The affair between Binance and Nigeria intensifies as two exchange managers detained in February have filed a complaint against the Nigerian government. What happened?
2 Binance executives oppose Nigeria’s actions
The case between Binance and Nigeria is taking on serious proportions, as the African country on the Gulf of Guinea decided to detain 2 Binance executives. Indeed, Nigeria had accused Binance of participating in the fall of the naira, the local currency, by allowing the country’s citizens to carry out peer-to-peer trading without registering as required by law.
The 2 Binance managers we’re talking about, Nadeem Anjarwalla and Tigran Gambaryan, were taken into custody at the end of February following failed attempts to negotiate over exchange shortcomings. As recently reported, Nadeem Anjarwalla escaped captivity and fled to an unknown destination.
The case took a new turn after Tigran Gambaryan, who remained in detention, accused Nigeria’s National Security Adviser and the Economic and Financial Crimes Commission of violating his fundamental rights. In his complaint to the court, reported by Punch, Binance’s Compliance Officer demanded immediate release and passport return.
In addition, he asked for a public apology to be made to him, and for the Nigerian justice system no longer to be able to detain him for any reason concerning Binance. He clarified he committed no offense during meetings with Nigerian representatives and received no reproach for his stay.
Although he has left the country, Nadeem Anjarwalla has lodged a similar complaint. According to Vanguard, another Nigerian media outlet, Nigeria is working with the Interpol agency to find and extradite Anjarwalla for trial.
The Nigerian government has said it is investigating the possibility that Binance may have been used for money laundering and terrorist financing, to the tune of an estimated $35.4 million, according to a complaint from the Economic and Financial Crimes Commission, Nigeria’s anti-corruption police.
The case was adjourned until April 8.
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