News

Binance Reacts As FG Drops Tax Charges Against Executives

Published

11 months ago

June 14, 2024

Crypto exchange platform, Binance has reacted after its officials executives, Tigran Gambaryan, and Nadeem Anjarwalla were discharged of tax evasion charges filed by the Federal Inland Revenue Service.

They were cleared on Friday by the Federal High Court in Abuja.

The court’s decision came on Friday after the FIRS submitted amended charges that effectively dropped the tax evasion allegations against Gambaryan and Anjarwalla, who absconded to Kenya

This change followed Binance’s notification of appointing a Nigerian representative, Ayodele Omotilewa, to handle its local operations. The original charges, filed on March 22, 2024, accused Binance and Gambaryan of tax evasion.

In a shared note with The PUNCH, the platform said it was relieved that tax charges against Gambaryan and Anjarwalla have been dropped because they are decision-makers at the company.

The platform said, “We are relieved that the Federal Inland Revenue Service (FIRS) has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped.

“This further illustrates that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government. We await the court’s ruling on this, discharging Tigran from this matter completely.”

The crypto platform also called on the Economic and Financial Crimes Commission to take similar steps, allowing Gambaryan to return home to his family.

It emphasized Gambaryan’s deteriorating health due to 110 days of detention, during which he was diagnosed with malaria and pneumonia.

We commend the FIRS for their diligence and professionalism throughout this process. This situation unequivocally demonstrates Binance’s commitment to resolving this issue with the government transparently and cooperatively.

“In order for Tigran to be allowed to go home to his family, we are hopeful that the Economic and Financial Crimes Commission (EFCC) will take similar steps.

“Tigran has been detained for 110 days, and his physical health is deteriorating, including a recent malaria and pneumonia diagnosis. Binance is committed to continuing to work with the Nigerian government to resolve this,” Binance added.

The next hearing in the case is scheduled for June 19, 2024. where the application for an order for the enforcement of fundamental rights will be heard.

On June 20, the EFCC trial is due to continue, while Tigran will remain detained at Kuje prison.

Since Tigran collapsed in court on May 23rd with Malaria, his health conditions have worsened and Tigran now has pneumonia.

Despite a court order by Justice Emeka Nwite to take Tigran to the hospital immediately, it took the prison authorities 11 days to take him for a brief check-up.

The PUNCH reported last week that 16 US Members of Congress, including the chair of the Foreign Affairs Committee, Michael McCaul wrote to President Biden highlighting that he is a “U.S. Citizen wrongfully detained by a foreign government,” and urging him to do more to secure his release.

Recall the the Federal Government had accused the cryptocurrency exchange of manipulating foreign exchange (FX) rates, which led to increased scrutiny of crypto trading platforms.

Separately, the EFCC is prosecuting Binance and its executives on charges of alleged money laundering and foreign exchange violations.

On February 28, 2024, Nigerian authorities detained two senior Binance executives when they arrived in Nigeria for a meeting following the Federal Government’s ban on cryptocurrency channels, part of a broader campaign against currency speculation

Punch

News

A Chat with Janet Odio Okolo: A Mother’s Journey Raising a Child with Down Syndrome

Published

19 minutes ago

April 30, 2025

Gloria Ikibah

Down syndrome: It’s a congenital condition characterized by a distinctive pattern of physical characteristics including a flattened skull, pronounced folds of skin in the inner corners of the eyes, large tongue, and short stature, and by some degree of limitation of intellectual ability and social and practical skills. It usually arises from a defect involving chromosome. Above definition succinctly describes what Janet Odio Okolo had to go through to sustain her daughter. In this chat she narrated her experience to naijablitznews Associate Editor, Gloria Ikibah, excerpts.

Tell us a bit about yourself and what you do?

My name is Janet Odio Okolo. I often introduce myself as a proud mother of a 13-year-old girl, Isioma, who lives with Down syndrome. I call her my “star girl.”

Professionally, I’m into catering and equipment rentals. I provide catering equipment like plates, cutlery, chafing dishes, and more to other caterers. Alongside that, I run a few side businesses to support my family.

What has been the most rewarding part of raising a child with Down syndrome? And how has it impacted your life and perspective?

Raising Isioma has helped me discover parts of myself I didn’t know existed—patience, empathy, selflessness.

She has taught me to see people beyond the surface, to understand others deeply and kindly. These qualities have added great value to my life and relationships. It’s been a journey of self-discovery, and I am better for it.

There are often different perceptions about Down syndrome. What’s yours?

I had prior knowledge about Down syndrome before Isioma was born, so it wasn’t a total shock. People have different opinions—some based on facts, others rooted in myths.

But for me, Isioma is God’s creation. I didn’t create her, but she came into my life with purpose. I embraced her fully, and that acceptance has made the journey smoother.

Can you share a particular challenge you’ve faced raising Isioma and how you overcame it?

There are challenges, no doubt, but I’ve chosen to see them as opportunities for growth. One that stands out is watching her peers, cousins, friends progress faster. At 2 or 3 years old, they were on the same level, but over time, many of them moved ahead academically and developmentally.

It used to bother me. Some of them are now in secondary school or boarding houses, while Isioma is still in primary school. But I remind myself that every child moves at their own pace. With the right support, Isioma will get there, and she’s already doing very well.

How do you think society can better support and include individuals with Down syndrome?

Support must go beyond the family, it must come from the entire society. These children live in communities, go to school, attend church, and access healthcare.

