Government demanding from Binance the lists of its Nigerian users - page 2.

Mate2237

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Quote from: Doan9269 on April 09, 2024, 10:23:17 AM

With this that has been happening already, i seem not to believe in everything the government gives as report because most of them are not as the real case is, two people cannot be in custody and one escaped from them and the other left behind, this looks more of being planned, well, am not to judge on that, but we need to see things beyond what we are just hearing from the media on how possible could they be true, except they show us the other detained representative, i will not believe it was only one who escaped.

I agreed with you but according to the news, the one that escaped was kept in the house and it was house arrest so when the Ramadan fasting and praying came, he was also there praying and from there guyman tuama and bypass all the protocol to is country. Really this matter e no dey clear at all. And do you know that it is the American citizen that was left behind? Oya think of it, they are fighting dollar to be reduced and held back the American citizen. What is in your mind?

They want American government to respond and reduce their Currency exchange rate in the country and right now they have send di guy to prison. Nigerian government will never tell the public the truth behind this issue.

Coyster

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Quote from: Nwada001 on April 08, 2024, 04:52:43 PM

There are also rumours that he has been sent to Kuje Prison, a prison known to hold high-level criminals in the country, and he is said to be detained there till further notice.

The way our government they handle this matter no make sense at all, this is violation of human rights and the charges they have is against Binance and not this individual. Binance don already talk say this man no dey in any decision making position of the exchange, so what is the sense in hodling him back in Nigeria for many weeks now.

That being said, transferring him to Kuje prison is just flat-out crazy (if true), this man came into Nigeria of his own accord, he was not compelled or forced to come into the country, reports have it that they came for negotiations with the government, if we didn't want to negotiate, we should have just turned it down and allowed them return to their country. This whole saga has put Nigeria on the spotlight, but for the wrong reasons as usual.

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Quote from: Nwada001

Still on this matter, just few hours ago the Binance executive who was charged to court have been denied all 5 count charges against levied against him.

Nigeria Binance dispute: Cryptocurrency official denies money laundering

There are also rumours that he has been sent to Kuje Prison, a prison known to hold high-level criminals in the country, and he is said to be detained there till further notice.

My question still remains the same: what is the government doing to this guy? Is it fair enough? I mean, are they not cashing in the wrong person? As we all know, according to Binance officials, Mr. Gambaryan is not one of the Binance decision-makers, and as such, he has no right to authorise any action. So why not leave this guy and use proper legal ways to go after the right people who should be held accountable for anything relating to money laundering and tax evasion?

I guess the government heard a story about a country who use this same pattern to make huge amount of money from binance in their country when they entered their country illegally, but since the incident happened to binance official they reorganize themselves never to fall victims to any government again.

Since our government has failed to take the right action by bringing the CEO of binance to the round table to negotiate about some of the illegals activities that is be going on in the country with binance, and it has caused their fiat money not to be value in the country.

I believe the binance CEO i know will respond to the government in a positive way to find solution to their situation and the government will be happy with binance officials.

Doan9269

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Quote from: Charles-Tim on March 25, 2024, 08:57:02 AM

Quote from: Mate2237 on March 25, 2024, 08:44:27 AM

How na? Nawao Nigeria na really a crush scene oh. Na dat dis guy e don escape weti go happen to Di second guy? Di way I dey see this escape na plan work. Well we ni go fit confirm or tok anything about Di escape foe now but let's us be waiting to see weti go happen next. Dis I e now dem fit shutdown the whole exchange in Di country. I also saw Di news on my google chrome newsline and I was about to read it when I got your notification and I left there to come here. Nigeria Government would have settled dis case with Binance amicably but they prefer dragging it without solution.

Now that one don escape, the second one sef go escape under the SEC watch. Pump and plain SEC don collect something na make dem get Di ododo to escape.

This has nothing to do with the SEC, but you are not wrong that there is insider work. Not only one person but some people among the them made the escape possible.

The second executive will be monitored more than before. I can not say if he can escape or not but it will be more difficult than the first. But I believe there is some plans that we do not know now. Let us see what will happen.

