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Two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, will remain in Nigerian custody at least until a hearing on March 20.
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The men were arrested on Feb. 26 after flying to Abuja to meet with the Nigerian government at the government’s invitation.
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The country is experiencing a foreign exchange crisis and has accused Binance of contributing to the crash of its currency, the naira.
Two senior Binance executives will remain detained in Nigeria at least through a March 20 hearing, according to a Wednesday report from the Wall Street Journal.
The two men – American citizen Tigran Gambaryan, Binance’s head of financial crime compliance, and dual U.K.-Kenyan national Nadeem Anjarwalla, the exchange’s regional manager for Africa – were arrested on Feb. 26 after flying to Nigeria’s capital city of Abuja to meet with the Nigerian government at the government’s request.
Though neither Gambaryan, a former Internal Revenue Service (IRS) special agent, nor Anjarwalla have been charged with any crimes, the Nigerian government has accused Binance, their employer, of crashing its currency, the naira.