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Binance Executive’s Suit Against EFCC Dismissed
- The Federal High Court dismissed the fundamental rights enforcement suit filed by Binance Holdings Limited’s Africa Regional Manager, Nadeem Anjarwalla.
- The suit was dismissed due to a lack of diligent prosecution.
- Anjarwalla’s colleague, Tigran Gambaryan, also filed a similar suit, which is ongoing.
- The court imposed a fine on Gambaryan of N50,000 for procedural issues, to be paid to the EFCC.
- Both Anjarwalla and Gambaryan are US citizens working for Binance and face charges related to money laundering and tax evasion.
- Anjarwalla absconded from lawful custody on March 22, 2024, and fled to Kenya, while Gambaryan remains in custody.
A Federal High Court in Abuja has dismissed a fundamental rights enforcement suit filed by Nadeem Anjarwalla, Africa Regional Manager of Binance Holdings Limited, against the Economic and Financial Crimes Commission (EFCC) and the National Security Adviser.
Justice Ekwo, in a short ruling, dismissed the suit for lack of diligent prosecution as no lawyer appeared in court to represent the applicant.
Anjarwalla and his colleague, Tigran Gambaryan, had filed separate human rights enforcement suits against the EFCC and NSA, seeking an order to release them from detention. The court, however, granted leave for Gambaryan’s counsel to amend his client’s originating process.
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The court fined Gambaryan N50,000 to be paid to the EFCC for joining issues in the matter, to be paid before the next adjourned date of July 9.
Anjarwalla and Gambaryan, both US citizens working for Binance, were arraigned on a 5-count charge bordering on alleged tax evasion, currency speculation, and money laundering to the tune of $34,400,000. Anjarwalla is currently at large after absconding from lawful custody on March 22, 2024, to Kenya.
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