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Detained employee not part of Binance management, says crypto firm

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Detained employee not part of Binance management, says crypto firm
Tigran Gambaryan
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Binance has said that its employee, Tigran Gambaryan, who is currently held in Nigeria, is not part of the company’s management team.

The crypto exchange giant clarified that Gambaryan, an American, only serves as a law enforcement officer and does not have the power to make decisions.

The company disclosed this in a statement issued on Wednesday.

In February, Gambaryan and his colleague, Nadeem Anjarwalla from Binance Holdings Limited, were arrested in Nigeria on suspicion of involvement in money laundering activities.

Among other charges, the firm and the two employees were charged last Thursday for $35,400,000 money laundering at the Federal High Court, Abuja

While Gambaryan remains in custody, Anjarwalla escaped and fled the country.

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Binance’s statement reads, “Tigran is a strict law enforcement professional and is not part of Binance management. While he has left the official service of the U.S. government, he has remained fully committed to the role of law enforcement officer ever since, operating as a global advocate for good governance and transparent regulatory financial practices.

“Binance respectfully requests that Tigran Gambaryan, who has no decision-making power in the company, is not held responsible while current discussions are ongoing between Binance and Nigerian government officials.”

The exchange explained that Gambaryan was hired in 2021 to help Binance fix past compliance issues.

Binance revealed that as the head of Binance’s Financial Crime Compliance team, Gambaryan has been a strong advocate for the company to develop policies and build compliance capabilities that set new industry standards.

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Tiktoker, Peller, arraigned in court for threatening and videoing police officers on duty; granted 500k bail

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Peller
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Tiktoker, Peller, arraigned in court for threatening and videoing police officers on duty; granted 500k bail

The Lagos state police command today July 6 arraigned popular TikToker, Habeeb Hamzat aka Peller, and one other, Bello Oladipo, before a magistrate court on a three-count charge bordering on resisting police officers, obstructing them from carrying out their duties, and threatening and videoing police officers while performing their lawful duties.

Recall that on July 2, Peller clashed with some officers along the Coastal road in Lagos after he was intercepted for allegedly driving a car without a plate number.

Peller had claimed he had just purchased the vehicle.

The officers, however, dismissed his claim and insisted he must be taken to the station. Things, however, took a different turn after Peller began recording his interaction with the police officers.

He claimed the officers became hostile to him. He alleged that one of the officers dragged his shirt and even pointed a gun at him.

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Monday morning, both Peller and his friend, who was in the vehicle with him, were arraigned before a Lagos Magistrate court.

Count one of the charges reads:

‘’That you Bello Oladipo “m” and Habeeb Hamzat “m” of No. 16,Platinum Road Lekki phase 2 , on the 2” day of July 2026 at about 2000hrs at Coastal Road Lekki, Lagos within the Magisterial district of this Honourable Court, did conspire amongst yourselves to commit felony to wit: Resisting public officers and thereby committed an offense punishable under Section 411 of the Criminal Laws of Lagos state 2015.

COUNT 2

‘’That you Bello Oladipo “m” and Habeeb Hamzat “m “ of Number 16, Platinum Road, Lekki Phase 2, on the 2’” day of July 2026 at about 2000hrs at Coastal Road Lekki, Lagos within the Magisterial district of this Honourable court did obstruct one ASP Agbede Victor and three other police officers while engaged in the discharge of their constituted duties and thereby committed an offence contrary to and punishable by Section 117 (1)(2) of the Criminal Laws of Lagos State 2015.”

Both defendants pleaded not guilty to all three counts.

The court subsequently granted them bail in the sum of N500,000 each with two sureties, one of whom must be a bl++d relative. The court also directed them to present two years’ tax clearance certificates as part of their bail conditions.

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Tinubu orders probe of Meta, Google, X, AI Platforms over use of Nigerian Media Content

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President Bola Tinubu
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President Bola Tinubu has directed the Federal Competition and Consumer Protection Commission (FCCPC) to investigate global technology companies and Generative Artificial Intelligence (AI) platforms over allegations that they are exploiting the content of Nigerian media organisations and engaging in anti-competitive practices.

The directive followed a petition submitted to the Presidency by the Nigerian Press Organisation (NPO), a coalition comprising the Newspaper Proprietors’ Association of Nigeria (NPAN), the Nigeria Union of Journalists (NUJ), the Broadcasting Organisations of Nigeria (BON) and the Guild of Corporate Online Publishers (GOCOP).

According to the FCCPC, the investigation will focus on technology giants including Meta, Alphabet, Google’s parent company, X (formerly Twitter), and other Generative AI platforms operating in Nigeria.

