Binance executive remains detained as Nigerian court postpones case

Crypto exchange Binance, currently facing criminal charges in Nigeria, notably lacked legal representation at its April 4 court hearing in the African nation.

Instead, the hearing was only attended by its compliance chief, Tigran Gambaryan, who the Nigerian government has detained since the end of February.

However, despite expectations for the proceedings to advance, the Nigerian High Court postponed the case until April 19.

As of press time, Binance has yet to respond to CryptoSlate’s request for comment.

Why was the case adjourned?

Last week, CryptoSlate reported that the authorities charged Binance and its executives with failing to register with relevant local agencies and avoiding tax responsibilities.

Additionally, the Nigerian government accused Binance of facilitating users who evade tax payments.

However, the government somehow failed to serve the case charges to the defendants despite having Gambaryan within their custody since February.

Chukwuka Ikwuazo, legal counsel for Gambaryan, argued that the arraignment should not proceed due to this lapse.

Binance’s case in Nigeria

In the past two months, Binance has faced ongoing disputes with the Nigerian government regarding its alleged involvement in worsening the country’s foreign exchange issues.

Despite Binance’s consistent denial of any wrongdoing, the Nigerian authorities, including the Federal Inland Revenue Services and Nigeria’s Economic and Financial Crimes Commission, have filed criminal complaints against it and its executives—Nadeem Anjarwalla and Gambaryan.

Anjarwalla, a UK citizen, evaded custody in March. He is currently being tried in absentia and the government has enlisted the help of Interpol to aid in his extradition.

Conversely, Binance has called for the release of Gambaryan, emphasizing that he does not make pivotal decisions within the company.

Notably, Gambaryan has also initiated legal actions against the Nigerian authorities, citing a violation of his fundamental human rights.

The post Binance executive remains detained as Nigerian court postpones case appeared first on CryptoSlate.

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