News
  • Elena R
    author-profile

    Elena R right arrow

    Author

    Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

    • author twitter

  • 2 minutes read

No Human Rights Were Violated: Nigerian Court Throws Out Lawsuit by Binance Exec

Story Highlights
  • A Nigerian court dismissed a human rights lawsuit filed by a Binance executive who had fled the country.

  • Another Binance executive remains detained in Nigeria on money laundering charges.

  • The case is creating tension between the US and Nigeria, with the US possibly intervening to secure the executive's release.

A dramatic turn of events for Binance! Nadeem Anjarwalla, an executive at Binance, recently encountered a significant setback in Nigeria when a federal high court dismissed his human rights lawsuit against the National Security Adviser and the Economic and Financial Crimes Commission.

But there’s more to this story. Keep reading to find out how this is escalating into a potential international clash.

Trouble With the Authorities

The court decision was largely due to Anjarwallaโ€™s lack of legal representation after his lawyer withdrew from the case. Anjarwalla, who holds dual British and Kenyan citizenship, had fled Nigerian custody on March 28th amidst regulatory concerns surrounding Binanceโ€™s operations in the country.

According to Nairametrics, Binanceโ€™s lawyer, Tonye Krukrubo, stepped down from the case so Anjarwalla could find new representation. By that time, Anjarwalla had already escaped prison and fled to Kenya. The court paused proceedings until June 19 to allow Anjarwalla to appoint new lawyers.

Status of Tigran Gambaryanโ€™s Detention

Meanwhile, Tigran Gambaryan, another Binance executive, remains detained at Kuje Prison in Nigeria. He is facing charges related to money laundering and has been denied bail by the court, which considered him a flight risk. Despite the Federal Inland Revenue Service dropping charges against him, the Nigerian government continues to engage with Binance over regulatory issues.

Allegations of Human Rights Violations

Anjarwalla claimed Nigerian government entities violated Section 35 (1) and (4) of the Constitution, arguing his unlawful detention caused significant distress to him and his family. However, Justice Ekwo dismissed the human rights case due to lack of diligent prosecution. The court has scheduled a hearing for Gambaryanโ€™s case on July 9.

Rising Diplomatic Tensions

This case is increasing tensions between the US and Nigeria, with potential US government intervention in Gambaryanโ€™s case. Recently, FBI Director Christopher Wray met with Nigeriaโ€™s President, sparking discussions about diplomatic efforts to secure Gambaryanโ€™s release. US lawmakers have been vocal in calling for Gambaryanโ€™s freedom, criticizing Nigeriaโ€™s actions as baseless and coercive against Binance.

Binance insists that Gambaryan is not a significant decision-maker within the company and opposes his continued detention while negotiations with Nigerian authorities are ongoing.

Also Check Out: Crypto Market Surges on Regulatory Relief and Whale Activity

The situation is getting heated. Can the US intervene? Let us know what you think.

Show More

Related Articles

Back to top button