With this that has been happening already, i seem not to believe in everything the government gives as report because most of them are not as the real case is, two people cannot be in custody and one escaped from them and the other left behind, this looks more of being planned, well, am not to judge on that, but we need to see things beyond what we are just hearing from the media on how possible could they be true, except they show us the other detained representative, i will not believe it was only one who escaped.

Loveday422

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Quote from: Charles-Tim on March 25, 2024, 08:57:02 AM

Quote from: Mate2237 on March 25, 2024, 08:44:27 AM

How na? Nawao Nigeria na really a crush scene oh. Na dat dis guy e don escape weti go happen to Di second guy? Di way I dey see this escape na plan work. Well we ni go fit confirm or tok anything about Di escape foe now but let's us be waiting to see weti go happen next. Dis I e now dem fit shutdown the whole exchange in Di country. I also saw Di news on my google chrome newsline and I was about to read it when I got your notification and I left there to come here. Nigeria Government would have settled dis case with Binance amicably but they prefer dragging it without solution.

Now that one don escape, the second one sef go escape under the SEC watch. Pump and plain SEC don collect something na make dem get Di ododo to escape.

This has nothing to do with the SEC, but you are not wrong that there is insider work. Not only one person but some people among the them made the escape possible.

The second executive will be monitored more than before. I can not say if he can escape or not but it will be more difficult than the first. But I believe there is some plans that we do not know now. Let us see what will happen.

My brother how is it possible that they excape without proper arrengement this country self, Wonder shall never sieze to happen in Nigeria at all,while did they even sieze them for the first place,you sieze foreigners ,maybe the country has passed a serious warning to your so call president if anything should happen to them that Nigerians will finish,I know that will be what will happen.i laugh in Chinese for them ;Dmr president

sokani

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Quote from: Nwada001 on April 08, 2024, 04:52:43 PM

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We know say Gambaryan na the wrong guy because no be him dey call the shoots at Binance, him no even dey among the top executives but arresting him na the only way Nigerian government fit hold Binance by the balls. Nigerian government no sabi wetin be legal channel, their name na bully, dem dey show the international community how dem dey take treat their citizens.

Many ways take dey to resolve this issue but dem resort to this. Nigeria na one of the top crypto nations for the world and many exchange dey interested in the Nigerian market. I believe say if to say dem been yan well, the two representatives for relay the message back to Binance but dem dey fear say Binance go exit Nigeria without dropping anything naim make dey use this approach. Our government dey fall our hands, dem suppose ask US how dem take do am with CZ Grin

Mate2237

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Quote from: Nwada001 on April 08, 2024, 04:52:43 PM

Still on this matter, just few hours ago the Binance executive who was charged to court have been denied all 5 count charges against levied against him.

Nigeria Binance dispute: Cryptocurrency official denies money laundering

There are also rumours that he has been sent to Kuje Prison, a prison known to hold high-level criminals in the country, and he is said to be detained there till further notice.

My question still remains the same: what is the government doing to this guy? Is it fair enough? I mean, are they not cashing in the wrong person? As we all know, according to Binance officials, Mr. Gambaryan is not one of the Binance decision-makers, and as such, he has no right to authorise any action. So why not leave this guy and use proper legal ways to go after the right people who should be held accountable for anything relating to money laundering and tax evasion?

I also heard the news today and it was rampant in the social media and other newspaper vendors site. They send am go there to await trial. But me I believe say the man e dey quilty and Binance as we . And when di man was send to prison Binance was not happy. And what Nigeria is doing na good one. Bcos if na Nigerian company do like dis sef dem for do di same thing even more. Ekweremadu him still dey there. But Nigeria dey fight di fight in a wrong way. Dem for us opportunity collect tax well from dem.

Yes it is for because he caught in the company and not in an isolated place and they were manipulating di Naira.

Nwada001

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Still on this matter, just few hours ago the Binance executive who was charged to court have been denied all 5 count charges against levied against him.

Nigeria Binance dispute: Cryptocurrency official denies money laundering

There are also rumours that he has been sent to Kuje Prison, a prison known to hold high-level criminals in the country, and he is said to be detained there till further notice.

My question still remains the same: what is the government doing to this guy? Is it fair enough? I mean, are they not cashing in the wrong person? As we all know, according to Binance officials, Mr. Gambaryan is not one of the Binance decision-makers, and as such, he has no right to authorise any action. So why not leave this guy and use proper legal ways to go after the right people who should be held accountable for anything relating to money laundering and tax evasion?

