Nigeria Requests Extended Detention For Two Binance Officials

The Nigerian Government has asked a magistrate court in Abuja to allow more time to detain two employees of Binance, Tigran Gambaryan from the U.S. and Nadeem Anjarwalla from Britain-Kenya.

The two have been held for over two weeks, and with the initial detention period ending, the Economic Financial Crimes Commission (EFCC) seeks to extend their custody for ongoing investigations, according to Reuters.

Nevertheless, Binance stated they are cooperating with Nigerian authorities to help release their detained employees but didn’t discuss the case’s details further.

The government’s actions against Binance, including demanding a list of top Nigerian users and their transactions for the release of the detained officials, are part of efforts to strengthen the Nigerian currency. Claims have been made that Binance facilitates currency speculation, leading to the blockage of its services in Nigeria.

Following these developments, Binance pulled out of the Nigerian market and stopped all transactions involving Nigerian currency.

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