[Crypto] Nigeria high court demand Binance to submit Nigeria users data.

[Legion]

Not that the two Binance executives escaped from detention, it is just only one person. If it is only one executive that came to Nigeria for dialogue, it is enough to do what the government did by detaining him. I do not like what the government is doing, they have more opened eyes but still prefer to go the wrong way. Instead for them to let bygone be bygone. They should have went easy on Binance and make it mandatory for the exchange and other foreign exchanges to have office in Nigeria. We needed more revenue and crypto exchanges can bring it but the government just prefer to go the wrong way again and again.

The Nigerian government suspects that crypto buying and selling activities on Binance are contributing to the inflation and devaluation of the Naira they are currently experiencing. They asked for user data from Binance for investigation, Binance responded to these accusations by stopping all transactions using Naira as of March 7 2024. With this incident I feel the government is too careless and blindly going into Binance without any strong evidence, Maybe this problem will not be It's great when the government wants to invite Binance and discuss directly the problems found.

[Charles-Tim]

International diplomats under prison detention escapes. Do they really know what they are saying.

What happened to the prison warders there stationed.

The two Binance officials were not jailed and no need to referred to the detention as prison. They are only detained and I think they still give them access to some things. I think it is just like house arrest is the detention. But if it is more than that, it is not up to what we can call jail or prison.

If anything happen to the man, he escaped by himself and Nigeria will not be held responsible if he is no more in Nigeria. According to the news we have read, he is likely no more in Nigeria but nobody truly knows where he is.

[Darker45]

This country na big joke. International diplomats under prison detention escapes. Do they really know what they are saying. Do you know how this sounds to the international community? How do we explain to their nation if something's happens to them in the cause of their escape.
Do you not know we are exposing our security architecture or apparatus to the international community as not reliable.
What happened to the prison warders there stationed. How were they able to gain access to the major exit.
All these questions just shows lapses in our security system which is very dangerous for us as a nation.
Do you know what that means? International spies can penetrate our  country without anybody knowing, they could do whatever they want and go their way without being disrupted. Nigeria security apparatus is just too weak.

I think the prisoners in prison were able to escape because the Nigerian security forces received money to keep their mouths shut, because so far when we have a lot of money in this country we can do whatever we want. This kind of system is indeed old. and must be repaired to increase state security.

[Darker45]

And I saw a paper that Nigerians government launched a global manhunt on the Binance staff who escaped from DSS custody so that he will be extracted to Nigeria again but will that be possible?

So you mean if he was to be found in his country that his government would allow Nigeria government to move him down to this country for detainment? There’s no way he’ll be released from his country. They might decide to deal with him over there but sending him over to Nigeria is not something I believe would happen.

It's true, it's possible that Nadeem Anjarwalla will receive punishment according to where he lives, the British and Kenyan governments should also be contacted immediately to carry out further investigations, I'm sure the Interpol in these two countries is very good and it should be easy to do this. What Nadeem Anjarwalla did also defamed a company as big as Binance. There may be very heavy fines and laws for Nadeem Anjarwalla for committing crimes with the Binance company.

[Agbe]

I think Binance is asking Binance to release the remaining Tigran Gambaryan the American citizen. And according to them, Tigran Gambaryan  has trained 70 Nigerians Economic and Financial Crime Commission EFCC personalities. And recovered $400,000 for cybercrime in the country. He has been working with Binance to assist them for some years now and he was not a staff in the exchange but works as a contractor. He is an expert of secret investigation for cybercrime and internet frauds. Therefore Binance is asking Nigerian government and it agencies  to release the man. Link here. https://gazettengr.com/american-tigran-gambaryan-trained-70-efcc-officials-recovered-400000-for-nigeria-before-nsa-ribadu-ambushed-him-binance/

[Darker45]

I think Binance is asking Binance to release the remaining Tigran Gambaryan the American citizen. And according to them, Tigran Gambaryan  has trained 70 Nigerians Economic and Financial Crime Commission EFCC personalities. And recovered $400,000 for cybercrime in the country. He has been working with Binance to assist them for some years now and he was not a staff in the exchange but works as a contractor. He is an expert of secret investigation for cybercrime and internet frauds. Therefore Binance is asking Nigerian government and it agencies  to release the man. Link here. https://gazettengr.com/american-tigran-gambaryan-trained-70-efcc-officials-recovered-400000-for-nigeria-before-nsa-ribadu-ambushed-him-binance/

I think this is quite a lot of money for one person, but we have to know, when it comes to talk about money there is a possibility that the government will negotiate for a higher offer. The economic condition in Nigeria is currently in a danger and it would be terrible if this happened, there would be a lot Residents became victims and some died because they couldn't buy food. But if the Government accepts the offer of money in that amount, then that's enough, the problem will be resolved soon.

