NewStats: 3,265,292 , 8,186,273 topics. Date: Saturday, 14 June 2025 at 09:54 AM 316n66

Nigeria is actively seeking information from Binance regarding its top 100 s in the country and all transaction history spanning the past six months, according to a Financial Times report.

This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, Binance’s head of investigations, and Nadeem Anjarwalla, the crypto platform’s regional manager for Africa, the Wired reported today.

Last month, Gambaryan, who was a former crypto-focused U.S. federal agent, and Anjarwalla had their ports confiscated and have been held in confinement at a government facility in Abuja, Nigeria’s capital. Their detainment is part of Nigeria’s broader crackdown on cryptocurrency exchanges, coinciding with questionable efforts by the government to revive the naira, the country’s national currency.

Before their detention, Gambaryan, a U.S. citizen, and Anjarwalla, a dual citizen of the U.K. and Kenya, responded to an invitation from the Nigerian government to discuss Binance operations and the restrictions imposed on the cryptocurrency exchange.

Nigeria’s central bank had expressed concerns about the loss of tax revenue from uned crypto exchanges. Additionally, it accused Binance of operating illegally and facilitating “illicit flows from sources and s who we cannot adequately identify,” amounting to $26 billion. As a result, a Bloomberg report said the detained executives may face charges related to currency manipulation, tax evasion and illegal operations.

However, according to their families, none of the executives have been formally charged with any criminal offenses as of today. The Financial Times reports that Nigeria’s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday. A proposed hearing to extend the court order is scheduled for Wednesday.

In response to this heightened regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued its naira (NGN) services last week.

Nigeria’s request for Binance’s top s in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports claimed that Nigeria’s parliament threatened to issue a warrant of arrest for the company’s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.

Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.

https://techcrunch.com/2024/03/12/nigeria-demands-binance-disclose-top-s-executives-remain-detained/?guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvLw&guce_referrer_sig=AQAAAFOSDPqLBq-LylWT6_m4eDryd-hpLMdadWOiY3Nr9hSOKLA_VFACnP6E85O2SCE2r4SAHjsRry3n1KycoLOa4A0wZnqgQ2LOPlcuSWk29xV2jrO0W5-QzALjpBv9Z9SYkSFACcGvPfSWtcLFsfmwblvH1diaHnbIpCRdqnr4NjrU

Blame binance
Blame emiefele
Blame peter obi
Blame aboki
Blame buhari
Blame pdp
Blame north

If you leave this cluless and criminal group of grab it and run with it confusionists, they will begin to blame Herbert Macaulay, Lord lugard , Nnamdi Azikwe and Ahamdu bello for their failures and deadness in the country.

What's this

Nawa oo

Make Binance no disclose anything give government.
I dey among top 10 s.
I no want government wahala.
My money for Binance fit buy Nairaland (#) and Twitter (X).

no disclose anything give government.. I take God beg una

Lol..
They won't release that information and they would be set free.
Nigeria is already a manipulated country.
Imagine suspending a senator that opened their nyash

Wetin dem wan use am do?

Central Banks and commercial banks have had a monopolistic stranglehold on their customer’s money for centuries. And as we have seen with the Emefiele saga, Central banks and commercial banks are not shy about abusing our privileged trust.
Crypto destroy their monopoly by decentralizing and disintermediating financial transactions hence they will fight tooth and nail to hold onto their powers even as it fades away. Why detain those two? Unto what end?

WHY DO WE HAVE IC AND EFCC?
What is their job description¿

I like this audacity, the gut of the Nigerian govt, enemies of Nigeria can go hug the transformer.
Anyone behind sabotaging our economy should be handled with iron hands regardless of their nationality.

how will all this make the naira rise against the dollar?

They are doing as if they're fighting corruption. The names of terrorists and their sponsors UAE gave Nigerian government, did you people disclose their names?

Very stupid people in power

Media trial

Lol since the ban the Dollar jus stay for one place...


Make the Dollar try go down na abi he don reach bus stop ni...

This government sha wan collect their share from binance....

I don't get the bias, hypocrisy and negativity filed with this platform. Everything positive about crypto never makes front pages, imagine BTC hitting ATH $69,000 since 2021 not a single thread about it here but make deep hit now every tom and dick will fallout with their fish brain

Indeed

They should release the detained staff of Binance. Their detention didn't change anything these last week

Good one. No person or an organization is bigger than. Nigeria.

The is just a useless and wasted effort by the government. Crypto have nothing to do with the staggering uselessness of the naira.

Seriously,I totally disagree with the methodology the Nigerian Government is applying in dealing with Binance.
This is totally against the norms of business ethics,inviting foreigners for a meeting and thereafter detaining them without a charge for 14 days is totally demoralizing for any serious investor.
Although I totally disagree with the government,but I wrote some few weeks ago that Binance was involved in Economic Terriorism and their Operation was equal to that of Currency Bandits and Terriorist.
Binance was a major currency speculator,it really exploited the lack of stable regulation to undermine the Naira.
I daresay with Bitcoin nearing 75000$ to 1 BTC,I'm sure the Naira would have been close to 3000 naira on binance if it wasn't disabled on the Exchange.
My solution to this ime is for Binance to comply with the government and provide the details of their top 100 s,while Government works out a solution that will allow binance continue it's operation in Nigeria.
I believe Government can impose a tax,maybe called crypto tax or even VAT on all transaction on the platform,I'm sure if it's handled in a responsible way,it can make more than a lot of money from the exchange.
I end by pleading with Government to please allow transaction on the binance platform.
God bless Nigeria........

Foolish APC Tinubu government chasing shadows.

Are we a dictatorship

Stupid govt

Inukwa ooooo

If clueless was a Govt, PBAT would have been the description

I don’t understand this unnecessary fuse about Binance. How does an app control dollar exchange in Nigeria??

Daniel7543:
Make Binance no disclose anything give government.
I dey among top 10.
I no want government wahala.

I receive it too
I dey among top 10 too