Nigeria High Court dismisses Binance executive's human rights lawsuit: No one attended court

According to Nigerian financial media Nairametrics, the local High Court on Thursday dismissed Binance executive Nadeem Anjarwalla’s lawsuit against the National Security Office (NSA) and the Economic and Financial Crimes Commission (EFCC). filed a fundamental human rights lawsuit, saying the case was being dropped due to a lack of legal representation from both parties.

Nigerian court dismisses human rights lawsuit against absconding Binance executive

The Federal High Court in Abuja yesterday (19) ruled to dismiss Anjarwalla’s human rights lawsuit against the NSA and EFCC because of the legal issues between the two parties. The team were absent from the proceedings.

Judge Inyang Ekwo in the case said that Anjarwalla’s lawyer Tonye Krukrubo originally claimed that he would replace his legal representative, but as a result, no one appeared in court: it seems that this did not happen, and therefore, due to the lack of due process of prosecution, I ordered the case to be dropped.

In March this year, before absconding out of the country, the head of Binance Nigeria invoked Nigeria’s 1999 Constitutional Amendment, accusing the Nigerian government of violating his basic rights by previously detaining him and confiscating his passport. : The defendants (NSA and EFCC) continue to detain the applicant (Anjarwalla), which has caused tremendous hardship and emotional stress to the applicant, his wife, children and other family members.

Currently, the last trace of Anjarwalla was found in Kenya, and a red notice was issued by the International Criminal Police Organization (ICPO).

Detained executive contracted malaria and was criticized for slow treatment process

At the same time, another detained Binance financial crimes compliance director, Tigran Gambaryan, also made similar claims lawsuit, the court set a hearing on July 9.

Obviously, Gambaryan is currently bearing the pressure of law enforcement in Nigeria alone. Last month, he fainted in court due to malaria and severe pneumonia.

His wife Yuki is worried that although the court allowed him to be transferred to the hospital for treatment, the institution was quite slow in handling the transfer process: Although the court allowed him to be admitted to the hospital for treatment, he can only stay in the hospital for treatment. Being in prison sick, this shocked me.

And cried, "He did nothing wrong and suffered just because he accepted the invitation to the meeting in Abuja."

In February this year, the Nigerian authorities accused Binance of suspected Manipulating exchange rates, accumulating tax arrears and participating in money laundering, it is seeking tens of billions of dollars in compensation and detaining two of its executives.

Binance’s bumpy regulatory road

Last month, Binance also failed to register as a foreign currency service business (FMSB) in accordance with the law and failed to report a single transaction of more than US$10,000. The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) imposed an administrative fine of 6 million Canadian dollars (approximately US$4.4 million) on a large-scale cryptocurrency transaction.

Earlier this month, Binance also appealed the penalty, saying that it had sought to launch business there, but it never materialized due to strict regulations: We have not launched services for Canada, and any Participation in the Canadian market is a by-product of Binance’s global business.

In the past two years, Binance has been hindered in regulatory compliance in various countries. Since last year, it has experienced litigation with the Commodity Futures Trading Commission (CFTC) and the U.S. Treasury Department, including the Philippines, India concerns with regulatory authorities in countries such as Nigeria.

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