Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, has escaped from lawful custody, those familiar with the matter have said. Sources said Mr Anjarwalla, 38, escaped on Friday, 22 March, from the Abuja guest house where he and his colleague …
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THE Federal Government has initiated criminal proceedings against Binance, a prominent cryptocurrency exchange platform. The charges, filed at the Federal High Court in Abuja, were announced on Monday, March 25, 2024 by the Federal Inland Revenue Service (FIRS). The lawsuit, designated as suit number FHC/ABJ/CR/115/2024, implicates Binance with a four-count …
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THE Federal Government has resolved to target cryptocurrency to end the continued depreciation of naira in the foreign exchange market. The world’s biggest cryptocurrency exchange Binance had also announced plans to halt operations in naira as the government puts cryptobusinesses under increasing scrutiny. The decision came after authorities in Nigeria, …
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THE Chief Executive of Binance Holding Limited, Richard Teng, has been called upon by the House of Representatives Committee on Financial Crimes regarding suspicions of involvement in terrorism financing and none. At a panel discussion on Friday, Ginger Onwusibe, the Chairman of the Committee, issued a notice to the management …
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PROMINENT crypto trading platform, Binance, has modified its trading procedures to counteract an abnormal currency fluctuation, while also dissociating itself from the forex crisis in Nigeria. Recall the Federal Government had reportedly blocked the major online crypto platforms to avert the continuous manipulation of the forex market and illicit movement of funds. …
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The world’s largest cryptocurrency exchange by trading volume, Binance, has announced the creation of its new Global Advisory Board, comprising distinguished experts in public policy, government, finance, economics, and corporate governance. The Global Advisory Board, chaired by former US Senator and Ambassador to China, Max Baucus, recently convened in Paris, …
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