptocurrency exchange. Special Assistant to the Minister of Information and National Guidance, Rabie Ibrahim, said in an official statement on Wednesday: It was…
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Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
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In a legal saga that has captured international attention, a Nigerian court has postponed the money laundering trial against cryptocurrency exchange Binance and two of its executives until May 17. The decision came after a lawyer representing the stock exchange informed the court that he had not been served. With…