Connect with us

Headline

Binance Reacts As FG Drops Tax Charges Against Executives

Published

on

Crypto exchange platform, Binance has reacted after its officials executives, Tigran Gambaryan, and Nadeem Anjarwalla were discharged of tax evasion charges filed by the Federal Inland Revenue Service.

They were cleared on Friday by the Federal High Court in Abuja.

The court’s decision came on Friday after the FIRS submitted amended charges that effectively dropped the tax evasion allegations against Gambaryan and Anjarwalla, who absconded to Kenya.

Advertisement

This change followed Binance’s notification of appointing a Nigerian representative, Ayodele Omotilewa, to handle its local operations. The original charges, filed on March 22, 2024, accused Binance and Gambaryan of tax evasion.

READ ALSO: Tinubu Gets Bill Proposing Return To Regional Govt Friday

In a shared note with The PUNCH, the platform said it was relieved that tax charges against Gambaryan and Anjarwalla have been dropped because they are decision-makers at the company.

Advertisement

The platform said, “We are relieved that the Federal Inland Revenue Service (FIRS) has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped.

“This further illustrates that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government. We await the court’s ruling on this, discharging Tigran from this matter completely.”

The crypto platform also called on the Economic and Financial Crimes Commission to take similar steps, allowing Gambaryan to return home to his family.

Advertisement

READ ALSO: Detained Binance Chief’s Wife Drags Nigeria Before US Parliament

It emphasized Gambaryan’s deteriorating health due to 110 days of detention, during which he was diagnosed with malaria and pneumonia.

“We commend the FIRS for their diligence and professionalism throughout this process. This situation unequivocally demonstrates Binance’s commitment to resolving this issue with the government transparently and cooperatively.

Advertisement

“In order for Tigran to be allowed to go home to his family, we are hopeful that the Economic and Financial Crimes Commission (EFCC) will take similar steps.

“Tigran has been detained for 110 days, and his physical health is deteriorating, including a recent malaria and pneumonia diagnosis. Binance is committed to continuing to work with the Nigerian government to resolve this,” Binance added.

READ ALSO: Attack On Soldiers: Do Not Back Down On Ban On Okagheles, Edo South Residents Urges Obaseki

Advertisement

The next hearing in the case is scheduled for June 19, 2024. where the application for an order for the enforcement of fundamental rights will be heard.

On June 20, the EFCC trial is due to continue, while Tigran will remain detained at Kuje prison.

Since Tigran collapsed in court on May 23rd with Malaria, his health conditions have worsened and Tigran now has pneumonia.

Advertisement

Despite a court order by Justice Emeka Nwite to take Tigran to the hospital immediately, it took the prison authorities 11 days to take him for a brief check-up.

READ ALSO: Court Sentences Police Inspector To Death For Killing Phone Dealer

The PUNCH reported last week that 16 US Members of Congress, including the chair of the Foreign Affairs Committee, Michael McCaul wrote to President Biden highlighting that he is a “U.S. Citizen wrongfully detained by a foreign government,” and urging him to do more to secure his release.

Advertisement

Recall the the Federal Government had accused the cryptocurrency exchange of manipulating foreign exchange (FX) rates, which led to increased scrutiny of crypto trading platforms.

Separately, the EFCC is prosecuting Binance and its executives on charges of alleged money laundering and foreign exchange violations.

On February 28, 2024, Nigerian authorities detained two senior Binance executives when they arrived in Nigeria for a meeting following the Federal Government’s ban on cryptocurrency channels, part of a broader campaign against currency speculation.

Advertisement

Headline

Mosquitoes Discovered In Iceland For First Time

Published

on

Mosquitoes have been discovered in Iceland in a first for the island nation, which has long been one of the world’s mosquito-free places, a researcher told AFP Monday.

Three Culiseta annulata mosquitoes, two females and one male, were sighted around 30 kilometres (20 miles) north of the capital Reykjavik, according to Matthias Alfredsson, an entomologist at the Natural Science Institute of Iceland.

“They were all collected from wine ropes… aimed at attracting moths,” the researcher said in an email, referring to a method of adding sugar to heated wine and dipping ropes or strips of fabric into the solution, which are then hung outside to entice the sweet-toothed insects.

Advertisement

READ ALSO:Govt Kicks As Controversial Influencer Tagged Lagos Smelly, Mosquito-infested City

Along with Antarctica, Iceland has long been one of the few places on earth without a mosquito population.

