Business
Binance Executive, Gambaryan Accuses Nigerian Government of Maltreatment
Tigran Gambaryan, a senior executive at Binance facing money laundering charges, has raised serious allegations of mistreatment by the Nigerian government.
In a video that went viral on Monday, shared by SYMFONI, Gambaryan, who was seen using crutches, claimed that staff of the Nigeria Correctional Service had deliberately neglected him on direct orders from government officials.
“This is messed up. He was told not to assist me. This is a government directive. It’s all for show – I am an innocent man,” Gambaryan lamented in the footage.
The accusations surface after the embattled executive was arraigned before the Federal High Court in Abuja on Tuesday. Gambaryan has been at the centre of a legal dispute, with his case receiving widespread attention.
On August 28, 2024, his legal representative, Senior Advocate of Nigeria (SAN) Mark Mordi, applied for bail on his behalf.
However, counsel for the Economic and Financial Crimes Commission (EFCC), Ekene Iheanacho, opposed the bail application.
Iheanacho argued that Gambaryan’s health condition, which he claims as a reason for bail, is not a new development.
“My Lord, I don’t wish to delve too deeply into this issue. The defendant has been living with this spinal (disk) condition for the past 12 years, long before his arrival in Nigeria. It’s not a recent ailment,” Iheanacho stated during the hearing.
Gambaryan’s wife, Yuki, also spoke out against the treatment her husband is receiving, calling the situation “entirely unjust.” In a previous statement, she revealed that Gambaryan was detained unlawfully after being invited to Nigeria under false pretences for a meeting.
The legal battle dates back to earlier this year when, in April, Justice Emeka Nwite of the Federal High Court, Abuja, ruled that Gambaryan should remain in custody at Kuje prison while awaiting the outcome of his bail application.
This situation has escalated since February, when Gambaryan and a fellow Binance executive, Nadeem Anjarwalla, were arrested by Nigerian authorities. Anjarwalla, who is currently at large, along with Gambaryan, faces charges related to money laundering and terrorism financing.
The case has attracted significant attention both within Nigeria and internationally, raising concerns about legal procedures and treatment of foreign nationals in Nigerian custody.
Business
Bitcoin and Dollar Rise Again With Donald Trump’s Win In Election
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
Business
USD Weakens Amid The Upcoming US Presidential Election
The Upcoming United State Presidential has caused USD to be weak due to the investors being cautious of the outcome. Meanwhile other countries are gaining strength in their currency and benefitting from this weakness. Euro and GBP keeps rising and gaining against USD.
Gold prices still remain stables despite the recent deadline and the Australian inflation keeps rising. Markets are now watching the political movement to serve as guidance.
Business
Dr. Aguoru States The Use Of Card Pins Online Has A High Security Risk
Security Expert, Dr. Kingsley Aguoru has advised the Central Bank of Nigerian (CBN) and Economic and Financial Crimes Commission (EFCC) to stop the use of online transactions through Card Pins as it results to a security risk.
He emphasized the risks we can be exposed to, phishing and cyber threats, he states that the use of one-time passwords can serve as an aid in this to better the security.
The expert shares that pins are only safe when in use for ATM and Pos but not online, due to cyber risks. He expressed that information can be leaked from the continuous use of sharing pins online.
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