[Cryptsafe]

It is unfortunate what this issue is resulting in. I had long foreseen this event taking place. I knew there would come a day when the federal government would request such details and to be frank with you, it is at the mercy of the exchange to either release it to them or not and doing such does not concern us because we already signed and agreed to the terms and conditions of service before opening an account with them.

It is already stated and if the need arises, they will comply now that the government has their staff under custody, they might use that as bait for their demand and finance would have to comply for their staff to be released.

Regarding the Binance official escape, I do not doubt that the "monkey hand is inside the pot of soup" Such a scenario is always carried out by an insider. So therefore all officers on duty should be held accountable for their actions.

[Cryptsafe]

This country na big joke. International diplomats under prison detention escapes. Do they really know what they are saying. Do you know how this sounds to the international community? How do we explain to their nation if something's happens to them in the cause of their escape.
Do you not know we are exposing our security architecture or apparatus to the international community as not reliable.
What happened to the prison warders there stationed. How were they able to gain access to the major exit.
All these questions just shows lapses in our security system which is very dangerous for us as a nation.
Do you know what that means? International spies can penetrate our  country without anybody knowing, they could do whatever they want and go their way without being disrupted. Nigeria security apparatus is just too weak.

I think the prisoners in prison were able to escape because the Nigerian security forces received money to keep their mouths shut, because so far when we have a lot of money in this country we can do whatever we want. This kind of system is indeed old. and must be repaired to increase state security.

Well I can not phantom  what transpired that led to the escape of the binance officials as I was not there and I have no idea what happened. I am curious as you are to know what happened not till the report from the investigation is been publicly announced, I think anything said now is just based on assumptions and rumours which I would not give in to.

I was only trying to communicate to the people the possibility of our security loopholes if truly those guy's escaped from the prison where they were arrested and detained that's all and nothing much.

[Igebotz]

I think Binance is asking Binance to release the remaining Tigran Gambaryan the American citizen. And according to them, Tigran Gambaryan  has trained 70 Nigerians Economic and Financial Crime Commission EFCC personalities. And recovered $400,000 for cybercrime in the country. He has been working with Binance to assist them for some years now and he was not a staff in the exchange but works as a contractor. He is an expert of secret investigation for cybercrime and internet frauds. Therefore Binance is asking Nigerian government and it agencies  to release the man. Link here. https://gazettengr.com/american-tigran-gambaryan-trained-70-efcc-officials-recovered-400000-for-nigeria-before-nsa-ribadu-ambushed-him-binance/

Unfortunately his services to the EFCC were duly paid for, this emotional attachment isn't going to get him released, he represented Binance and Binance is being charged with multiple tax evasion and money laundry offenses. He's going to be here until the Case with Binance is finalized.

It is already stated and if the need arises, they will comply now that the government has their staff under custody, they might use that as bait for their demand and finance would have to comply for their staff to be released.

Exactly what the Nigerian government is doing he's the only leverage they have on Binance and Binance is not making it easy at their end either. If they release this list so easily without a fight, other countries will start demanding for such a list too.

[Dr.Bitcoin_Strange]

JUST IN: NSA confirms Binance executive’s escape from custody

The Office of the National Security Adviser has confirmed that the detained Binance executive, Nadeem Anjarwalla, escaped from custody. It was reported that he escaped on Friday.

You can read more about it here: https://bitcointalk.org/index.php?topic=5487027.msg63855726#msg63855726

Very funny story. When will Nigeria stop their corrupt act. How can a stranger escape in a strange land when he is under the police custody. This means that they escape of one of the detainees was arranged by people in that place where he was put in custody, and they would have paid them. So what would be the fate of the second guy who is escape was not arranged. Maybe that would happen later. I cannot trust this our government and leaders.

It has always been from one funny story to another, but from the onset I doubted that binance was even going to release the information of every of their nigerian customers to the government and even if they had done that, what would the government do with the information? Would they be able to start tracking every individual one after another? Would they be able to even achieve anything with such data? I doubt.

