Court Summons CBN Governor and Legal Head Over Detained Binance Executive
A Federal High Court in Abuja has summoned Dr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), and the Head of the Legal Services Department of the CBN to appear before it on Monday, September 2. This summons is related to the ongoing trial concerning Binance Holdings Limited and its executives, who are facing serious money laundering charges.
The case, brought by the Economic and Financial Crimes Commission (EFCC), involves Tigan Gambaryan, Head of Financial Crime Compliance for Binance USA, and Nadeem Anjarwalla, the exchange’s British-Kenyan regional manager for Africa.
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The charges against them total $35 million. Gambaryan and Anjarwalla were initially detained by the Office of the National Security Adviser (ONSA), but Anjarwalla escaped custody on March 22, 2024. Gambaryan remains detained at Kuje Correctional Facility.
At a prior court session, Justice Emeka Nwite had scheduled the continuation of the trial for October 11. However, the defense requested an earlier date, which the court granted, moving the trial forward to September 2.
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The court’s subpoena, with the case number FHC/ABCR/138/2024, requires the CBN officials to provide specific documents. They are commanded to bring a “Certified True Copy of the excel spreadsheet captioned ‘Export Exchange Rate Results’ published on the Central Bank of Nigeria’s website for the period from June 1, 2024, to August 16, 2024.”
The summons emphasizes the importance of these documents to the trial and instructs the CBN officials to attend court personally or delegate a representative. The documents requested are crucial for the ongoing investigation into the financial dealings of Binance and its executives.
