Tinubu seeks fresh court order to keep Binance officials in detention

The Federal Government has approached an Abuja magistrates’ court for an order to extend the detention of two Binance officials, Tigran Gambaryan, a U.S. citizen and British-Kenyan Nadeem Anjarwalla.
The two Binance officials have been in detention since two weeks after the Federal Government arrested them.
After the expiration of the first court order to detain the duo on Tuesday, “Economic Financial Crimes Commission has asked a chief magistrates’ court in Abuja to extend their (Mr Gambaryan and Mr Anjarwalla) detention while investigations continue,” Reuters reported on Thursday citing sources familiar with the case.
Spokesperson for the EFCC, Dele Oyewale, declined comment when asked about the anti-graft agency’s move for fresh court order to extend Messrs Gambaryan and Anjarwalla’s detention.
“I don’t have any comment about that,” Mr Oyewale told Peoples Gazette.
The cryptocurrency platform noted that “it is inappropriate for them to comment on the substance of the claims at this time, but they are “working collaboratively with Nigerian authorities” to secure the release of their officials in detention.
On Wednesday, Peoples Gazette reported that Tinubu-led government demanded that the cryptocurrency platform furnish it with a list of top Nigerian Binance users and their transaction details to release their officials held hostage.
Clampdown on Binance and other platforms comes as part of efforts by the Tinubu-led government to strengthen the naira against the dollar.
Based on claims that the cryptocurrency platform is aiding currency speculators to manipulate Nigerian exchange rate, Mr Tinubu government blocked Binance website to Nigerian users.
Central Bank of Nigeria governor, Olayemi Cardoso, had said over $26 billion passed through Binance in the past year, while Bayo Onanuga, a media aide to the President, justified the clampdown on Binance and other cryptocurrency platforms in Nigeria, accusing them of fixing rates and sabotaging the Nigerian economy.
With its two officials in detention, Binance exited the Nigerian market and discontinued every naira-related transaction on its platform.
The detention of Messrs Gambaryan and Anjarwalla has caused worries to their families.
Mr Gambaryan’s wife, Yuki, described the last two weeks as the “hardest days of her life.” She said her two children (a four-year-old and a 10-year-old) have become relentless in asking when daddy would return, a question to which she had no answer.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Police say three alleged vandals nabbed, multimillion-naira rail tracks recovered
The police command in Oyo state arrested three suspects in connection with the vandalism and theft of railway tracks valued at N200 million.

States
Otti directs immediate implementation of NYSC allowances
Mr Otti gave the directive in his office on Tuesday while receiving the new NYSC coordinator, Yunusa Tanimu, in Nvosi, Isiala Ngwa South council area.

Anti-Corruption
I would have become Nigeria’s president now if I had been drug dealer, fraudster: Basketmouth
“If I had started a church business. Sorry. If I had joined evangelism. I would have been Daddy G.O. owning two private jets, one university,” stated Basketmouth.

States
Ibadan men nabbed for kidnapping five-year-old girl, demanding N10 million ransom
The suspects, Adegboye Seyi Sunday and Adegboye Elijah Adefemi, were nabbed in Ibadan by the police.

Economy
World’s Richest AI Creator: Meet Deepseek founder Liang Wenfeng worth $36 billion
Ranked among China’s 100 richest people, Mr Liang was on Time magazine’s 100 Most Influential People in AI in 2025 and on Fortune’s 100 Most Powerful People in Business.

Economy
FG expresses commitment to improving ease of doing business
FG says it remains committed to improving the ease of doing business, strengthening investor confidence and implementing policies that encourage enterprise growth.





