New post Need visibility? Apply for a FREE post for your Startup.  Apply Here

News

Court Orders Arrest of Prison Doctor in Binance Executive Case

1 Mins read

A Federal High Court in Abuja has issued a bench warrant for the arrest of Dr. Abraham Ehizojie, the medical officer at Kuje Correctional Centre. The order came after Dr. Ehizojie failed to produce the medical report of detained Binance executive, Tigran Gambaryan, despite previous court directives.

Justice Emeka Nwite made the ruling on Tuesday, expressing frustration at the apparent disregard for court orders by a government institution. The judge also ordered Gambaryan, who appeared in court in a wheelchair, to be admitted to Nizamiye Hospital for a 24-hour medical examination under strict security surveillance.

Gambaryan, a U.S. citizen and Binance’s head of financial crime compliance, has been in custody since February, facing money laundering charges alongside the cryptocurrency exchange. His legal team, led by Mark Mordi SAN, has raised repeated concerns about his deteriorating health, citing a herniated disc causing severe back pain.

The case has drawn international attention, with Gambaryan’s family pleading for his release and proper medical care. His colleague, Nadeem Anjarwalla, reportedly escaped from custody in March, adding another layer of complexity to the ongoing legal saga.

The charges against Binance and its executives stem from allegations of laundering over $35 million and operating without proper licensing in Nigeria. The country’s authorities have accused the cryptocurrency platform of contributing to its currency woes, as it became a popular avenue for trading the Nigerian naira amid chronic dollar shortages.

Read also: Nigeria to boost data sovereignty with Nigerium – its indigenous Blockchain technology

In a separate but related case, Binance faces tax evasion charges, though the court recently dropped charges against Gambaryan and Anjarwalla in that particular suit.

As the legal proceedings continue, the court has adjourned the money laundering trial to October 11 and 18, 2024. The case underscores the growing tensions between global cryptocurrency operations and national financial regulations, with significant implications for both the crypto industry and Nigeria’s economic policies.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

859 posts

About author
When I'm not reading about tech, I'm writing about it, or thinking about the next weird food combinations to try. I do all these with my headphones plugged in, and a sticky note on my computer with the words: "The galaxy needs saving, Star Lord."
Articles
Related posts
News

Nigeria's SEC approves two crypto exchanges to operate in the country

1 Mins read
Following the exit of two giant crypto exchanges from Nigeria, the Securities and Exchange Commission (SEC) has granted provisional licenses to two…
News

Bolt suspends inter-country ride requests for users in Nigeria and South Africa

1 Mins read
Ride-hailing app Bolt has been forced to restrict inter-country ride requests between Nigeria and South Africa – following a bizarre social media-driven…
News

US-based Halliburton suffers cyber attack; shuts down systems

1 Mins read
Halliburton, a giant in the oil and gas sector, has become the latest victim of cyber attack. The attack, which came to…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here - t.me/TechpadiAfrica

Leave a Reply

×
Mobile

African smartphone market surges in Q1 2024, outpacing feature phones