nigeria

Nigeria Drops Charges Against Tigran Gambaryan, Jailed Binance Exec and Former IRS Agent

Nigeria Drops Charges Against Tigran Gambaryan, Jailed Binance Exec and Former IRS Agent

For eight months, the criminal investigator who pioneered cryptocurrency tracing as a law enforcement technique has, in a bizarre twist of fate, been detained and then jailed in Nigeria facing charges of money laundering and tax evasion. Now, he may finally be coming home.On Wednesday in Abuja, a court ruled that criminal charges against Gambaryan, a Binance executive who previously served as an IRS criminal investigator for a decade, will be dropped on medical grounds as pressure from the US government has grown to secure Gambaryan's release.Gambaryan was detained in February and later jailed after being invited to the country…
Read More
South Africa’s MTN Has First Loss in Eight Years on Naira Slump

South Africa’s MTN Has First Loss in Eight Years on Naira Slump

MTN Group Ltd., Africa’s biggest wireless carrier by revenue, posted its first loss since 2016 after the devaluation of the Nigerian naira crimped income from one of its key markets.The group reported a loss of 7.39 billion rand ($414.7 million) in the six months through June, compared with 4.14 billion rand profit a year earlier. The loss is MTN’s first since it had to pay a more than $1 billion fine imposed on the company by the Nigerian government. Source link lol
Read More
Pressure Grows in Congress to Treat Crypto Investigator Tigran Gambaryan, Jailed in Nigeria, as a Hostage

Pressure Grows in Congress to Treat Crypto Investigator Tigran Gambaryan, Jailed in Nigeria, as a Hostage

When Tigran Gambaryan was first invited in February to meet with the Nigerian government in order to settle a dispute with his employer, the cryptocurrency exchange Binance, Nigerian officials detained him against his will, stripped him of his passport, and told him he was a “guest” of the state. He's since been charged with financial crimes and jailed for months as a criminal suspect.Pressure is now mounting within the US Congress for the Biden administration to treat him as what his supporters argue he has been all along: a hostage, held illegally by an unaccountable foreign country.On Wednesday, US congressman…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.