Mate2237

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EFCC been want arraign the remaining Binance staff wey dey under their custody and the man Gambaryan denied say him no be Binance officer and now EFCC no fit arraign am again because him now no be Binance officer. Him no be their agent and him na CIA him be and not an agent for Binance. So the question now who is winning the case? Nigerian government and her agencies fought the fight from a wrong angle. Dem for no attacked Binance like dat but dem for use policies and the law to hold the down. Now they are on the losing side of the fight.

Lambugini

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Honestly, each time I remember the issues of our government demanding for lists of it's Nigeria user, e de make me mad. Because I don't still know what government get to do with the operation of binance and it's users. Na for Nigeria I see that government will leave their responsibilities, I means things that they are suppose to do to better the life of her citizens instead chasing things that doesn't concern them. Na them (government officials) the pack the money finish for their selfish interest. Na then go still come the disturb us for where we dey sleep in peace. If they are seeking from binance list of it's Nigeria users they should also provide list of all government officials that have accounts outside Nigeria financial institutions. Abeg, na from them Yahoo start and na still from them I go stop. So make them no look everybody eye like say everyone be like them. Government should allow binance and it's users alone.

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Quote from: Charles-Tim on April 05, 2024, 03:05:12 AM

About tax evasion, I also think the government would win. Binance made money from P2P from Nigerians but not paying taxes. The exchange is not registered in Nigeria.

I was able to have a glance through yesterday's court judgement, and must confess its really going to be a tough one, as the accuse victim (i.e Gambaryan) who was arrested by the EFCC as an acclaimed Binance executive denied yesterday of he not having any business to do with the company. hence, making the case want to look tough

Quote

We should also blame Binance because before you can serve the people of a nation, you suppose to register in such nation.

But how was the registration process supposed to have been possible if i may ask, when you and i know how our Nigerian government has never for once offered any favorable policy to encourage cryptocurrency in the country, despite the massive interest of its citizens to engage in crypto trading, buying and selling, right from Buhari's administration and today current Tinubu's administration. So for me, i do not blame Binance, but rather our Nigerian govt for failing to approach this case in a more professional way, as there is a 100 chance, Binance would have loved to register and pay tax like done in US if only had they been given chance long time ago, but with the way the whole case is going, i don't think they will be ever interested after haven delisted our Nigerian ''NGN'' trading pair.

Charles-Tim

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The Binance case has been adjourned to April 19.

UPDATED: Court adjourns Binance tax evasion case till April 19

Quote from: https://punchng.com/breaking-court-adjourns-binance-tax-evasion-case-till-april-19/?amp

At the proceedings on Thursday, Binance and Anjarwalla were absent and had no legal representation in court.

Counsel for the FIRS, Moses Ideh, told the court that the plaintiff was unable to serve the second defendant, Gambaryan, the charge in the Economic and Financial Crimes Commission’s custody.

He noted that the bailiff was also denied access to the defendant.

Ideh said, “We have not been able to serve a copy of the charge on the second defendant. We mobilised the court bailiff to serve the second defendant but he was denied access, too. I will be making an application to serve him this morning.”

About tax evasion, I also think the government would win. Binance made money from P2P from Nigerians but not paying taxes. The exchange is not registered in Nigeria. We should also blame Binance because before you can serve the people of a nation, you suppose to register in such nation.

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Quote from: Nwada001 on March 29, 2024, 04:36:40 AM

The federal government is set to charge Binance and its executives in court on April 4th for a four-count tax evasion charge.

The accusation of aiding money laundering, financing terrorism and Naira manipulation were all without any evidence and more or less speculative, so i no dey surprised that neither of that was included in the charges.

Now our government dey focus on tax evasion and dem go win this one because Binance no dey opearate legally for Naija and many other countries. This na the reason why Naija dey hold those Binance executives, because when the judgement goes against them and Binance is fined for example, how do you compel them to pay that fine, so they are like the bait in all these. Anyway, i think the detention is illegal imo, they willingly came to Nigeria to negotiate with the government, only to be detained on arrival and forced to stand as "representatives" of Binance in the court hearings (though one person don already eacape).

