binance nigeria – DIGIT INFO

Nigerian Prison Doctor Faces Arrest Over Jailed Binance Exec’s Health Report

DIGIT — Thu, 18 Jul 2024 05:36:43 +0000

On July 16, a Nigerian court issued an arrest warrant for a prison doctor who failed to provide jailed Binance executive Tigran Gambaryan’s medical report as demanded. The court also ordered prison officials to take Gambaryan to a local hospital for 24 hours of medical care. Prison Doctor Fails to Appear in Court A Nigerian […]

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Nigerian Witness Says Binance Users Operate Under False Identities

DIGIT — Mon, 08 Jul 2024 21:11:54 +0000

A witness in the ongoing Nigerian money laundering trial against Binance has alleged that many local users of the cryptocurrency exchange platform are operating under false identities. The witness further claimed that by allowing users to withdraw Nigerian naira (NGN), a regulated activity, Binance is in violation of local laws. Money Laundering Charges A deputy […]

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Nigeria’s Naira Rated Worst-Performing Currency in H1 of 2024; Kenyan Shilling Named Best Performer

DIGIT — Sun, 30 Jun 2024 11:10:53 +0000

In the first half of 2024, the Nigerian currency depreciated by nearly 40%, making it the worst-performing currency during that period. Meanwhile, the Kenyan shilling appreciated by 20.7%, ranking it as the best performer. The depreciation of the Nigerian naira was primarily driven by U.S. dollar shortages. Naira Falls for 9 Straight Days The Nigerian […]

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US Lawmakers: Jailed Binance Executive, US Citizen, Wrongfully Detained by Nigeria

DIGIT — Thu, 06 Jun 2024 04:35:55 +0000

A group of U.S. lawmakers led by Micheal McCaul, the House Foreign Affairs Committee chairman, has accused the Nigerian government of wrongfully detaining Tigran Gambaryan. The lawmakers have asked the Biden Administration to transfer Gambaryan’s case to the Office of Special Presidential Envoy for Hostage of Affairs. Nigeria Using Gambaryan’s Detention to ‘Extort His Employer’ […]

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Nigerian Prison Agency Held Responsible for Court Absence of Jailed Binance Executive

DIGIT — Thu, 23 May 2024 17:20:01 +0000

The Nigerian Correctional Service recently faced accusations of failing to bring Tigran Gambaryan, a jailed Binance executive, to a court hearing on May 22. A lawyer representing the Nigerian revenue collection agency subsequently requested the court to adjourn proceedings. This would allow him to investigate the reasons behind Gambaryan’s absence. Gambaryan Key to Nigeria’s Tax […]

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Nigerian Court Rules Tigran Gambaryan Can Face Tax Evasion Charges on Behalf of Binance

DIGIT — Sat, 18 May 2024 08:38:51 +0000

The Binance executive, Tigran Gambaryan, who is currently in jail, has been deemed eligible by a Nigerian court to represent the cryptocurrency exchange in its ongoing tax evasion trial. A spokesperson for Binance stated that the charges against Gambaryan are entirely without merit, and he should be released. Tigran Gambaryan Qualifies to Represent Binance A […]

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Nigerian Experts Say Past Central Bank Policies Drove Users to P2P Crypto Platforms

DIGIT — Sun, 12 May 2024 07:10:08 +0000

Stakeholders in Nigeria’s cryptocurrency sector argue that the Central Bank of Nigeria’s previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of peer-to-peer crypto trading. Nigerian authorities are reportedly seeking to ban peer-to-peer crypto trading. One stakeholder has urged participants in the Nigerian crypto space to ‘identify the bad actors […]

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Nigerian Court Postpones Binance, Tigran Gambaryan Money Laundering Trial to May 17

DIGIT — Mon, 06 May 2024 07:40:48 +0000

A Nigerian court recently adjourned the trial of Binance and its executive, Tigran Gambaryan, to May 17. The adjournment came after the cryptocurrency exchange’s attorney stated that he had not received the necessary documents to prepare a defense. However, Nigerian authorities reportedly provided the attorney with an additional 300-page document containing further evidence during a […]

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Nigerian Central Bank Disavows Letter Directing Banks to Sever Ties With Crypto Exchanges

DIGIT — Wed, 24 Apr 2024 18:32:39 +0000

The Central Bank of Nigeria (CBN) has disavowed a letter that allegedly instructed financial institutions to sever ties with four global cryptocurrency exchanges. The central bank stated that the letter did not originate from its office and recommended that individuals interested in “authentic updates” refer to its official website. Fake Content The Central Bank of […]

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Kenyan Authorities to Extradite Binance Executive to Nigeria by Month’s End

DIGIT — Tue, 23 Apr 2024 07:42:50 +0000

The Binance executive who reportedly escaped from custody in Nigeria is set to be extradited to the same country by the end of the month, according to reports. A Kenyan detective believes the extradition of Anjarwalla, who allegedly has ties to influential figures in Kenya, may still prove to be challenging. Interpol Reportedly Involved in […]

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