According to DLNews, the Nigerian government has accused Binance of money laundering in the amount of $35.4 million, marking the latest conflict between the country with the largest population in Africa and Binance. In addition to the criminal lawsuit, the Nigerian government is also seeking to extend the detention period for Binance executives. The hearing for this case will continue on April 4th.
According to court documents, the case filed by the Economic and Financial Crimes Commission (EFCC) of Nigeria includes five charges against Binance and its two executives, Tigran Gambaryan and Nadeem Anjarwalla. The two have been detained in Nigeria since the end of February, although Binance’s Africa Regional Manager, Anjarwalla, escaped detention under mysterious circumstances last week. Gambaryan, a US citizen and Binance’s Head of Financial Crime Compliance, is still in custody.
The Nigerian government has obtained a court order forcing Binance to hand over detailed information about Nigerian users, estimated to be over 13 million.
Binance has delisted the country’s currency from its platform and blocked Nigerian users from accessing its website.