Binance Executives Still in Nigeria Custody After Court Appearance: What You Need to Know

Two executives from Binance, the world\'s largest cryptocurrency exchange, will remain in detention for at least two more weeks in Nigeria after appearing in court. The ongoing legal proceedings have drawn significant attention, especially following Binance’s recent withdrawal of its peer-to-peer (P2P) service for the Nigerian naira market. Despite this move, two of its senior employees remain in the country’s custody.

According to a Reuters report, two Binance executives remain in custody in Nigeria following their court appearance. The specifics of their charges have been widely reported, including allegations of money laundering. A Nigerian court has denied a new bail request from Binance executive Tigran Gambaryan, who remains in custody on these money laundering charges. Justice Emeka, presiding over the case, cited concerns that have led to the denial of bail.

The legal battle continues, with developments unfolding. 4 de sept. de 2025, Tigran Gambaryan, a Binance executive detained in Nigeria since February, may not be eligible to post bail until October after another deferment in his case. The delays have frustrated legal teams and raised questions about the fairness of the proceedings.

Furthermore, 1 de sept. de 2025 A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria and the Head of the Legal Services Department of the apex bank to appear in court. This summons underscores the importance and complexity of the case, as it directly involves Nigeria\'s central banking authorities.

The situation remains fluid, and updates will be provided as they become available. Check back for the latest news on the Binance executives\' case in Nigeria. This case highlights the challenges and regulatory scrutiny faced by cryptocurrency exchanges operating in emerging markets.