BINANCE: Gambaryan’s Wife Demands Release of Collapsed Husband Amid Nigeria Currency Contravention Case

The wife of Tigran Gambaryan, a Binance executive detained by the federal government, has called for the release of her “ill” husband from the Nigerian Correctional Service, Kuje, Abuja, describing the detention center as a notorious place.

Yuki Gambaryan’s reaction on Thursday came after her husband’s collapse before the Federal High Court in Abuja, during a foreign exchange violation and money laundering trial brought against him by the Economic and Financial Crimes Commission (EFCC).

Nairametrics earlier reported that his lawyer, Mark Mordi (SAN), had informed the court that Gambaryan had not been feeling very well since the last date of the trial.

Recall that a Director of the Security and Exchange Commission (SEC), Abdulkadir Abbas, had told the Federal High Court in Abuja that the cryptocurrency exchange platform Binance Limited used its virtual peer-to-peer (P2P) Naira feature to devalue the Nigerian currency.

Abbas, who identified himself as Director of Exchanges and Market Infrastructure at the Securities and Exchange Commission (SEC), told Justice Emeka Nwite on Friday that the Naira P2P feature implemented by Binance, as well as the number of people on the platform , “negatively affected the official.” exchange rate.”

The news continues after this announcement.

The news continues after this announcement.

The Nigerian government had accused Binance and its executives, Tygran Gambaryan and the fleeing Nadeem Anjarwalla, of allegedly conspiring with each other to conceal the source of financial proceeds from their alleged illegal activities in Nigeria, including $35.4 million.

The trial began last Friday after the judge rejected Gambaryan’s bail request.

But when the court clerk called the matter Thursday, a lawyer helped Gambaryan to the stand. Despite help, the defendant collapsed.

Mordi then told Judge Emeka Nwite that he had a letter detailing his client’s health conditions and used the moment to ask for an adjournment so that his client could receive proper medical care.

EFCC lawyer Ekele Iheanacho did not oppose the call for an adjournment.

The court subsequently ordered the prison service to take Gambaryan to a medical hospital for treatment and set June 20 and 21 for cross-examination and trial.

Gambaryan’s wife reacts

Amid the development, Yuki, in a statement signed by his Public Relations agent, Michael Hinkle and sent to Nairametrics by mail, maintained that the former US federal agent is being unjustly detained in Nigeria.

She urged the Nigerian government to let her sick husband go.

His statement said:

“Yesterday, despite numerous signs of serious illness, my husband had to appear in court, where he later collapsed. The conditions in the notorious Kuje prison are, in a word, devastating. My husband is a strong, healthy person, but he faces an environment that would bring even the strongest among us to their knees.

“For almost three months, Tigran has faced unimaginable stress at the hands of unjust detention, a sense of loss at being separated from everyone he knows and loves, and now a serious illness that, in my opinion, does not allow him to get medical attention. attention he deserves.

“I ask, once again, for his immediate release. This punitive punishment against Tigran in an effort to attack his employer has gone on for quite some time. My husband is sick, he needs help. Please show some sense of humanity.”

More information

The SEC is a federal government agency that carries out the registration of all capital market stakeholders, instruments to be traded in the market and all trading platforms.

In addition, the SEC makes capital market rules and regulations, conducts investigations, investigates their enforcement, and supervises the market.

Nairametrics reports that a popular method of buying and selling cryptocurrencies is peer-to-peer, also known as P2P.

The seller and the buyer are connected in what can be compared to a market.

Binance and its executives are facing two separate lawsuits from the Federal Inland Revenue Service (FIRS) and EFCC. The first borders on tax evasion, while the second deals with money laundering and foreign exchange violations.

Nairametrics recalls that the executives have also initiated a fundamental rights case against Nigerian government agencies, alleging a violation of their constitutional right to liberty.

On February 28, Nigerian authorities detained two senior Binance executives, Nadeem Anjarwalla, a 37-year-old British-Kenyan who serves as regional manager for Africa, and Tigran Gambaryan, a 39-year-old American who is chief financial officer. . Compliance with crimes on Binance.

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