Court Calls CBN Governor To Account For Binance Executive’s Continued Detention

Court Calls CBN Governor To Account For Binance Executive’s Continued Detention....KINDLY READ THE FULL STORY HERE▶

A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria (CBN) and the Head of the Legal Services Department of the CBN to appear before it on Monday, September 2. They are required to present specific documents for the continuation of the trial against Binance Holdings Limited and its executives in a money laundering case…..CONTINUE READING 

At the last court session, Judge Emeka Nwite had postponed the trial to October 11. However, following a request from the defense counsel, the court advanced the date by one month.

The trial involves Tigan Gambaryan, Head of Financial Crime Compliance at Binance USA, and Nadeem Anjarwalla, Binance’s regional manager for Africa. Both are charged with money laundering involving $35 million, brought by the Economic and Financial Crimes Commission (EFCC). Initially, Gambaryan and Anjarwalla were held by the Office of the National Security Adviser (ONSA). Anjarwalla escaped custody on March 22, 2024, while Gambaryan was transferred from ONSA to EFCC custody and is now detained at Kuje Correctional Facility.

In the document titled *Subpoena Duces Tecum* (case number: FHC/ABCR/138/2024), the court has instructed the CBN Governor and the Head of Legal Services to either attend personally or delegate someone to present the following documents: a certified true copy of the “Export Exchange Rate Results” excel spreadsheet from the CBN website for the period June 1, 2024, to August 16, 2024.

The subpoenas, issued in the name of the President of the Federal Republic of Nigeria, command the CBN officials to appear before Judge E. Nwite at 9 a.m. on September 2 and to bring the requested documents.