Two Binance executives may remain detained in Nigeria until at least March 20 hearing

Two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, will remain detained in Nigeria until at least a hearing on March 20, the Wall Street Journal reported. The two were arrested on February 26 after flying to Abuja to meet with the Nigerian government at its invitation. A spokesperson for Binance previously told CoinDesk that the exchange was "working with the Nigerian authorities and hopes to safely bring Nadeem and Tigran home to their families." Binance posted on the X platform on Wednesday that it was still working to bring "colleagues Let’s take them home.” In addition, according to an official Binance blog post, Binance has cooperated with Nigerian law enforcement agencies to promote responsible growth. Binance’s policy is to cooperate with and comply with all legal requests from government, local regulatory and law enforcement agencies regarding investigations, prosecutions and seizure actions. Information requests and legal inquiries. Between June 2020 and February 2024, the Binance Financial Crimes Compliance (FCC) team responded to 626 requests for information from Nigerian law enforcement agencies or investigations related to Nigeria, taking an average of 37.4 hours from submission to resolution. The information provided by Binance helps numerous agencies including the Nigeria Police Force, Economic and Financial Crimes Commission (EFCC), and Interpol Nigeria fight crimes ranging from scams and fraud to money laundering, extortion, kidnapping, and extortion. In a high-profile operation in January 2022, Binance restricted 281 accounts of Nigerian residents due to money laundering concerns and worked extensively with Nigerian authorities to protect users from illegal activity. (CoinDesk)