In schools, there should be inclusive programs tailored to their pace. Let them participate in games, cultural days, and other activities. Don’t exclude them because they “can’t dance” or “can’t sing.” Involve them.

In the neighbourhood, encourage inclusion during play. For instance, a friend told me her son who also has Down syndrome is often excluded from football because he scores own goals. But I say: be patient, teach him the rules, guide him. That’s what inclusion looks like.

In churches, let’s involve them in prayers, praise, and worship. Make them feel seen and valued.

Hospitals should be more patient and friendly with these children. That environment should make them feel safe and open.

And for family members and friends support can be as simple as offering to look after the child for a weekend so the parent can rest. That kind of emotional and practical support goes a long way.

What are your hopes and dreams for Isioma? What steps are you taking to help her achieve them?

Oh, I have big dreams for her! And she has dreams too. For example, Isioma loves the runway, she loves to strut like a model.

So, I’m investing in that. I got her a coach to help her build on this interest. My goal is for her to be independent one day, to earn a living through something she enjoys.

Parents need to pay attention, observe what their children love, then build on it. Some want to bake, sing, sew, or dance. Equip them with skills. That’s what I’m doing with Isioma. Even if I’m not around tomorrow, I want her to be confident and self-sufficient.

What advice would you give to parents who’ve just received a Down syndrome diagnosis for their child?

The first step is acceptance. Don’t live in denial. Don’t say, “God forbid” or “I reject it.” That only delays the journey to support.

I remember when Isioma was about six months old, I took her to a popular hospital. The pediatrician just looked at her and bluntly said, “This child has Down syndrome.” She didn’t offer any emotional support, she just dismissed me. That experience hurts.

But instead of giving up, I started researching. I saw a lot online that was scary and discouraging, so I decided to create my own path for her.

To new parents: it’s not a death sentence. With love, care, and professional support, your child can thrive. Don’t fall for superstitions, stigmatization, or spiritual manipulation. Focus on solutions. Be your child’s biggest cheerleader, and others will follow your lead.

How supportive are your other children?

They’re very supportive, although due to age differences and school schedules, they weren’t always around. But whenever they’re home, they show her so much love. They treat her like their little queen. The bond is strong, even in limited time.

What are your expectations from the government and society at large?

There are government policies for people with special needs, but the problem is implementation. These policies often remain on paper.

We need action. Especially in healthcare, many of these children have underlying conditions that require consistent medical attention. Parents, especially indigent ones, can’t always afford this.

Recently, I saw a young girl with Down syndrome at a fish market, begging. She looked unkempt. I was with Isioma, and people noticed the connection. I tried to reach out to the girl’s mother to offer help even if not financial, at least advice and direction.

Children like that are vulnerable to abuse, exploitation, and neglect. We need the government to provide safe spaces, education, healthcare, and skills training, especially for families who can’t afford it.

Finally, any last words to society about children with Down syndrome?

They are not a mistake. They are not a burden. They are people with potential just like every other child.

Let’s remove the stigma. Let’s embrace inclusion. Let’s create a world where they are seen, heard, and loved for who they are.

News

Hon. Nnamchi Begins Street Lights Deployment In Isi Uzo(Photos)

Published

54 minutes ago

April 30, 2025

ADMIN

Honourable Paul Sunday Nnamchi, representing Enugu East/Isi Uzo Federal Constituency in the 10th House of Representatives, has fulfilled his promise to illuminate communities in Isi Uzo Local Government Area.

The lawmaker has just begun the deployment of high-density solar-powered street lights in Ikem Nkwo, marking the beginning of a massive rollout of the street lamps across the communities in Isi Uzo.

This initiative, which started in Enugu East Local Government Area in 2024, aims to support the fight against insecurity in the state which according to him was to add to what Chief Security Officer of Enugu State Barrister Peter Mba had done to secure the state to attracts foreign investments.

The lawmaker expressed concern over banditry attacks, particularly by herdsmen, in some communities within Isi Uzo and Enugu East Local Government Areas in the recent pasts.

He believes that illuminating these areas with high-density street lights would help address the insecurity adding that he was prioritizing border and farming communities in Isi Uzo, where banditry has displaced residents and restricted farming activities.

Communities in Ikem, Eha-Amufu in Isi Uzo which borders Enugu and Benue State and Ugwogo-Nike in Enugu East have been vulnerable to these attacks due to their strategic locations.

News

May Day: Kalu Hails Workers, Applauds Their Role in Nation Building

Published

1 hour ago

April 30, 2025

Gloria Ikibah

By Gloria Ikibah

Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu, has extended warm wishes to Nigerian workers as the country marks the 2025 edition of International Workers’ Day.

Kalu praised workers across various sectors for their commitment and resilience, describing them as the engine that keeps the nation moving. He acknowledged their sacrifices and unrelenting drive, especially during tough economic times.

In his message, he highlighted the efforts of the current administration under President Bola Tinubu to improve the welfare of public servants. He referenced the National Assembly’s prompt backing of the new minimum wage as a sign of the government’s seriousness about workers’ wellbeing.

The Deputy Speaker appealed for continued patience and understanding from Nigerians, noting that the ongoing economic reforms, while challenging, are designed to bring long-term relief and prosperity.

Kalu also called for unity, and said the country can only overcome its present difficulties if citizens and leaders work together in good faith.

He therefore urged workers to keep the faith and remain steadfast in their duties, assuring them that brighter days are on the horizon, and wished Nigerian workers a peaceful and fulfilling May Day celebration.