The Nigerian court has postponed the hearing in the case of crypto exchange Binance and its top managers Nadeem Anjarwalla and Tigran Gambaryan to May 17, 2024. This was reported by local media.
The trial is reportedly delayed due to the fact that the Federal Inland Revenue Service (FIRS) has not formally charged Binance with tax evasion. Earlier, a Nigerian court found Gambaryan responsible for the allegedly illegal activities of the crypto exchange.
Meanwhile, his lawyer, Chukwuka Ikuazom, argued that further proceedings were impossible because the FIRS had not charged the main defendant, Binance. Judge Emeka Nwite listened to the arguments of the parties and decided to postpone the hearing until May 17.
As a reminder, senior executives Nadeem Anjarwalla and Tigran Gambaryan have been detained in Nigeria since late February 2024. Later, one of them, Anjarwalla, managed to escape from law enforcement agencies. According to local media, he is hiding in Kenya.
The Nigerian authorities believe that the activities of the crypto exchange led to the devaluation of the local currency, the naira. As part of the investigation, it was ordered to provide all information on transactions over the past six months. However, according to the source, no official charges have been brought against Binance.
The trial is reportedly delayed due to the fact that the Federal Inland Revenue Service (FIRS) has not formally charged Binance with tax evasion. Earlier, a Nigerian court found Gambaryan responsible for the allegedly illegal activities of the crypto exchange.
Meanwhile, his lawyer, Chukwuka Ikuazom, argued that further proceedings were impossible because the FIRS had not charged the main defendant, Binance. Judge Emeka Nwite listened to the arguments of the parties and decided to postpone the hearing until May 17.
As a reminder, senior executives Nadeem Anjarwalla and Tigran Gambaryan have been detained in Nigeria since late February 2024. Later, one of them, Anjarwalla, managed to escape from law enforcement agencies. According to local media, he is hiding in Kenya.
The Nigerian authorities believe that the activities of the crypto exchange led to the devaluation of the local currency, the naira. As part of the investigation, it was ordered to provide all information on transactions over the past six months. However, according to the source, no official charges have been brought against Binance.
