Business

Binance Executive, Gambaryan Accuses Nigerian Government of Maltreatment

Published

2 years ago

September 3, 2024

Photo source: Google

Tigran Gambaryan, a senior executive at Binance facing money laundering charges, has raised serious allegations of mistreatment by the Nigerian government.

In a video that went viral on Monday, shared by SYMFONI, Gambaryan, who was seen using crutches, claimed that staff of the Nigeria Correctional Service had deliberately neglected him on direct orders from government officials.

“This is messed up. He was told not to assist me. This is a government directive. It’s all for show – I am an innocent man,” Gambaryan lamented in the footage.

The accusations surface after the embattled executive was arraigned before the Federal High Court in Abuja on Tuesday. Gambaryan has been at the centre of a legal dispute, with his case receiving widespread attention.

On August 28, 2024, his legal representative, Senior Advocate of Nigeria (SAN) Mark Mordi, applied for bail on his behalf.

However, counsel for the Economic and Financial Crimes Commission (EFCC), Ekene Iheanacho, opposed the bail application.

Iheanacho argued that Gambaryan’s health condition, which he claims as a reason for bail, is not a new development.

“My Lord, I don’t wish to delve too deeply into this issue. The defendant has been living with this spinal (disk) condition for the past 12 years, long before his arrival in Nigeria. It’s not a recent ailment,” Iheanacho stated during the hearing.

Gambaryan’s wife, Yuki, also spoke out against the treatment her husband is receiving, calling the situation “entirely unjust.” In a previous statement, she revealed that Gambaryan was detained unlawfully after being invited to Nigeria under false pretences for a meeting.

The legal battle dates back to earlier this year when, in April, Justice Emeka Nwite of the Federal High Court, Abuja, ruled that Gambaryan should remain in custody at Kuje prison while awaiting the outcome of his bail application.

This situation has escalated since February, when Gambaryan and a fellow Binance executive, Nadeem Anjarwalla, were arrested by Nigerian authorities. Anjarwalla, who is currently at large, along with Gambaryan, faces charges related to money laundering and terrorism financing.

The case has attracted significant attention both within Nigeria and internationally, raising concerns about legal procedures and treatment of foreign nationals in Nigerian custody.

Business

OPay Introduces New Security Features for Customers

Published

1 day ago

June 29, 2026

Ese Ohwofa

Nigerian fintech company OPay has introduced new security features to improve the safety of its application.

The company unveiled the Emergency Lock and Safety PIN features to give customers better control over their funds and provide added protection against fraud and unauthorized transactions.

The Emergency Lock feature allows customers to instantly freeze their OPay account with a single tap whenever they sense a threat or believe their account may be at risk.

The newly launched Safety PIN introduces an additional layer of security, helping customers protect themselves in situations where they may be forced to make a transfer or payment against their will.

Business

Nigeria’s Agricultural Sector Cannot Thrive Without Investment – FG

Published

6 days ago

June 24, 2026

Ese Ohwofa

The Federal Government of Nigeria has spoken on the agriculture sector of the country and shared that, in its current state, it needs more capital as it cannot stand alone without it.

They stated that even more capital will be needed in order to transform the agricultural sector and improve food production in Nigeria.

“Relying solely on public capital will not suffice to finance the transformation of Nigeria’s agricultural sector. Similarly, private capital will not be mobilised at the necessary scale unless the associated risks are comprehensively understood, appropriately allocated, and effectively managed.”