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Binance Executives Take Legal Action Against Nigerian Authorities: Reports

Binance

Two Binance executives, currently detained in Nigeria after their visit for consultations, have filed a lawsuit against two government agencies, alleging violations of their human rights.

According to local media reports on Friday, the two Binance executives, who have been held in Nigeria since February, have initiated legal action against the National Security Adviser, Nuhu Ribadu, and the Economic Financial Crimes Commission (EFCC) for allegedly breaching their fundamental human rights.

In their separate filings submitted to the Federal High Court in Abuja, Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, are seeking the court’s intervention to secure their release, return of their passports, and a public apology from the agencies, as per Leadership, citing the government-owned News Agency of Nigeria.

The executives, along with the company, were charged earlier this month with four counts of tax evasion by Nigerian authorities. They were detained upon their arrival in the country after being invited for discussions with officials regarding company matters. Anjarwalla reportedly managed to escape last week after being taken to a mosque for prayers. Central bank governor Olayemi Cardoso accused the company of facilitating the untraceable movement of billions of dollars worth of naira, contributing to currency exchange rate instability.

During a hearing on Thursday, the agencies failed to present representation, as reported by Punch. The case has been adjourned until April 8.

The legal actions have been filed under the case numbers FHC/ABJ/CS/356/24 and FHC/ABJ/CS/355/24.

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