Court in Nigeria Dismisses Case Filed by Escaped Binance Executive

Binance recently suffered another setback in its protracted lawsuit with the Nigerian authorities, following a Federal High Court ruling to dismiss a human rights lawsuit filed against the West African nation authorities, particularly the Economic and Financial Crime Commission (EFCC) and the National Security Adviser (NSA) by Nadeem Anjarwalla.

Interestingly, the new ruling is coming a few days after the Nigerian Federal Inland Revenue Service (FIRS) acquitted Anjarwalla and Tigran Gambaryan from the alleged tax evasion charges previously levied against both executives, as attention will shift solely to Binance.

Anjarwalla's Arguments

Presenting his arguments, Anjarwalla asserted that the Nigerian government, through its regulatory bodies, had violated his fundamental human rights by detaining him and seizing his passport.

However, On June 19, Justice Inyang Ekwo, who presided over the hearing tendered by Anjarwalla, dismissed the case, citing a lack of legal representation, as neither the escaped executive nor his legal team appeared in court, complicating the already strained relationship between the parties involved.

Implications As Court Dismisses Case Presented By Binance Executive

The court verdict implies that Anjarwalla remains culpable and could face confinement, especially in prison, like his fellow executive, Tigran Gambaryan.

After Anjarwalla's escape earlier this year in March, the Nigerian government has adopted stringent rules to ensure that a re-occurrence does not occur with Gambaryan.

Hence, Gambaryan was transferred to Kuje Correctional Center under a potent security network, and he has been attending court proceedings from the correctional center since then.

What Is Next?

At the time of drafting this report, information about Anjarwalla's whereabouts has remained scanty, despite news breaking out in the past that he faces high extradition back to Nigeria.

Following the court verdict which dismissed the case presented by Anjarwalla, it becomes safe to say that the Nigerian authorities might want to intensify the process, leading to the executive's extradition, since his arguments will no longer stand against them, meting out punishments to the escaped executive.

Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence before making any trading or investment decisions.

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