It is the first record of mosquitoes occurring in the natural environment in Iceland. A single Aedes nigripes specimen (arctic mosquito species) was collected many years ago from an airplane at Keflavik airport,” Alfredsson said, adding that “unfortunately, that specimen is lost”.

Advertisement

Their presence could “indicate a recent introduction to the country, possibly via ships or containers”, he said, but further monitoring in spring would be necessary to determine their further spread.

READ ALSO:Teenager Becomes Nigeria’s ‘Vice President For A Day’

Rising temperatures, longer summers, and milder winters, all brought on by climate change, create a more favourable environment for mosquitoes to thrive.

Advertisement

But Alfredsson did not believe that a warmer climate explained the discovery.

The species “appears to be well adapted to colder climates”, which “allows them to withstand long, harsh winters when temperatures drop below freezing”, he said.

He added that its “diverse breeding habitats… further enhances its ability to persist in Iceland’s challenging environment”.
AFP

Advertisement
Continue Reading

Headline

Trump Urged Ukraine To Give Up Land In Peace Deal Talks — Official

Published

on

United State President Donald Trump pressured Ukrainian counterpart Volodymyr Zelensky to give up the eastern Donbas region in exchange for peace during “tense” talks last Friday in Washington, a senior Ukrainian official told AFP.

The source added that the talks with Trump were “not easy”, and that diplomatic efforts to end the Russia-Ukraine war felt like they were being “dragged out” and “going in circles”.

Zelensky met Trump at the White House last week, hoping to capitalise on the US leader’s growing frustration with Russian President Vladimir Putin’s reluctance to accept a ceasefire.

Advertisement

READ ALSO:Burkina Rejects US Deportees, Calls Trump’s Proposal Indecent

But he instead left empty-handed after Trump — who spoke with Putin the day before — denied his request for long-range Tomahawk missiles and pressured him into making a deal.

When asked if Trump urged Zelensky to pull out of land Ukraine still controlled — one of Putin’s key demands — the Ukrainian official told AFP: “Yes, that’s true.”

Advertisement

Following his meeting with Zelensky, Trump said on social media that their talks were “very interesting and cordial, but I told him, as I likewise strongly suggested to President Putin, that it is time to stop the killing and make a DEAL!”

READ ALSO:White House Slams Trump’s Nobel Prize Snub

Trump promised to end Russia’s three-and-a-half-year invasion within “24 hours” of his inauguration in January, but has failed to extract any concessions from Putin.

Advertisement

His position on the war has repeatedly shifted following his conversations with both Putin and Zelensky.

AFP

Advertisement
Continue Reading

Headline

Voters In Turkish Cyprus Reject Erdogan-backed Leader In Presidential Election

Published

on

The breakaway territory of northern Cyprus has voted overwhelmingly to replace its outgoing leader, who had the backing of Turkish President Recep Tayyip Erdogan, election officials said Sunday.

Almost 63 per cent of voters in the territory, whose claim to statehood is recognised only by Turkey, backed former prime minister Tufan Erhurman as next president at the expense of Turkey’s pick, Ersin Tatar, who polled 35 per cent.

Cyprus has been divided since 1974, when a Turkish invasion following a coup in Nicosia backed by Greece’s then-military junta eventually led to the creation of the Turkish Republic of Northern Cyprus in 1983.

Advertisement

READ ALSO:US Imports Eggs From Korea, Turkey To Help Ease Prices

The internationally recognised Republic of Cyprus, a member of the European Union, controls the island’s majority Greek Cypriot south.

While Tatar has toed the Turkish line of two separate states on Cyprus, Erhurman has indicated he favours a federal state that would include both sides of the island.

Advertisement

Erhurman said there were no losers in the election and that “the Turkish Cypriot people have won together”.

READ ALSO:Turkey Deports 103 Nigerians

“I will exercise my responsibilities, notably in terms of foreign policy, in consultation with the Republic of Turkey,” he said, trying to soothe concerns from Ankara that he may try to break away.

Advertisement

Erdogan congratulated Erhurman in a post on social media, adding that Turkey would “continue to defend the rights and sovereign interests” of the breakaway territory.

The last major round of peace talks to negotiate a settlement to the island’s divided status collapsed in Switzerland in 2017.

The leaders of both sides met in July at the UN headquarters in New York for talks that were hailed as “constructive” by UN chief Antonio Guterres.

Advertisement

AFP

Continue Reading

Trending