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Binance Executive, Gambaryan Accuses Nigerian Government of Maltreatment

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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.

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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.

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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

Skype Finally Shuts Down After 22 Years of Connecting People Online

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Skype, once a go-to platform for video and voice calls, is officially shutting down today, May 5, marking the end of its 22-year journey connecting people around the globe. The app was one of the first to revolutionize online communication, offering free calls over the internet long before it became common.

During its prime in the mid-2010s, Skype boasted over 300 million active users each month. Microsoft bought Skype in 2011 for a massive $8.5 billion, planning to make it a key part of its communication tools. However, as newer apps like WhatsApp, Zoom, and even Microsoft’s own Teams grew in popularity, Skype slowly lost its place.

In February, Microsoft announced it would officially shut down Skype on May 5 to focus more on Teams, which now handles most of its communication services. This move affects both free and paid users, although Skype for Business will stick around for a little longer.


 

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United Bank Of Africa, UBA, Delivers 23% Total Dividend for 2024, CEO Promises More to Come

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United Bank of Africa, UBA, pays 171 Billion in total to its shareholders for the 79 percent increase for 2024.

This information was revealed during the 63rd Annual General held on the 25th of April, 2025. The UBA shareholders approved of the 3 naira dividend share, which will com bine with 2 naira interim dividend and will represent a 23 percent total dividend for 2024 in total.

It can be noted that UBA now has the highest Nigerian stocks and the CEO, Oliver Alawuba has assured the shareholders of the dividends that will be paid.”What we can assure our shareholders today is that UBA will continue to pay more dividends.”


 

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Nigerians Cry Out as CBEX Investment Platform Collapses, EFCC Steps In To Investigate

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It has been reported that  Economic and Financial Crimes Commission (EFCC), prepares to look into the recent crash of the popular investment platform, CBEX.

It can be recalled that investment platform, CBEX, recently crashed and caused worry for many users. The public to social media to lament about the crash of the platform and cries out due to their losses.

Popular Nigerian blogger, Innocent Tino shares that he will partner with EFCC for a joint investigation of the downfall of CBEX. It was also shared that a total of #1.3 trillion funds have been lost due to the crash.


 

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