Binance executive’s legal proceedings in Nigeria postponed until April 19th

Tigran Gambaryan, a Binance executive based in the United States, who is facing charges of tax evasion in Nigeria, has had his case postponed until April 19, according to reports. Gambaryan will remain in Nigerian custody while authorities proceed with charges against Binance and two executives. The case was adjourned for two weeks. Gambaryan and another Binance executive, Nadeem Anjarwalla, traveled to Nigeria in February after allegations that the exchange manipulated the country’s fiat currency. Binance announced on March 5 that it would no longer conduct transactions in the Nigerian naira, effectively exiting the market for Nigerian users. Gambaryan and Anjarwalla were detained by authorities at the time of the announcement. It has been reported that they face charges including tax evasion and money laundering. Nigerian officials have continued with charges against Binance and Gambaryan, with the next hearing adjourned until April 8. Anjarwalla reportedly escaped custody on March 22 and managed to leave the country. Gambaryan’s wife has started a petition to bring him back to the US, which has gathered 1,719 signatures so far. Binance stated in a blog post on April 3 that Gambaryan had no decision-making power in the company and requested that he not be held accountable for the exchange’s activities in Nigeria. The former CEO of Binance, Changpeng Zhao, remains in the US after pleading guilty to one felony count as part of a $4.3 billion settlement with authorities. He is scheduled to be sentenced on April 30. Proposed crypto regulations in the US are being driven by lawmakers’ fear and doubt, according to reports.