EFCC presses criminal charges against Binance Executive Gambaryan – Newstrends
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EFCC presses criminal charges against Binance Executive Gambaryan

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Tigran Gambaryan

EFCC presses criminal charges against Binance Executive Gambaryan

Recently, the Economic and Financial Crimes Commission (EFCC) persisted with its allegations of money laundering against Tigran Gambaryan, an executive linked to Binance Holdings Ltd. The proceedings unfolded at a Federal High Court in Abuja.

The Federal Inland Revenue Service (FIRS) had withdrawn a tax evasion charge against Gambaryan and the cryptocurrency exchange platform. Despite this, EFCC proceeded with a five-count charge against Binance and Gambaryan, alongside FIRS’s earlier four-count charge.

The accusations by EFCC centre on money laundering amounting to $35.4 million, with additional concerns over potential involvement in terrorism financing.

Justice Emeka Nwite recently discharged Gambaryan, along with Nadeem Anjarwalla, from the tax evasion charges. This followed an amended charge by FIRS, prompted by Binance’s appointment of a Nigerian representative, Mr. Ayodele Omotilewa, to oversee its operations locally.

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Expectations were high for today’s court session, as the EFCC was expected to respond. However, proceedings instead focused on the cross-examination of Mr Abdulkadir Abbas, the SEC’s Director, by the defence counsel for Binance, Mr Babatunde Fagbohunlu, SAN.

During the cross-examination, Abbas, who oversees Registration, Exchanges, and Market Infrastructure at the SEC, highlighted that under Nigerian law, companies seeking public capital must first become a Public Limited Company (PLC) for IPOs. He noted that Binance had not complied with the SEC’s regulations overseeing Bitcoin trading platforms in Nigeria.

The court adjourned proceedings until June 21, highlighting this complex legal battle involving international finance and regulatory compliance.

EFCC presses criminal charges against Binance Executive Gambaryan

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BREAKING: FG declares Tuesday public holiday to celebrate 64th Independence

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Minister of Interior, Dr Olubunmi Tunji-Ojo

BREAKING: FG declares Tuesday public holiday to celebrate 64th Independence

The Federal Government has declared Tuesday, 1st of October 2024, as a public holiday to commemorate the Nation’s 64th Independence Day Anniversary.

The Minister of Interior, Dr. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated Nigerians at home and abroad on this occasion.

In a statement signed Saturday in Abuja, by the Ministry’s Permanent Secretary, Dr. Magdalene Ajani, the minister praised the patient and hardworking Nigerian men and women, stating that their sacrifices will not be in vain.

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Aligning himself with the theme for the Anniversary, the Minister reiterated the need for Nigerians to reflect on the labour of our heroes past and be inspired for the tasks ahead, realizing that a Nigeria of our dream can only be built when we unite.

While wishing Nigerians a Happy Independence Day Anniversary, Dr. Tunji-Ojo urged the citizens to continue to be steadfast in nation-building.

BREAKING: FG declares Tuesday public holiday to celebrate 64th Independence

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Tinubu makes new appointments

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President Bola Ahmed Tinubu

Tinubu makes new appointments

President Bola Tinubu has taken a significant step toward establishing the North West Development Commission (NWDC) by submitting the names of its inaugural Governing Board members to the Senate for approval.

This action follows the President’s recent signing of the North West Development Commission Bill into law on July 24, further advancing the Commission’s formation aimed at the socio-economic development of the region.

According to a statement released by Mr. Bayo Onanuga, Special Adviser on Information and Strategy, Tinubu has nominated Amb. Haruna Gindau from Jigawa to serve as the Board Chairman. Additionally, Prof. Abdullahi Ma’aji from Kano has been selected as the Managing Director and Chief Executive Officer (MD/CEO).

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Other key nominations for the Board include Dr. Yahaya Umar Namahe (Sokoto), Hon. Aminu Suleiman (Kebbi), and Sen. Tijani Yahaya Kaura (Zamfara). The President also nominated Hon. Abdulkadir S. Usman (Kaduna), Hon. Engr. Muhammad Ali Wudil (Kano), Shamsu Sule (Katsina), and Nasidi Ali (Jigawa) as members of the Board.

The newly appointed members are expected to bring their experience and knowledge to advance the Commission’s mission of driving development across the North-West region.

The NWDC aims to promote economic growth, social development, and empowerment within the region. The statement emphasized the President’s dedication to supporting the Commission in achieving its development goals.

Tinubu makes new appointments

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Wike approves recruitment of 900 health workers, okays 25% salary increase for nurses

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Federal Capital Territory Minister, Nyesom Wike

Wike approves recruitment of 900 health workers, okays 25% salary increase for nurses

The Federal Capital Territory Administration (FCTA) has announced plans to recruit 900 healthcare workers to strengthen staffing in its hospitals.

The decision was disclosed by Dr. Babagana Adams, the Permanent Secretary of the Health and Environment Services Secretariat (HESS), during an awards dinner hosted by the National Association of Nigeria Nurses and Midwives (NANNM) FCT Council.

The event, which served as the conclusion of the 2024 FCT Nurses Week, began with Jumaat prayers on Sept. 20 and culminated with the awards night.

Adams revealed that FCT Minister Nyesom Wike has given the green light for the recruitment of the healthcare personnel.

Additionally, approval has been granted for the hiring of 342 other health professionals, with recruitment efforts expected to commence shortly.

In further remarks, Adams stated his intention to submit a proposal advocating for the establishment of a dedicated village for health professionals before the end of the current administration.

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He also indicated that plans were underway to enhance transportation for nurses, with discussions already initiated with WEMA and Zenith banks to facilitate this support.

He emphasized that the forthcoming proposal would include a seamless payment system for these initiatives.

Speaking at the event, Mr. Jama Medan, Chairman of the NANNM FCT Council, called for the expansion of hospitals across the FCT, noting that many districts lack adequate healthcare facilities. He highlighted that the growing population in the FCT has far exceeded the capacity of existing hospitals, underscoring the need for more infrastructure and medical equipment.

Medan encouraged nurses to remain dedicated to their profession despite the challenges of heavy workloads, urging them to resist the temptation to migrate abroad or switch careers. He praised Minister Wike’s efforts to improve conditions in the FCT, expressing optimism that the hard work of healthcare professionals would soon be rewarded.

“The minister has already made significant strides, beginning with the approval of a 25% salary increase and other benefits for nurses,” Medan noted.

During the event, the award for the Best Nurse in the FCT was presented to Rosemary Okoroafor from Karshi General Hospital. The honor was bestowed by Dr. Esther Osunluyi, representing the National Association of Nigerian Nurses in North America.

Wike approves recruitment of 900 health workers, okays 25% salary increase for nurses

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