Government demanding from Binance the lists of its Nigerian users

[EarnOnVictor]

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

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.

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[Charles-Tim]

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/

Investigations by our correspondent revealed how Mr Gambaryan who is currently remanded in Kuje Correctional Facility, applied for a new United States of America passport, under the pretence that his seized passport was missing.

The Armenian-born Binance executive, Gambaryan who has both American and Armenian passports, told the US Embassy in Abuja that he lost his passport which is currently being held by the EFCC, impeccable anti-graft sources privy to the development but not authorised to speak, told The PUNCH on Wednesday.

Following the development, the EFCC has urged the Federal High Court sitting in Abuja to disregard Gambaryan’s bail application, while noting that the Armenian-American could flee from Nigeria like his Kenyan-British colleague, Nadeem Anjarwalla who fled to Kenya.

A source, who is privy to the investigations, revealed that “The second Binance executive, Tigran Gambaryan, who is currently remanded in Kuje prison, has planned to escape from the facility. He applied to the US embassy in Abuja to issue him a new Visa while lying that he lost his passport which was seized by the EFCC.”

Another source, who insisted on anonymity, noted that “Gambaryan could have escaped from Kuje if not for the fact that the US embassy flagged his request for a new passport. Fortunately, the US embassy immediately reached out to the EFFC, and the embassy was informed that he’s a criminal suspect whose case is currently in court for alleged money laundering – concealing the source of the $35,400, 000 generated as revenue by Binance in Nigeria knowing that the funds constituted proceeds of unlawful activity.”

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

[Franctoshi]

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.

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.