Binance Executive Sues Nigerian Agencies For Alleged Rights Violations
Latest News News

Binance Executive Sues Nigerian Agencies For Alleged Rights Violations

Detained Binance executive Tigran Gambaryan has sued two Nigerian agencies, accusing them of infringing his basic human rights.

Local media outlet Premium Times reported Thursday that the suit was filed against the Natural Security Adviser (NSA) and the Economic Financial Crimes Commission (EFCC) on March 18.

Meanwhile, Nadeem Anjarwalla, Binance’s regional manager for Africa, has also lodged an individual lawsuit for rights enforcement with Justice Ekwo. Anjarwalla, who eluded lawful detention on March 22, is pursuing the same legal remedies as Gambaryan.

The lawsuits follow the detention of both executives and the confiscation of their passports in February as part of a wider crypto exchange crackdown in Nigeria. 

Nigerian authorities alleged that Binance violated local tax regulations by failing to provide proper documentation (VAT invoices) and hindering tax collection from its users.

This crackdown was related to Nigerian Naira experiencing frequent depreciation compared to the US dollar.

See Also: Binance Chose Ethena (ENA) For The 50th Launchpool Project! The Price Of BNB Soar After The Announcement!

Binance Exec Demands Release and Passport Return in Nigerian Legal Saga

According to Premium Times, Gambaryan (a US citizen) argued that his detention and passport confiscation violated his right to personal liberty enshrined in Articles 35(1) and (4) of the Nigerian Constitution. He petitioned for his immediate release and the return of his passport.

He further requested a permanent court order barring the authorities from detaining him in connection with any future investigation or demands related to Binance. 

Additionally, he sought a public apology from the authorities and compensation for all legal expenses incurred.

In a supporting affidavit, Gambaryan clarified that he visited Nigeria on Feb. 26 solely as a Binance representative, attending a meeting requested by the authorities to discuss relevant issues.

He further asserted that he neither committed any offense during the meeting, nor received prior written notification of any alleged wrongdoing in Nigeria.

Nigerian Court Sets New Hearing Date

During the hearing on Thursday, a senior Nigerian lawyer, TJ Krukrubo, appeared on behalf of both executives, but clarified they lacked official legal representation. 

He notified the court of a previously submitted withdrawal notice filed for Anjarwalla on March 26.

In light of the missing representation, Justice Echo postponed the case until April 8. 

This adjournment allows the applicants to secure legal counsel and provides the respondents with additional preparation time.

Disclaimer: The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.