EFCC to arraign Binance executives Gambaryan, Nadeem Anjarwalla Thursday – Newstrends
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EFCC to arraign Binance executives Gambaryan, Nadeem Anjarwalla Thursday

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Gambaryan, Nadeem Anjarwalla

EFCC to arraign Binance executives Gambaryan, Nadeem Anjarwalla Thursday

The Economic and Financial Crimes Commission (EFCC) will, on Thursday, arraign Tigran Gambaryan and Nadeem Anjarwalla, two top officials of Binance Holdings Ltd, on five counts of money laundering charges.

It was gathered on Tuesday that Binance, Mr Gambaryan and Mr Anjarwalla, who escaped from lawful custody on March 22 and fled Nigeria, will be arraigned before Justice Emeka Nwite of the Abuja Division of the Federal High Court.

The crypto exchange firm and Messrs Gambaryan and Anjarwalla are listed as the first to third defendants, respectively. But Mr Anjarwalla, who the EFCC describes as “at large” in the counts, is expected to be arraigned in absentia.

The anti-graft agency filed a charge on March 28, accusing the trio of money laundering totalling $35,400,000.

Count one accused the defendants between January 2023 and January 2024 in Abuja of carrying on the specialised business of other financial institutions without a valid licence.

The offence is said to be contrary to sections 57(1) and (2) of the Banks and Other Financial Institutions Act, 2020 and punishable under section 57(5) of the same act.

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Also, the Federal Inland Revenue Service (FIRS) will arraign Binance Holdings Limited, Mr Gambaryan, and fleeing Mr Anjarwalla on April 4 on allegations bordering on tax evasion.

In the charge marked FHC/ABJ/CR/115/2024, the three defendants will equally be arraigned before Justice Nwite on four counts.

Though the FHC’s Easter vacation, which began on March 22, will end on April 8, the chief judge of FHC, Justice John Tsoho, directed the transfer of the Binance case file to Justice Nwite, even though he is not a vacation judge.

The chief judge granted the fiat for the judge to handle the case during vacation because it concerns dire national interest.

The FIRS charged and filed the charge on March 22, claiming the defendants committed the offence on or about February 1.

Count one alleged that while carrying and offering services to subscribers on their platform, Binance, they failed to register with the FIRS to pay all relevant taxes administered by the service.

The offences are said to be punishable under sections 8 and 29 of the VAT Act of 1993 (as Amended), section 40 of the FIRS Establishment Act, 2007 (as amended) and under provisions of section 94 of the Companies Income Tax Act (as amended), respectively.

The two cases were fixed for Thursday to allow for accelerated hearing.

EFCC to arraign Binance executives Gambaryan, Nadeem Anjarwalla Thursday

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Nigeria Customs Service begins 2025 recruitment [How to apply]

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Nigeria Customs Service begins 2025 recruitment [How to apply]

The Nigeria Customs Service (NCS) has announced the commencement of its recruitment exercise, assuring Nigerians that the process is entirely free and fair.

The agency has cautioned the public to be vigilant against scammers who may attempt to exploit unsuspecting applicants during the recruitment period.

Applications are invited for positions in the Superintendent, Inspector, and Customs Assistant cadres as part of the Service’s plan to recruit 3,927 officers in 2025.

This initiative is aimed at enhancing trade facilitation and supporting Nigeria’s economic recovery efforts.

“Our recruitment is entirely free and fair. At no stage do we charge fees. Anyone requesting payment is a scammer,” the agency emphasized, urging applicants to be wary of fraudulent schemes.

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The NCS outlined eligibility criteria, stating that applicants must be Nigerian citizens by birth, possess a valid National Identification Number (NIN), and have no criminal record or ongoing investigations.

Academic qualifications for the three cadres are as follows:

Superintendent Cadre: A university degree or Higher National Diploma (HND) along with an NYSC discharge or exemption certificate.

Inspectorate Cadre: A National Diploma (ND) or Nigeria Certificate in Education (NCE) from an accredited institution.

Customs Assistant Cadre: At least an O’Level certificate (WAEC or NECO).

In addition to these qualifications, the NCS stressed that all applicants must be physically and mentally fit, providing evidence of medical fitness from a recognized government hospital.

Nigeria Customs Service begins 2025 recruitment [How to apply]

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Tinubu to critics: I won’t reduce my cabinet size

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President Bola Ahmed Tinubu

Tinubu to critics: I won’t reduce my cabinet size

President Bola Tinubu on Monday unequivocally responded to critics who described his cabinet as “bloated” by saying he is unprepared to reduce the size of his 48-man cabinet.

“I am not ready to shrink” the size of my cabinet, Tinubu said during a media chat at his Bourdillon residence in the highbrow Ikoyi area of Lagos State.

“I am not prepared to bring down the size of my cabinet,” the former Lagos governor said, arguing that “efficiency” has been at the core of his selection of ministers.

The president also said he has no regret removing the petrol subsidy in May 2023, saying Nigeria cannot continue to be Father Christmas to neighbouring countries.

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“I don’t have any regrets whatsoever in removing petrol subsidy. We are spending our future, we were just deceiving ourselves, that reform was necessary,” he told reporters.

Tinubu appointed 48 ministers in August 2023, three months after his inauguration. The Senate immediately screened and confirmed the ministers. One of the ministers, Betta Edu, was suspended in January while another, Simon Lalong, moved to the Senate.

There were calls for the President to reshuffle his cabinet as many Nigerians have not been impressed by the performance of some of the ministers, especially in the face of unprecedented inflation, excruciating economic situation and rising insecurity.

In October 2024, Tinubu re-assigned 10 ministers to new ministerial portfolios and appointed seven new ministers for Senate confirmation. He also sacked five of his ministers but critics insist that the President’s cabinet remains large, especially with the creation of a Livestock Ministry with a minister.

 

Tinubu to critics: I won’t reduce my cabinet size

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Tinubu: Food stampede incidents, grave error 

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Tinubu: Food stampede incidents, grave error 

..Don’t publicise gifts distribution if you don’t have enough

 

President Bola Tinubu has described the recent three stampede incidents during distribution of relief materials to children and others as a grave error.

He told people to be more organised and stay away from giving palliative or publicity of the giving if they had insufficient materials.

He stated this during his first presidential media chat on Monday.

The President said he had been sharing palliatives in his Lagos residence for 25 years without any incident and blamed the recent food stampedes in the country on poor organisation.

A total of 35 children died on December 18 during a stampede that happened at a funfair event in Ibadan, Oyo State.

10 people, including children, also died on December 21 in another stampede at the Holy Trinity Catholic Church in the Maitama district of Abuja during the distribution of palliatives.

Another 22 people were reported dead during a rice distribution event at Amaranta Stadium in Ojika, Ihiala LGA, on the same day.

“It’s unfortunate and very sad, but we will continue to learn from our mistakes. I see this as a grave error on the part of the organisers,” he said.

But the President insisted that the incidents should not dampen the “happiness of the season”.

“It is very sad that people are not well organised. We just have to be more disciplined in our society. Condolences to those who lost members, but it is good to give,” Tinubu said.

“I’ve been giving out foodstuff and commodities, including envelopes in Bourdillon, for the last 25 years, and I’ve never experienced this kind of incident because we are organised and disciplined.

“If you know you won’t have enough to give, don’t attempt to give or publicise it.”

The President compared the situation to food banks in countries such as the United States of America (USA) and Britain, noting their structured approach.

“Every society, even in America, has food banks. They have hungry people. In Britain, they have food banks and warehouses, and they are organised. They take turns m lining up and collect,” he added.

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