Tigran Gambaryan Qualified to Represent Binance in Nigerian Tax Evasion Trial

A Nigerian court has ruled that Tigran Gambaryan, a detained Binance executive, is eligible to represent the cryptocurrency exchange in its ongoing tax evasion case. Judge Emeka Nwite stated that Gambaryan’s role as Chief Financial Compliance Officer qualifies him to face the charges. This ruling counters Binance's claim that Gambaryan is merely a mid-level employee without significant decision-making power.

Binance CEO Richard Teng expressed concern over the precedent set by Nigerian authorities detaining Gambaryan, suggesting they are using him as leverage in negotiations. Despite arguments for his release, the court remained unswayed. Binance maintains that the charges against Gambaryan are baseless and has called for his release.

Although the Federal Inland Revenue Service (FIRS) of Nigeria has not formally charged Binance with tax evasion, it has suggested that Gambaryan might face such charges on behalf of the exchange.