Detained Binance Executives to Remain in Nigerian Custody Until Hearing: WSJ

Binance executives Tigran Gambaryan and Nadeem Anjarwalla will remain in Nigerian custody until a hearing on March 20, according to the Wall Street Journal. The two executives were arrested on February 26 after traveling to Abuja for a meeting with the Nigerian government. The Nigerian government has accused Binance of contributing to the crash of the country’s currency, the naira. Gambaryan and Anjarwalla have not been charged with any crimes. A court hearing on Wednesday did not extend the detention period but set a follow-up hearing for March 20. Nigerian officials have been given more time to respond to arguments made by the executives’ lawyers. Nigeria’s Central Bank governor claimed that $26 billion in untraceable funds flowed through Binance Nigeria last year. Binance has stated that it is working collaboratively with Nigerian authorities to ensure the safe return of the detained executives.