Binance Executive Files Lawsuit Against Nigerian Authorities
Tigran Gambaryan, a detained executive from Binance, has initiated legal action against Nigeria’s National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC).
Reportedly, Gambaryan filed a lawsuit against the NSA on March 28, alleging a violation of his fundamental human rights. Represented by his lawyers from Aluko and Oyebode, he approached a Federal High Court in Nigeria, seeking several reliefs. His legal team argued that the seizure of his passport infringed upon his constitutional and personal liberty.
Gambaryan requested the return of his passport, immediate release from custody, an injunction against future detention in similar investigations, a public apology from the NSA and EFCC, and full indemnity for the legal action costs.
Regarding his ordeal, Gambaryan, an American citizen, stated that he visited Nigeria on Feb 26 at the invitation of the NSA and EFCC to discuss Binance-related matters. He claimed innocence, asserting that he was not informed of any wrongdoing prior to his arrest.
According to his lawyers, Gambaryan’s detention stemmed from the government’s request for information from Binance and demands on the company.
In a similar vein, Nadeem Anjarwalla, who escaped custody, also filed a suit through his legal representatives.
READ MORE: Former FTX CEO Receives 25-Year Prison Sentence
The Nigerian government has accused Binance’s peer-to-peer (P2P) platform for the Naira of negatively impacting the country’s currency and being involved in money laundering activities. In response, Binance sent executives to negotiate with the government and delisted NGN P2P options.
The arrest of the two executives has drawn criticism from the digital asset community, with calls for their release as the events cast a negative light on the sector. The Kenyan Blockchain Association met with the Nigerian High Commission to demand Anjarwalla’s release. Subsequently, the Nigerian government filed tax evasion charges against Binance.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
