#ScamRiskWarning The Nigerian Court, on Thursday morning adjourned the case against Binance and its two executives to May 17.
The case borders on Money laundering and Tax evasion. Other concerns by the government include allegations of manipulation of the local currency by peer-to-peer traders on the platform.
According to Reuters, Binance and its executives named Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan Citizen who is the regional manager for Africa are facing money laundering charges to the tune of $35 million and dealing in specialized financial activities without a license.
