Tag: Nigeria

Nigeria's Securities and Exchange Commission (SEC) has officially granted operational approvals to several crypto-focused service operators. In a statement published on Thursday, August 29, the securities regulator announced that it has issued "Approvals-in-Principle" to seven firms: Busha Digital Limited, Quidax Technologies Limited, Trovotech Ltd, Wrapped CBDC Ltd, HousingExhange.NG Ltd, Dream ...

Justice Emeka Nwite of the Federal High Court in Abuja has issued a bench warrant for the arrest of Dr. Abraham Ehizojie, a medical doctor at the Kuje Correctional Centre. The warrant comes after Dr Ehizojie failed to comply with court orders to produce a medical report for Tigran Gambaryan, ...

Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the newly appointed board members of the Securities and Exchange Commission (SEC) to address the complexities of cryptocurrency regulation in the country. According to a report from local media, Punch, Edun emphasized the importance of ...

The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) has raised alarm over the ongoing turmoil in the country's blockchain sector, particularly highlighting the protracted legal dispute with Binance. In a statement signed by Chairman Lucky Uwakwe Arisukwu, BICCoN warned that the prolonged conflict threatens to damage Nigeria's nascent blockchain industry. ...

The Federal Government of Nigeria has confirmed it is following due process in the legal case against cryptocurrency platform Binance and one of its executives, Tigran Gambaryan, who are accused of illegal cryptocurrency trading in Nigeria. The Minister of Information and National Orientation, Mohammed Idris, assured that the trial is ...

Nigeria's National Information Technology Development Agency (NITDA) has announced that it would restructure the country's National Blockchain Policy Steering Committee (NBP-SC). According to a report from local media outlet Punch, Kashifu Inuwa, NITDA's Director-General, represented by Oladejo Olawunmi, the Director of IT Infrastructure Solutions, made this announcement at a three-day ...

The Nigerian House of Representatives has move to tackle Binance following the allegations of bribery made by the crypto exchange's CEO, Richard Teng. In a social media post on Tuesday, May 7, Teng accused certain members of the House's Committee on Financial Crimes of soliciting money from Binance representatives during ...

Binance Chief Executive Officer Richard Teng has called on the Nigerian government to release Tigran Gambaryan, the head of the Financial Crime and Compliance unit. Gambaryan was detained after honouring the government's invitation to discuss regulatory supervision. Teng made this appeal in a recent blog post, noting that the Nigerian ...

The Nigerian government's arraignment of Binance and two executives, Nadeem Anjarwalla and Tigran Gambaryan, which was scheduled for today, Thursday, April 4, 2024, did not proceed as planned. According to local news outlet News Diary Online, the nation's tax authority, the Federal Inland Revenue Service (FIRS), did not adequately serve ...

The Nigerian government has announced a national blockchain policy aimed at promoting the development of a blockchain-based economy that enables secure transactions, data sharing, and value exchange among individuals, companies, and the government. This move is expected to benefit the country's public and private sectors and foster innovation, trust, growth, ...