Connect with us

News

Court Summons CBN Governor, Cardoso, Over Detained Binance Executive

Published

on

By Mario Deepromoter

A Federal High Court in Abuja has issued a summons for the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso and the Head of the Legal Services Department of the apex bank to appear before the court on Monday, September 2.

The court has requested specific documents as part of the ongoing money laundering trial against Binance Holdings Limited and its executives.

This development comes after the court, presided over by Justice Emeka Nwite, had initially scheduled the continuation of the trial for October 11.

Advertisement

However, the defence counsel successfully requested an earlier date, leading to the rescheduling of the trial to September 2.

The charges against Binance executives, including Tigan Gambaryan, Head of Financial Crime Compliance at Binance USA, and Nadeem Anjarwalla, the exchange’s British-Kenyan regional manager for Africa, involve allegations of money laundering amounting to $35 million.

The case was brought by the Economic and Financial Crimes Commission (EFCC).

Gambaryan and Anjarwalla were initially held in the custody of the Office of the National Security Adviser (ONSA).

Advertisement

Anjarwalla, however, managed to escape from custody on March 22, 2024, while Gambaryan was transferred from ONSA custody to EFCC custody, and later to Kuje Correctional Facility, where he remains detained.

In the document titled Subpoena Duces Tecum, with charge number: FHC/ABCR/138/2024, between the Federal Republic of Nigeria versus Binance Holdings Limited and Tigran Gambaryan, the court asked the apex bank’s heads to appear before it or delegate someone to do so.

It read, “The Governor, Central Bank of Nigeria Plot 33, Abubakar Tafawa Balewa Way, Central Business District, Abuja – FCT.

You or any other officer you may delegate are commanded in the name of the President of the Federal Republic of Nigeria to attend before the Federal High Court, Abuja Judicial Division, presided over by the Honourable Justice E. Nwite, on the 2nd day of September 2024 at 9 o’clock in the forenoon, and from day to day until the above cause is tried, to bring with you and produce at the time and place mentioned the following documents.

Advertisement

“Certified True Copy of the excel spreadsheet captioned ‘Export Exchange Rate Results’ published on the Central Bank of Nigeria’s website for the period from 1 June 2024 to 16 August 2024.”

In a separate document but with similar wording, the court summons, “The Head, Legal Services Department, Central Bank of Nigeria, Plot 33, Abubakar Tafawa Balewa Way, Central Business District, Abuja – FCT.

“You or any other officer you may delegate are commanded in the name of the President of the Federal Republic of Nigeria to attend before the Federal High Court, Abuja Judicial Division, presided over by the Honourable Justice E. Nwite, on the 2nd day of September 2024 at the hour of 9 o’clock in the forenoon, and from day to day until the above cause is tried, to bring with you and produce at the time and place mentioned the following documents,” part of the subpoena read.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Presidency slams El-Rufai over plot to woo Buhari

Published

on

By

The Presidency and the ruling All Progressives Congress have dismissed the prospect of any opposition coalition unseating President Bola Tinubu in 2027, describing recent moves by former Vice President Atiku Abubakar and ex-Kaduna State Governor, Nasir El-Rufai, as futile and politically opportunistic.

Their reactions followed the high-profile visit by Atiku and El-Rufai—accompanied by former governors Aminu Tambuwal (Sokoto), Gabriel Suswam (Benue), Jibrilla Bindow (Adamawa), and Achike Udenwa (Imo)—to former President Muhammadu Buhari at his Kaduna residence last week.

Although Atiku maintained the visit was merely a post-Sallah courtesy call, political observers and members of the ruling party believe it was part of broader opposition coalition talks aimed at weakening Tinubu’s political base.

“There is a plan for the major political parties to come together and form a strong opposition. But it is not part of our visit,” Atiku told reporters.

Advertisement

In recent weeks, concerns have risen within the APC over speculated coalition efforts and the potential exit of the Congress for Progressive Change bloc from the party, following defections to the Social Democratic Party.

