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Binance: EFCC continues criminal charge against Gambaryan
The Economic and Financial Crimes Commission (EFCC) yesterday continued with its alleged money laundering charge preferred against Tigran Gambaryan, an executive of Binance Holdings Ltd at a Federal High Court, Abuja
The criminal charge continued before Justice Emeka Nwite inspite of the withdrawal of a charge by the Federal Inland Revenue Service (FIRS) against Gambaryan in the alleged tax evasion case filed against him and the cryptocurrency exchange platform.
The EFCC filed a five-count charge against Binance and Gambaryan while the FIRS filed a four-count charge against the duo.
Binance and Gambaryan were accused by the anti-graft agency of money laundering involving $35.4 million.
Besides, the company was under suspicion of alleged terrorism financing.
Last Friday, Justice Nwite discharged the detained Gambaryan and his fleeing colleague, Anjarwalla, from the alleged tax evasion charge.
The judge made the decision in a short ruling following a fresh amended charge filed by the FIRS in view of a notice from Binance about its appointment of a Nigerian representative, Mr. Ayodele Omotilewa, to oversee its affairs in the country.
However, expectations were high prior to yesterday’s proceedings that the anti-graft agency would follow suit.
But at the resumed hearing, the EFCC’s lawyer, informed the court that the matter was slated for the defence to cross-examined the agency’s first prosecution witness (PW1), Mr. Abdulkadir Abbas, a Director with the Security and Exchange Commission (SEC).
While being cross-examined by counsel for the 1st defendant (Binance), Mr. Babatunde Fagbohunlu, SAN, Abbas testified against Binance and Gambaryan.
The witness, who is Director of Registration, Exchanges and Market Infrastructure Department at SEC, stated that a private company that wants to raise capital from the public in Nigeria, must become a Public Limited Company (Plc) before it can engage in IPO (Initial Public Offer).
He, however, said that Binance did not even register with his office in the first place, adding that the SEC’s regulations mandate it to oversight on all Bitcoin trading platforms under the Nigeria law.
Justice Nwite adjourned the matter until June 21 for continuation of cross-examination.
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Just in: Gov Soludo reveals those behind kidnapping in SE, says it’s now a lucrative biz
… better than oil and drug peddling
Governor Charles Soludo of Anambra State on Saturday disclosed that arrested Finland-based self-acclaimed Biafra agitator, Simon Ekpa “has continued kidnapping for ransom.
Soludo said kidnapping is currently a business that is more lucrative than drugs and oil.
The governor who spoke in Awka, the state capital, said before he became governor, eight local government areas in the state were being controlled by gunmen.
Soludo also recalled how his father was kidnapped in 2009.
He said: “Kidnapping is not new, my father had been kidnapped as far back as 2009. GU Okeke, Pokobros and many others have fallen victim too.
“Before I assumed office, about eight local government areas were being controlled by gunmen.
“They killed policemen and collected guns, attacked and burnt down police stations and went into the bush to label themselves liberators.
We came in and went to work and cleared them and we recovered the eight local government areas that were under siege. These gangs claim to be Biafra freedom fighters. IPOB has dissociated themselves from it, but one Simon Ekpa has continued kidnapping for ransom.
“Kidnapping for ransom is now the most lucrative enterprise, even more lucrative than drugs and oil. For every one naira reported as payment for ransom, five to six naira was not reported.
“With a culture that celebrates wealth without craft, even the kidnappers amongst us are now celebrated. Idolatry which these criminals have converted to have become the fastest growing religion in the South-East. Nothing is sacred to them anymore.”
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Just in: Obi angry over exorbitant charges by POS operators despite hardship
Ex-governor of Anambra State and presidential candidate of the Labour Party, LP, in the 2023 general election, Mr Peter Obi has protested the level of hardship faced by the poor in Nigeria.
The former governor spoke during a visit to the Archbishop Province on the Niger and Bishop of Awka Diocese of Church of Nigeria Anglican Communion, His Grace Alexander Ibezim.
He said: “The hardship in Nigeria is too much, how can the ordinary people survive. The woman who sells pepper by the road side has to pay huge charges to get her own money. How much is her profit margin and how much will remain after paying charges?
“No country is run like that. Don’t bother to interview me on that, I will write officially to the President on this and state all these things.
“These (POS Charges) is too much, no country is run like this,” Obi told journalists who approached him to speak on the matter.
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Oborevwori expresses sadness over Edna Ibru’s passage
Delta State Governor, Hon. Sheriff Oborevwori, has commiserated with the Ibru family of Agbarha-Otor in Ughelli North Local Government Area of the State on the death of their wife and mother, Mrs. Edna Ibru.
Mrs Ibru, who reportedly died after a brief illness, was the wife of late Olorogun Senator Felix Ovuodoroye Ibru, first Executive Governor of Delta State.
A former Miss Nigeria, Mrs Ibru in 1964, died in London after a brief illness on Wednesday.
In a statement by the Chief Press Secretary to the Governor, Sir Festus Ahon, the governor described the demise of Mrs Ibru as sad and painful, adding that she was a loving wife and mother who supported her husband and family in all his noble endeavours.
He said, “On behalf of the government and people of Delta, I mourn the passing of a great woman of substance, a caring mother and loving wife, Mrs Edna Ibru.
“The news of her death came to me as a shock, especially now that the family members needed her motherly and wise counsel.
“She was a woman of faith who devoted her time in supporting her husband’s political career which culminated in his election as the first Executive Governor of Delta State.”
Oborevwori prayed to God to accept the soul of the deceased and grant fortitude to the family and friends she left to bear the loss.
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