News list for " Nigerian government"
On September 14, the Nigerian government filed criminal charges against four individuals and several companies for illegally conducting crypto transactions without a banking license, including exchanging USDT for naira. The four defendants, Ejiogu A. Chinedu, Nnamdi F. Okereke, Oty Ugochukwu Stanley and Chukwuebuka F. Ogumba, were charged with violating the Banking and Other Financial Institutions Groups Act and the Foreign Exchange Act.
Binance CEO Richard Teng has called on the Nigerian government to release U.S. executive Tigran Gambaryan, who has been detained since February. Gambaryan, Binance's head of financial crime compliance, is being held at Nigeria's famed Kuje prison on money laundering charges. He faces a money laundering trial even though the tax evasion charges have been dropped. Teng said Gambaryan's health has deteriorated significantly, and he has now contracted malaria, double pneumonitis, and tonsillitis, an...
In recent weeks, U.S. lawmakers have called attention to the Nigerian government's treatment of detained Binance executive Tigran Gambaryan, who has been detained by the Nigerian government since February on charges of money laundering and tax evasion. Although the tax evasion charges were dropped earlier this month, Gambaryan remains in custody pending another case.