But the APC’s National Secretary, Senator Ajibola Bashiru, waved off the speculations in a phone interview with The PUNCH, questioning the credibility of the so-called CPC defection narrative.

“It is not true. Which CPC bloc did you people say is leaving? Was El-Rufai or Atiku a CPC member? Is our Vice National Chairman (North-West), Garba Datti Mohammed, and even former Governor Al-Makura not in the CPC? Have you heard any of them saying he is leaving?” Bashiru queried. “I don’t know why the media keeps giving these sorts of people unnecessary attention.”

Also reacting, President Tinubu’s Special Adviser on Policy Communication, Daniel Bwala, criticised the coalition talks, dismissing them as a desperate power grab by political misfits with no shared ideology.

Advertisement

“This coalition is an association to grab power,” Bwala said. “That’s why you will hear Peter Obi say they are only there to grab power. Tomorrow, he will say he is considering joining. As for my senior brother, El-Rufai, I like what he is doing. He is using them to play ping pong.”

Bwala added that internal resistance within the Peoples Democratic Party had already disrupted El-Rufai’s attempts to lure the opposition into the SDP.

“When El-Rufai came, he thought he would move all of them to SDP. But His Excellency (Sule Lamido) screamed, ‘Hold it there!’ He reminded them that it was the PDP that made El-Rufai minister twice and gave him political relevance. Now, he wants to drag them out? We’re not going anywhere,” Bwala recounted.

The Presidency insists that despite the rising political noise, President Tinubu remained focused on governance and would not be distracted by alliances it described as unstable and self-serving.

Advertisement

Credit: PUNCH

Continue Reading

News

Court dismisses suit seeking Oyo monarch’s removal

Published

on

By

An Oyo State High Court sitting in Ibadan has dismissed a suit contesting the nomination and installation of the Olugbon of Orile Igbon, Oba Francis Alao.

In his ruling on Monday, Justice K.A. Adedokun nullified the case for lack of jurisdiction.

Four members of the Akingbola family who instituted the suit contested the selection, appointment, and approval of Oba Alao as the Olugbon.

Justice Adedokun held that the court lacked the jurisdiction to entertain the matter, saying that the claimants had no locus standi to file the suit.

Advertisement

He ruled that the case was defective as it failed to include Surulere Local Government, the authority legally empowered to initiate the selection process and approve the traditional ruler’s appointment.

Oba Alao, whose installation as Olugbon was ratified by the Oyo State government and traditional institutions, is the current vice chairman of the Oyo State Council of Obas and Chiefs.

Continue Reading

News

EFCC arraigns Chinese for giving false information in Lagos

Published

on

By

Unidentified EFCC Operative Takes Own life

The Economic and Financial Crimes Commission (EFCC) has arraigned a Chinese, Liu Beixiang, over alleged false information to an officer of the agency.

Liu was arraigned yesterday before Justice Ayokule Faji of the Federal High Court sitting in Ikoyi, Lagos.

The charge reads: “That you, Liu Beixiang (a.k.a Lao Liu), sometime in December 2024 in Lagos, within the jurisdiction of this honourable court, did give information, which you knew to be false, to an officer of the Federal Government of Nigeria in the discharge of his duties and thereby committed an offence contrary to Section 16 (1) of the Economic and Financial Crimes Commission (Establishment) Act, 2004.”

The defendant, however, pleaded not guilty to the offence when the charge was read to him. In view of his plea, the prosecution counsel, Babatunde Sonoiki, asked the court for a trial date and also prayed that the defendant be remanded in a correctional facility.

Advertisement

But in his response, the defence counsel, F.A. Dalmeda, informed the court of an application submitted to the EFCC seeking a plea bargain.

“We filed an application for a plea bargain, and we also filed a motion for bail, which the EFCC responded to this morning.

“We need a date for us to report on the plea bargain.

Consequently, Justice Faji adjourned the matter till June 23, 2025, for a report on the plea bargain and remanded the defendant in a correctional centre.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News