A senior official of the Central Bank of Nigeria (CBN), Akinwumi, accused Binance of operating without a license in the country during a recent court hearing in Abuja. In response to questioning by the prosecution led by EFCC adviser Ekele Iheanacho, Akinwumi stated: "CBN has not issued any license to Binance." In addition, Binance executive Tigran Gambaryan faces money laundering charges. He was arrested by Nigerian authorities in February 2024 and later released due to deteriorating health. At a previous hearing, he fell ill in court and was diagnosed with malaria. This prompted US politicians to lobby President Biden to release Gambaryan.
