Binance, Executives Face Money Laundering Charges in Nigeria


UK Bans World's Largest Cryptocurrency Exchange, Binance

The Economic and Financial Crimes Commission will on Thursday arraign Binance Holdings Limited and two of its senior executives, Tigran Gambaryan and Nadeem Anjarwalla, who recently escaped from custody and fled Nigeria, over an alleged $35,400,000 money laundering case.

The EFCC had on Thursday, March 28, charged Binance Holdings Limited, Gambaryan, Anjarwalla with laundering $35,400,000.

The EFCC, which has now fully taken over the case from the Office of the National Security Adviser, has also detained Gambaryan and has obtained a court warrant to arrest and extradite Anjarwalla.

Confirming the development to our correspondent on Friday, impeccable sources in the anti-graft agency said that Anjarwalla would be arraigned in absentia alongside Binance and Gambaryan.

“The detained Binance executive, Gambaryan, is now in the custody of the EFCC. The NSA has handed over the matter to the EFCC for investigation and prosecution. The commission has charged Binance, Gambaryan, and Anjarwalla to court for $35,400,000 money laundering, and they’ll be arraigned in court on Thursday, April 4, 2024,” a source told Sunday PUNCH.

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