Topic: Government demanding from Binance the lists of its Nigerian users (Read 1474 times)

This is just the government going extreme to make squeeze profit out from binance in this case, a case that ought to have been resolved but they keep adjourning the case. I think it's the continuous unnecessary adjourning of the case that has attracted the new development about the USA congress man calling for a declaration of their citizen in the Nigerian government custody as a case of hostage than a litigation matter.

It's obvious as it seems they are hostages in the hands of our government, their actions as being inhumane, I thought this were all sorted out, just went to read latest news about this after I saw this post.

They're finding ways to fine them though actually I'm curious once this as been flagged as an hostage case, will Binance just be free from all possible charges and seeing their executive released only or will these executives be able to fine the Nigerian government also for the unfair treatment?

US lawmaker asks Congress to treat Binance exec in Nigeria as a ‘hostage’

House Committee on Foreign Affairs, Rep. McCormick claimed that Nigerian government detained Binance executive Tigran Gambaryan. That he was detained by government in order to extort the cryptocurrency exchange.

We all know that this is true.

He wants United States to formally declare Gambaryan as a hostage and that the case should be resolved by mid-july.


https://cointelegraph.com/news/us-lawmaker-congress-binance-exec-nigeria-hostage

I also posted this on altcoinstalks.

My dear, you don talk am finish, they think say they won use our brain wey he say we don already sabi wetin dem dey plan to do and they know say na true  Binance na e some people dey take chop and they won just cancel because mk them dey enjoy to dey see people suffer and them dey also get money too from us, but as we no gree, we don wise up, they won just look for who to blame to because they know na them be the cause of why the country dey like this but they no won accept am but e concern them sha because the evidence plenty say Binance na blessing to us, so na for just our leaders to just accept the truth and leave us hand, make we do wetin go dey help us for life.

Binance CEO claims Nigerian officials demanded $150 million ‘bribe’ in crypto payments to ‘make issues go away’

Richard Teng, the firm’s chief executive officer (CEO), made the claim in a blog post on Tuesday. The company first disclosed the amount of the bribes - $150 million- to the New York Times.


What Nigeria government can't do does not exist.

Teng acknowledged Nigeria’s significant influence over the future of Binance


He also said that Nigeria government detain the Binance officials just to control Binance. That it is unjust and dangerous precedent” for international businesses.


How about the executive that fled to Kenya that was arrested? Has he been sent back to Nigeria?

All this attempts will not hold water if Federal Government fails to the right thing , Since that they've held Binance executives hostage for quite some months now ,What have they done to other exchanges or is this just only targeted on Binance?.

 Because I'm quite sure that majority of Nigerian Bitcoin enthusiasts and traders have resorted to using other platforms for their transactions, things can't stop this way ,If they can't put measures in place to strengthen the Naira, by increasing local production and thus increase exportation, build factories or things that will attract foreign investors, it only just a matter of time the Naira will further depreciate against the United states dollars, the real impact of this Naira appreciation hasn't been priced into the economy.

Even as of today the Naira is trading at $1/#1390 against the dollar, And since the IMF news about the CBN is only defending the Naira with the dollars in their reserves, that the recent Naira strength has no real impact to the economy, we've seen Naira began to lose its gains, whilst the price of goods and services are still on the increasing side.

EFCC said Court should disregard Tigran Gambaryan bail application

You can read it in full: https://punchng.com/how-binance-executive-planned-prison-escape-applied-for-new-us-passport/



If all these are true, I do not think Mr Gambaryan will be granted bail.

Sorry this is coming late, I just saw it. I've responded to many similar stories and I must say with all emphasis that the Nigerian government are just unspeakable in reasoning and I wonder what they stood to gain eventually because the way I see things, Binance will not yield anymore. If they like, they should jail the Binance executives, nothing will happen, and in the end, Binance would compensate them as though they were still actively working and would treat it as though they are being vilified on the official ground. They came to Nigeria as the representative of Binance before the Nigerian government "kidnapped" them with their rascality that would amount to nothing.

As I've always said, Binance is not the only country dealing with Nigerians and many are not registered in Nigeria. I am also certain that many countries' citizens are dealing with Nigerian businesses without the Nigerian business having any presence in their country despite financial flows happening. So what? The Nigerian government should have used their senses in this case instead of playing towards the path that would make them lose totally. I wonder about their (government) gain when those guys served their jail terms and still earned nothing from Binance which has claimed many times that it does not have any presence in the country.

Besides, I feel for the absconded guy who has now been rearrested in Kenya, he should have run to a better country than Kenya, he should have learned from Nnamdi Kanu that such a country is shameless, nothing so different from Nigeria. I wonder on which ground the guy would be arrested if he is in Europe and other good countries. Nevertheless, I am disappointed about what Binance is doing through legal means to stop the extradition, even if they lose, they should have at least tried, and not let this political rascality continue unabated.

As for the Nigerian names requested, since they refused to work with Binance, now to what gain? The company they never allowed to cooperate with them? I think they will get that in their dreams. This is especially true as they have lost all jurisdiction rights since Binance has stopped all NGN transactions.