[Charles-Tim]

but from the onset I doubted that binance was even going to release the information of every of their nigerian customers to the government and even if they had done that, what would the government do with the information? Would they be able to start tracking every individual one after another? Would they be able to even achieve anything with such data? I doubt.

The government wants the lists of top 100 Nigerian P2P traders but the EFCC wants the data of all Nigerian traders. This will make the EFCC to have access to Nigeria traders trading history and this can be used even inappropriately as they can go for the innocent people while they can not know all the innocent people because most innocent money are still in banks while the money can not be traced to criminals activities.

Even if Binance satisfies the government, that does not mean the government will not take Binance to court and fine the exchange.

[Sim_card]

but from the onset I doubted that binance was even going to release the information of every of their nigerian customers to the government and even if they had done that, what would the government do with the information? Would they be able to start tracking every individual one after another? Would they be able to even achieve anything with such data? I doubt.

The government wants the lists of top 100 Nigerian P2P traders but the EFCC wants the data of all Nigerian traders. This will make the EFCC to have access to Nigeria traders trading history and this can be used even inappropriately as they can go for the innocent people while they can not know all the innocent people because most innocent money are still in banks while the money can not be traced to criminals activities.

Even if Binance satisfies the government, that does not mean the government will not take Binance to court and fine the exchange.

My problem is the EFCC that would take advantage of those names if peradventure Binance releases them, and extort a lot of money from them. Our major problem is that the EFCC that is supposed to fight crime abuses their office and collects bribe, without taken any action. The only time we see them acting is if someone is against the government in power and they want to intimidate and disgrace the person because they have his corruption history. Apart from those EFCC are the worst. Imagine using corrupt people to fight corruption that is a waste of time and resources.

[Igebotz]

UPDATED: Court remands Binance executive in Abuja prison

Court remanded Binance executive in Kuje prison until his bail hearing application on the 18th April and May 5th for trial. He's facing 5 counts charges bothering on Money laundering, Currency speculation, tax evasion.

He allegedly denied being part of Binance. Lol this is getting hit up.

https://www.google.com/amp/s/punchng.com/breaking-court-remands-binance-executive-in-abuja-prison/%3famp

[Charles-Tim]

UPDATED: Court remands Binance executive in Abuja prison

Court remanded Binance executive in Kuje prison until his bail hearing application on the 18th April and May 5th for trial. He's facing 5 counts charges bothering on Money laundering, Currency speculation, tax evasion.

He allegedly denied being part of Binance. Lol this is getting hit up.

https://www.google.com/amp/s/punchng.com/breaking-court-remands-binance-executive-in-abuja-prison/%3famp

I have not seen this type of lawlessness before. If that guy is sentenced or fined, it is an evidence of how more the present government are useless. I hope they will stop manipulating naira price while the price of goods and services are increasing. The government should focus on better thing than what they are doing. After the allegations, many exchanges are still having P2P services for Nigerians. Instead to focus on regulation, they are focusing on what is not and what can not make the country to move forward. It would have been better if Nigeria regulate crypto exchanges.

[Igebotz]

UPDATED: Court remands Binance executive in Abuja prison

Court remanded Binance executive in Kuje prison until his bail hearing application on the 18th April and May 5th for trial. He's facing 5 counts charges bothering on Money laundering, Currency speculation, tax evasion.

He allegedly denied being part of Binance. Lol this is getting hit up.

https://www.google.com/amp/s/punchng.com/breaking-court-remands-binance-executive-in-abuja-prison/%3famp

I have not seen this type of lawlessness before. If that guy is sentenced or fined, it is an evidence of how more the present government are useless. I hope they will stop manipulating naira price while the price of goods and services are increasing. The government should focus on better thing than what they are doing. After the allegations, many exchanges are still having P2P services for Nigerians. Instead to focus on regulation, they are focusing on what is not and what can not make the country to move forward. It would have been better if Nigeria regulate crypto exchanges.

I would have been disappointed if they had sentenced him to Prison without fair trial. Having him go through the judiciary process is still within the rules. His case isn't looking good and there's a high possibility of him spending time In prison except Binance plead guilty to the allegations and pay due fine.

He claimed not to be a Binance representative but little did he know that he signed a paper as a representative of Binance before his first meeting with the FG.

The Naira has been gaining against the dollar since last month, whatever the CBN is doing it's working for them. We're likely going to see 900/$1 by next week or even less.