Nigeria

The post Nigeria vs. Binance: CEO Demands U.S. Intervention for Employee’s Health Crisis appeared first on Coinpedia Fintech News The ongoing lawsuits by Nigeria against Binance the biggest cryptocurrency exchange for money laundering and tax evasion seem intensifying. On August 27, 2024, Binance CEO Richard Teng, requested the United States to intervene as the health of Tigran Gambaryan a Binance employee and former federal agent, who has deteriorated while in custody. Binance Employee’s Condition Critical  Additionally, the CEO called for…

The post OKX Shuts Down Services in Nigeria: What Users Need to Know appeared first on Coinpedia Fintech News OKX crypto exchange will stop its services in Nigeria. From August 16, 2024, Nigerian users won’t be able to open any new trades or use any other platform services. So, what will happen to the funds of OKX users in Nigeria, and when will full services be shut down? Let’s explore. End of an Era: OKX Halts Trading for Nigerian Users…

The post Binance Faces Money Laundering Charges in Nigeria – Future Uncertain! appeared first on Coinpedia Fintech News The court has postponed the case of money laundering against Binance in Nigeria until October 11. Binance faces four allegations of tax evasion in Nigeria. These include allegations of not registering for tax with Nigeria’s Federal Inland Revenue Service. In addition to tax evasion, Nigerian authorities have accused Binance and its two executives, Tigran Gambaryan and Nadeem Anjarwalla, of money laundering.  Tigran…

The post Crypto Crackdown in Nigeria: Binance Accused of Tax Evasion! appeared first on Coinpedia Fintech News In a landmark move, a Nigerian court will begin proceedings against Binance on October 11 for alleged tax evasion, as reported by Reuters. The cryptocurrency giant faces four counts, including failing to register with Nigeria’s Federal Inland Revenue Service for tax purposes. More on this below! Binance Pleads Not Guilty At a hearing before Judge Emeka Nwite on Friday, Binance representative Ayodele Omotilewa…

The post FLOKI Launches Major Campaign in Nigeria appeared first on Coinpedia Fintech News FLOKI, the world’s largest success story has been working on a new campaign, targeting Nigeria “Our messaging and placements undergo rigorous testing, and we sometimes release ads early to gauge unprompted reactions before the official announcement. Despite thorough planning, we can never assume success,” a FLOKI spokesperson noted. The current focus is on the OOH (Out-of-Home) activation in Nigeria. Earlier this week, a test ad in…

The post Over 100 Former Federal Prosecutors Call for Release of Detained Binance Executive In Nigeria appeared first on Coinpedia Fintech News In the midst of growing tensions, Nigeria remains steadfast in its legal proceedings against Binance executive Tigran Gambaryan, despite mounting pressure from US lawmakers and former officials. Around 100 former federal prosecutors and agents have come together, sending a letter to Secretary of State Tony Blinken.  This letter, which was first reported by Axios, calls for immediate Action…

The post Top Crypto Events to Watch Next Week: Binance vs. Nigeria, Decision on Ethereum ETF, and Crypto Bill appeared first on Coinpedia Fintech News As we approach the end of May, crypto traders are eagerly awaiting a new week filled with a series of potentially impactful macro events. From Binance’s trial in Nigeria to the FIT21 bill’s voting, these events might have a significant impact on the crypto market. These Events Might Decide Market’s Next Move In recent days,…

The post Binance Exec Tigran Denied Bail in Nigeria Over Money Laundering Charges appeared first on Coinpedia Fintech News In a recent legal showdown in Nigeria, Justice Emeka Nwite of the Federal High Court in Abuja made a firm decision, refusing bail to Tigran Gambaryan, an executive linked to the cryptocurrency giant Binance. Gambaryan faces serious accusations, including money laundering and tax violations within Nigeria. Here’s a deep dive into the pressing issue. A High-Stakes Legal Battle The courtroom drama…

The post U.S. State Department Investigates After Binance Executive Detained in Nigeria appeared first on Coinpedia Fintech News A Binance executive from America was held hostage in Nigeria, facing a bribe demand of $150M. The officer, Tigran Gambaryan, stayed captive for 70 days and was charged with tax evasion and money laundering. His colleague escaped, but he got arrested near Prince Harry and Meghan’s tour location in Nigeria. The US State Department said that they are actively investigating Gambarayan’s case.…