Proty

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Is very wrong for the govt to have demanded for the list of people using binance this will be breaching the company privacy policies and making users from other countries not to trust the company.

Makus

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It wrong for binance not to have a registered license with the country and sueing them to court for that is right, but just as Nwada001 said, how about the false accusations on binance for manipulating the naira value against the dollar. Without proper research, they openly accused binance, and now what? In normal settings binance is not going to let that slide so easily so this might even lead to the end of binance operation in Nigeria totally or even the world. That is, if the case Intensifies and the regulators get involved in this. Because I remember clearly that towards the ending of last year, the regulator and SEC charged binance for money laundry and now they are facing charge of illegal operation without licence in 2 countries.

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Quote from: Nwada001 on March 29, 2024, 04:36:40 AM

The federal government is set to charge Binance and its executives in court on April 4th for a four-count tax evasion charge.

FG cleared to prosecute Binance and two others; the fleeing official’s lawyer withdraws

Why didn't they add the Naira manipulation, as they claim Binance has a hand in the devaluation of the Naira?

If it's for tax invasion, legal operation, and the rest of the counts I saw on the list, Binance is the victim as charged; they have been operating in this country long enough to get licenced if they wanted to.

They were tagged as the main Naira speculators with no real evidence...

The two charges are legitimate it's hard to back Binance on this one, they have been operating in Nigeria for far too long not to have a registered licence and to pay appropriate service tax. This is long overdue if they must continue to operate in Nigeria they must be regulated to some extent to protect customers right. The Philippines Govemment is also hooking them on the same No license operations.

Nwada001

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The federal government is set to charge Binance and its executives in court on April 4th for a four-count tax evasion charge.

FG cleared to prosecute Binance and two others; the fleeing official’s lawyer withdraws

Why didn't they add the Naira manipulation, as they claim Binance has a hand in the devaluation of the Naira?

If it's for tax invasion, legal operation, and the rest of the counts I saw on the list, Binance is the victim as charged; they have been operating in this country long enough to get licenced if they wanted to.

sokani

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BREAKING NEWS: Detained Binance executive sues NSA and EFCC, urges the court to release him from their custody and return his passport with immediate effect.

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Quote from: Charles-Tim on February 29, 2024, 03:03:57 AM

cutives-report/]FG detains two Binance executives –Report

Two senior executives of Binance were allegedly to have been detained by the federal government. The executive officers flew to Nigeria after Binance website was taken down by the NCC in a way Nigeria can not be able to access the website. Although, the site is still accessible through the mobile app.

The federal government are demanding to see a list of Binance Nigerian users since the exchange inception, a person familiar with the matter said.

I think the Nigeria Government are so happy seeing how Nigerians are suffering and they are so determined to frustrate every efforts that will ease the pains and hardship Nigerians are facing..

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Quote from: Charles-Tim on March 25, 2024, 08:57:02 AM

Quote from: Mate2237 on March 25, 2024, 08:44:27 AM

How na? Nawao Nigeria na really a crush scene oh. Na dat dis guy e don escape weti go happen to Di second guy? Di way I dey see this escape na plan work. Well we ni go fit confirm or tok anything about Di escape foe now but let's us be waiting to see weti go happen next. Dis I e now dem fit shutdown the whole exchange in Di country. I also saw Di news on my google chrome newsline and I was about to read it when I got your notification and I left there to come here. Nigeria Government would have settled dis case with Binance amicably but they prefer dragging it without solution.

Now that one don escape, the second one sef go escape under the SEC watch. Pump and plain SEC don collect something na make dem get Di ododo to escape.

This has nothing to do with the SEC, but you are not wrong that there is insider work. Not only one person but some people among the them made the escape possible.

The second executive will be monitored more than before. I can not say if he can escape or not but it will be more difficult than the first. But I believe there is some plans that we do not know now. Let us see what will happen.

This is proof that with the right price, you can get anything done just like how Tinubu became president, I guessed there's an high chance the other executive would escaped even if now the security is more tight it is still highly possible with the right price.
My reason for this is that, this man didn't just escape detainment but also got a Kenyan passport and traveled on air, guess we can say he has been planning this since he was detained

Topic: Government demanding from Binance the lists of its Nigerian users - page 2. (Read 1474 times)