Binance Nigeria Money Laundering Trial Delayed to May 17, Gambaryan Family Spokesperson

As a crypto investor with experience in the Nigerian market, I’m closely following the latest developments in the Binance Nigeria money laundering and tax evasion trial. The delay of the proceedings to May 17 is concerning, especially for Tigran Gambaryan who remains in detention at Kuje prison.

The trial over money laundering charges against Tigran Gambaryan, an executive at Binance Nigeria, has been postponed until May 17, according to his family’s representative.

The trial, originally scheduled for today, has been postponed due to Binance’s lawyer’s request for additional evidence. Reuters disclosed that during the court proceedings, he expressed his concern for not receiving sufficient proof to build his case. Following this revelation, he was provided with the necessary documents in court. The judge granted him an extended period to review the 300-page-long evidence before the trial continues.

U.S. citizen and Binance’s head of financial compliance, Gambaryan, along with British-Kenyan regional manager for Africa, Nadeem Anjarwalla, were taken into custody in Nigeria in February. Approximately a month later, both executives, as well as the company, faced accusations from Nigerian authorities regarding alleged violations of anti-money laundering laws and tax evasion.

Anjarwalla has managed to elude Nigerian authorities since then, leaving them in pursuit of him. On the other hand, Gambaryan is currently detained at Kuje Prison, preparing for his bail hearing scheduled for May 17. This hearing coincides with the commencement of his tax evasion trial, which was postponed from April due to the formal delivery of charges against him and the exchange involved having not yet received the official accusations.