Binance Leaders File Lawsuit Against Nigerian Officials for Rights Breach

Binance

Tigran Gambaryan and Nadeem Anjarwalla have made a significant move by bringing their case to the Federal High Court, claiming that their human rights were violated. Their troubles began when they were invited to Nigeria for discussions related to Binance.

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However, upon arrival, they were detained. Although Anjarwalla managed to escape last week, both men are now seeking justice. They hope to be released, get their passports back, and receive an apology.


Binance Executives Sue Nigerian Officials for Human Rights Violations

According to local media reports on Friday, the two Binance executives detained by the Nigerian government since February have filed a lawsuit against Nuhu Ribadu, the National Security Adviser, and the Economic Financial Crimes Commission. They allege that their fundamental human rights were violated during their detention.

Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, have separately requested the Federal High Court in Abuja to release them. They also demanded the return of their passports and a public apology from the Nigerian government.

Gambaryan maintained his innocence, stating that he was not informed of any wrongdoing during the meeting and did not engage in any unlawful activity. He believes that his detention is solely based on the Nigerian government’s demands for information from Binance.

Earlier this month, Nigerian authorities charged the two Binance executives, along with the company, with four counts of tax evasion. The executives were detained upon their arrival in Nigeria, after being invited to discuss company matters with officials.

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Reports indicate that Anjarwalla managed to escape last week after visiting a mosque. Central bank governor Olayemi Cardoso accused Binance of allowing billions of dollars worth of naira to move untraceably, contributing to currency instability.

During Thursday’s hearing, the agencies involved were not represented. The case has been adjourned until April 8. The lawsuits are identified as FHC/ABJ/CS/356/24 and FHC/ABJ/CS/355/24.

Allegations Against Binance P2P Influence on Nigeria’s Naira

The Nigerian government accused Binance’s peer-to-peer (P2P) platform for the naira of exerting influence on the country’s local currency. This accusation arose as the naira experienced significant depreciation throughout the year, prompting concerns about its stability.

Furthermore, the government alleged that three platforms, including Binance, were involved in money laundering activities. In response to the government’s request, Binance sent executives to negotiate and subsequently delisted NGN P2P options.

Amid ongoing negative developments, the digital asset community is urging the Nigerian government to release the detained executives. The Kenyan Blockchain Association took action by meeting with the Nigerian High Commission to demand the release of Nadeem Anjarwalla, one of the detained Binance executives.

Adding to the controversy, the Nigerian government later charged Binance with tax evasion. These developments have further intensified scrutiny on the cryptocurrency sector and its operations within Nigeria.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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