Detained Binance executive drags EFCC, NSA to court

The detained Binance executive, Tigran Gambaryan, has accused the National Security Adviser, Nuhu Ribadu, and the Economic Financial Crimes Commission of violating his fundamental human rights.

Gambaryan, in an originating motion marked: FHC/ABJ/CS/356/24 sought a declaration that his detention and seizure of his international travel passport, contravened Section 35 (1) and (4) of 1999 Constitution.

He urged the court to order the NSA and the EFCC to release him from their custody and return his international travel passport with immediate effect.

Gambaryan also sought an order of perpetual injunction restraining the respondents and their agents from further detaining him in relation to any investigation into or demands from Binance.

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tokens such as Dogecoin, Shiba Inu, Pepe, and Floki have added over 103%, 266%, 814%, and 780% to their valuation over the past 30 days, highlighting an ongoing massive price action in the industry, hopefully things remain this way
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CBN says $26bn passed through Binance from unknown sources

Mr Cardoso expressed worry over the significant volume of transactions passing through Binance Nigeria, emphasizing that the origins and beneficiaries of these funds are yet to be adequately identified

The Tuesday raised concerns over the sum of $26 billion that flowed through Binance Nigeria over the past year from “unidentified sources”.

The Nigerian government recently blocked the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds.

Addressing journalists during a question and answer session at the end of the Monetary Policy Committee meeting, CBN Governor, Olayemi Cardoso, expressed worry over the significant volume of transactions passing through Binance Nigeria, emphasizing that the origins and beneficiaries of these funds are yet to be adequately identified.

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Coinbase Denies Reports of Nigerian Crypto Ban

Cryptocurrency platform Coinbase is denying reports that it is being blocked in Nigeria.

Last week saw a report by the Financial Times (FT) that the Nigerian government had gotten the country’s telecoms to block platforms including Coinbase, Binance and Kraken.

However, a spokesperson for Coinbase told Coindesk on Thursday (Feb. 22) that it was still in operation in Africa’s largest nation.

“We are continuing to investigate these reports, but based on an initial investigation, it appears that Coinbase.com remains accessible from Nigeria,” the spokesperson told the news outlet.

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📢 ANNOUNCEMENT🤑

This is a Reminder that the OpenEx is Still ongoing.

The OpenEx (OEX) airdrop is currently ongoing, and it is a great opportunity to get your hands on some free OEX tokens. OEX is a new cryptocurrency that is being developed by the OpenEx team, and it has the potential to be a major player in the crypto space.

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Bitcoin to the moon 🌑
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