First thing, the Nigerian government are not being professional at all by any means, because i see no reason why they will have this same business executive escaped through the boarder down to Kenya without any clew when we have all the securities available, yet he escaped from Nigeria down to Kenya before he was later been apprehended by the Authorities in Kenya, this gives me thoughts if we are actually safe and being secured at all or we are been deceived instead by the security operatives and government, if something like this could actually happened.

Waiting federal government want, waiting them wan use am do if not be thief wey federal government be, me with my own hard earned money na e one stupid federal government go Dey disturb my life, Binance no go even try do that rubbish with them na, because even if them get the list na steal them go steal people money, but I Dey wonder ooh, what is the meaning of this, this thing start from the day wey I see dollar enter 1900 naira and the federal government say make them no allow Nigeria use Binance again, say na because of dollar na E make things price high for the country, see our government na big criminal and by god grace them no go see waiting them want.

The most painful part be say upon all this thing wey happen, nothing change for the country, the price of things are getting high everyday, I don talk am before say if things price rise for Nigeria it will never go down, and look at it now, E even better make dollar no come down because I no see why dollar come down and nothing change, person just Dey see different shege banza for Naija everyday.

Let us see what will happen. Nnamdi Kanu is an agitator demanding for Biafra nation. Court ordered him after he was released from prison not to appear among many people. He disobeyed and he wanted to be arrested again which made him travel abroad. He was left alone abroad until he traveled to Kenya. Kenya may see it as an offence which led to his extradition to Nigeria. But about Nadeem Anjarwalla, we do not know what will happen yet as they were not wanted when they traveled to Nigeria. I do not know much about law and order but let us see what would happen.

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Court to hear Binance executive’s bail application Tuesday

Justice Emeka Nwite, has adjourned till Tuesday (which is tomorrow) to hear the bail application of the detained Binance executive, Tigran Gambaryan.

https://punchng.com/court-to-hear-binance-executives-bail-application-tuesday/

I no know whether to call this a good news or bad news so. Whichever way so, the binance executive extradition to Nigeria go bring so many questions on how he was able to escape from Nigeria's custody.

The question that will be asked, na who and who aided his escape cos I believe sae so many top politicians and policemen go d highly involved for em escape, which them collect bribe for. However Kenya no be a country to go if you know sae your name d for the black book of the Nigerian government cos you see you, see extradition to Nigeria. For example extradition of Nnamdi Kanu from Kenya to Nigeria

Make we see how this one go play out, whether na to grant am bail, or without bail until em serve for prison for months before he will be released

Kenyan police arrest Binance executive who escaped from Nigeria

Binance executive, Nadeem Anjarwalla has been arrested in Kenya and there is possibility that he will be extradited to Nigeria.

The Binance case has been adjourned to May 17.


Binance has also been charged with money laundering:


The second link is the main source
https://cointelegraph.com/news/binance-tax-evasion-trial-moved-to-may-17-in-nigeria
https://businessday.ng/news/article/nigerian-court-adjourns-binance-and-executives-tax-evasion-trial-to-may-17/

Everyone of us go de alright if we de only follow these legit projects and always becoming patient, there's more incoming promising projects, just hold your ground and things go de turn your favour small small. The whole matter tire me, but how man go do na? But to succumb to the current state of the country and pray for am to better. But anyhow e bad reach, Man go still survive.  Regarding this Binance, this is one of the most organized, popular and secure crypto exchange in the world but Nigeria have succeeded in ruining the future plans and it have affected everyone.

No be only Nigeria wey Binance dey operate illegally, Binance no dey registered for Philippines, wetin deir govt do about am? Di govt blacklist binance url and also block deir app on Playstore. Why dem no find somebody to arrest, if binance no say di Filipino market dey important to dem, dem go do di needful. Na wetin I expect from Nigeria govt and no be to resort to dis illegal arrest and bullying, dem dey give us bad name. Even the wife of di detained binance staff don speak out dey discourage foreign investors from coming to Nigeria.

No mata wetin dem do naira no go fall reach 1k.

According to the Binance spokesman about the case, he said the charges against Gambaryan who is the Binance staff is  “meritless" and that means the charges are not supposed given to him because he dey innocent of the charges. Therefore it is nonsense for him to be in the Kuje prison or the correctional center. And why Nigeria government dey vex be say, from di outset Binance company refused to collect license for di company so when dem dey shey him dey innocent dey make Nigerian government dey vex well well.

Last last everything go still settle down. Make we dey see weti go happen. Naira still dey high. If na di way hom take fly go up an him for take come down, but now him for don reach 400 naira sef.

CZ the owner of binance Will never agree to release any names because if he does that, that's the finish point of his company because I learnt 95% of Nigerians are into binance so if he released the name he has cast his work ,but to me federal government should try their best to put an end of this matter because if really is binance that make Nigeria currency to be high that means it will be put to an end yes,let FG restrict all the users of Bitcoin bbinanc

Demanding for the list of binance Nigerian users is unjustifiable in this course by the Nigeria federal government in their bid fighting to stabilize the naira value.

 What do they want to use the list of names for?

There's every tendency that at the release of such data from binance into their hands many users will be victimize and unlawful suppressed through the use of government power based on what size of money they have starched in cryptocurrency or stable coin.

There are other legal ways they the government can go about their case with binance and this one isn't one prudent way among many.