In a statement issued on Monday by its Director of Corporate Affairs, Ondaje Ijagwu, the Commission said the investigation was initiated following concerns that some digital platforms may have violated Nigeria’s competition laws while benefiting commercially from the work of local media organisations.
For years, Nigerian publishers have argued that global technology companies profit from news content produced at significant cost without providing fair financial returns to the organisations responsible for creating it.

The FCCPC said the inquiry would examine allegations of anti-competitive conduct, abuse of market dominance and the unauthorised extraction, scraping and commercial use of copyrighted news articles, broadcast materials and other original journalistic works for the development and training of Generative AI models.

The Commission will also investigate claims that Nigerian publishers have been denied meaningful opportunities to negotiate fair licensing agreements and appropriate compensation for the use of their content.
FCCPC Executive Vice Chairman and Chief Executive Officer, Tunji Bello, said the investigation would be transparent, impartial and guided solely by evidence.

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“We recognise the strategic importance of the media to Nigeria’s democracy and the equally significant role of technology in driving innovation and economic growth. Our responsibility is to objectively determine the facts and ensure that competition within the digital ecosystem remains fair, transparent and consistent with Nigerian law,” Bello said.

He emphasised that the investigation should not be interpreted as a finding of guilt against any company.
“This inquiry is not directed at any entity by presumption of wrongdoing. Rather, it is an opportunity to carefully examine the facts, hear from all affected parties and determine whether any conduct has resulted in anti-competitive outcomes or unfair business practices. Every party will have a fair opportunity to present relevant information before any conclusions are reached,” he added.

The FCCPC said it would determine whether the alleged practices breach the Federal Competition and Consumer Protection Act 2018 or any other applicable legislation.

The probe comes at a time when governments across the world are introducing measures to ensure technology companies compensate publishers for the use of news content. In South Africa, for example, Google agreed to pay local news organisations hundreds of millions of rand annually following regulatory intervention.

The Nigerian investigation also follows the FCCPC’s recent legal battle with Meta, which resulted in a $220 million penalty over alleged violations of Nigeria’s competition and consumer protection laws, including data privacy breaches. The company is challenging the decision on appeal.
If the investigation confirms the allegations, it could significantly reshape the relationship between global technology companies and Nigeria’s media industry, while setting new standards for digital competition, copyright protection and the commercial use of journalistic content.

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Nigerian students issue 4-day ultimatum to South African businesses to leave the country

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The National Association of Nigerian Students (NANS), the apex students governing body, has issued a four days ultimatum to South African business interests to evacuate Nigeria.

This is contained in a statement issued on Monday in Enugu by Comrade Amb. Bestman Okereafor, NANS National Executive Director, Cooperate and Private Sectors Engagement.

The statement said that after the expiration of the ultimatum, South African business interests would face full wrath of the over 43.1 million Nigerian students scattered in the nooks and crannies of the country.

“The attention of the apex students governing body, NANS, has been drawn to continuous attacks, intimidation and subsequent chase of law abiding, peaceful and hardworking Nigerians and other Africans from South Africa.

“As the biggest students body in Africa, we are giving South African business interests four days to evacuate our beloved country, Nigeria.

“The reason for this action is simple. South Africans cannot continue to oppress and chase our people from their country and expect their businesses to thrive on our soil,” it said.

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The statement further noted that immediately after expiration of the ultimatum, NANS will consider picketing South Africa business interests, while further actions will follow.”

It called on the Federal Government of Nigeria and the African Union (AU) to take more decisive actions against South Africa for their inimical acts towards other Africans.

“It is on record that Nigeria played a major role in support of South Africa during the apartheid struggle and should never be paid with disloyalty, disrespect and global embarrassment,” it added.

It would be recalled that xenophobic attack by South Africans on other Africans for some months had led to Nigerians being physically assaulted, embarrassed, intimidated, injured and some gruesomely murdered.

Several Nigeria business interests and business premises, owned by law abiding Nigerians in South Africa, had been completely burnt down or destroyed by rampaging South Africans without any justification.

The alleged perpetrators of these crimes had earlier given Nigerians and other Africans an ultimatum of June 30 to leave South Africa.

The Federal Government through the Ministry of Foreign Affairs had in recent weeks airlifted hundreds of Nigerians, who are willing to leave the unfriendly country and her people, free of charge back to Nigeria.

However, some of those, who returned to Nigeria recently, left South Africa barely with the cloth they put on, losing savings, valuables and businesses they set up or acquired after many years.

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