By Afolabi Hannah
Binance is collaborating with Nigeria to address the detention of its Head of Financial Crime Compliance, as CEO Richard Teng stated. The case against the executive, Tigran Gambaryan, and another Binance official accused of laundering more than $35 million has been adjourned until May 2 by a Nigerian court, according to the Economic and Financial Crimes Commission (EFCC) on April 8.
“We are working very closely with the Nigerian authorities to try to resolve the matter,” CEO Richard Teng said during a crypto conference in Dubai, discussing Gambaryan’s case.
Nadeem Anjarwalla, a British-Kenyan regional manager for Africa, fled Nigeria last month.
Anjarwalla and Gambaryan were detained by
EFCC on February 26 upon their arrival in Nigeria following the country’s ban on several cryptocurrency trading websites.
Besides the EFCC case, Nigeria’s tax agency, the Federal Inland Revenue Service (FIRS), has charged Binance and its executives with tax evasion. This case will be mentioned in court today (Friday).
“This was a one-off. It’s never happened to us before,” Binance’s Head of Regional Markets, Vishal Sacheendran, told Reuters during the Dubai conference regarding the detentions. Sacheendran refrained from commenting on the charges against the company.
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