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Everything You Need To Know About The Binance Executives Detained In Nigeria

The world’s biggest cryptocurrency exchange Binance is halting operations in Nigeria’s naira currency as the government puts cryptobusinesses under increasing scrutiny.

Published

7 months ago

March 26, 2024

Rhoda John

The world’s biggest cryptocurrency exchange Binance is halting operations in Nigeria’s naira currency as the government puts cryptobusinesses under increasing scrutiny. The decision came after authorities in Africa’s biggest economy imposed restrictions on cryptocurrency exchanges as part of attempts to halt the sliding value of the local currency. This article contains detailed information on who the Binance executives are, and why the Nigerian government detained them. meet the Binance Executive detained.

Meet The Binance Executives Detained In Nigeria

Who is Tigran Gambaryan

Tigran Gambaryan is a former US special agent for the Internal Revenue Service — Criminal Investigations (IRS-CI) Cyber Crimes Unit who joined Binance in an investigative role in 2021. Gambaryan has been named the Vice President of Global Intelligence and Investigations who works closely with the firm’s Chief Security Officer as they lead the audit and investigations team, collaborating with law enforcement to secure internal and external cryptocurrency operations and prevent loss.

He has over 10 years of experience from his special agent role at the IRS-CI, where he led cyber investigations into events such as the BTC-e bitcoin exchange, the Silk Road corruption investigations, and the Mt. Gox hack.

Nadeem Anjarwalla is a British lawyer and Kenya-based manager for Binance Africa. Before joining Binance, Nadeem served as a Partner at Global Founders Capital. In this global venture capital fund, he made and managed the fund’s investments across Africa, primarily in early-stage technology-enabled businesses.

However, He has also served as General Manager at Uber Eats, where he sat on the Sub-Saharan Africa Leadership Team and scaled Uber Eats’ presence in the region. Nadeem holds a BA in Philosophy, Politics, and Economics from Oxford University and an MA from Stanford University.

Why Were The Binance Executives Detained

The Federal Inland Revenue Service accused Binance of non-payment of value-added-tax and company income tax, failure to file tax returns, and complicity in aiding customers to evade taxes through its platform, it said in an emailed statement Monday. The Nigerian government filed tax evasion charges against Binance and two executives of the cryptocurrency platform, as the government said that one of the men had fled the country.

However, It has been confirmed that Tigran Gambaryan, Binance’s head of investigations, and Nadeem Anjarwalla, a British lawyer and Kenya-based manager for the crypto exchange for Africa, are the two Binance executives detained by the Nigerian government. According to online reports, these executives flew to Nigeria following the country’s restriction on several cryptocurrency trading websites and were detained by the office of the country’s national security adviser with their passports seized.

According to online reports, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offenses, Nadeem Anjarwalla, has reportedly escaped from custody from the Abuja guest house where he and his colleague were being held. He was said to have escaped after some guards on duty escorted him to a nearby mosque for prayers.

The arrest came amidst efforts by the government to rein in speculation on the naira by cracking down on cryptocurrency exchanges. where the charges against Binance include non-payment of Value-Added Tax, Company Income Tax, failure to file tax returns, and complicity in aiding customers to evade taxes through its platform. The British national, who also holds Kenyan citizenship, is suspected to have departed Abuja via a Middle East airline.

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Everything You Need To Know About The Binance Executives Detained In Nigeria

Latest News

Everything You Need To Know About The Binance Executives Detained In Nigeria

Meet The Binance Executives Detained In Nigeria

Who is Tigran Gambaryan

Who is Nadeem Anjarwalla

Why Were The Binance Executives Detained

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