Nigeria Denies Binance Exec Recent Mistreated Claims in Jail

As a seasoned crypto investor with a keen interest in the global digital asset market, I’ve been closely following the developments regarding Binance and its executive, Tigran Gambaryan, who is currently detained in Nigeria. The recent statements from the Nigerian government through its Information Minister, Mohammed Idris, have caught my attention.


The Nigerian authorities have dismissed allegations that the living conditions of Binance executive Tigran Gambaryan in Kuje Prison, Abuja, are unfavorable.

After two U.S. lawmakers paid a visit to Gambaryan in prison, Mohammed Idris, the Information Minister of the country, made some remarks in response.

As a concerned crypto investor following the news about Tigran Gambaryan’s situation, I would like to clarify some recent concerns regarding his reported prison conditions and health in Nigeria. The Federal Government of Nigeria has assured us all that Mr. Gambaryan, who is currently on trial for legal reasons, has access to quality medical care while he remains in custody. This information comes directly from the government, aiming to alleviate any worries about his wellbeing during this period.

— Mohammed Idris, FNIPR (@HMMohammedIdris) June 21, 2024

The Federal Government of Nigeria feels compelled to clarify rumors regarding the living conditions and deteriorating health of Binance Executive Tigran Gambaryan, who is currently in Nigerian custody. However, we wish to debunk these accusations as unfounded and implore the public to disregard such claims.

The minister’s statement is a clear reaction to the demands made by Representatives French Hill and Chrissy Houlahan following their visit on June 19th. They advocated for Gambaryan’s freedom, emphasizing his past role as an IRS Special Agent and his ten-year track record in combating financial crimes.

Nigeria’s Federal Government will persistently adhere to proper legal procedures as they strive to hold Binance accountable for any potential wrongdoings – an identical endeavor undertaken by various governments worldwide.

The minister reiterated that Nigeria’s actions against Binance comply with the law, adding that several other nations are similarly examining the firm. He assured that Nigeria would uphold Gambaryan’s fundamental rights, among which is the right to a fair trial.

As a researcher investigating this situation, I’ve come across an interesting development: Yuki, Gambaryan’s spouse, has petitioned the Economic and Financial Crimes Commission (EFCC) to grant her husband’s release based on the recent dismissal of charges against him by the Federal Inland Revenue Service (FIRS).

The evidence against Binance and Gambaryan grows, as Abdulkadir Abbas, a representative of the Securities and Exchange Commission, asserts that Binance failed to secure necessary authorization to function in Nigeria. The upcoming court session is slated for July 1.

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2024-06-22 12:52