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Binance Urges Release of Detained Executive Tigran Gambaryan, Offers to Resolve Issues with Nigeria

On Tuesday, Binance Holdings Limited announced its willingness to address and resolve any alleged past issues with the Nigerian Government.
The cryptocurrency trading platform made this declaration in response to the ongoing legal troubles facing its executive, Tigran Gambaryan, who was detained and arraigned at the Federal High Court in Abuja on Monday on charges of money laundering.
Binance has called on the Nigerian Government to release Gambaryan, who appeared in court under distressing conditions.
According to reports, Gambaryan was denied a wheelchair and had to navigate the courtroom on crutches, visibly suffering from pain.
His legal team had submitted a new bail application based on medical grounds and the claim of restricted access for trial preparations.
However, the Economic and Financial Crimes Commission (EFCC) opposed this bail application.
Binance condemned the Nigerian Government’s handling of Gambaryan, highlighting a video circulating online that depicts his mistreatment and suffering.
The company expressed deep concern over his deteriorating health and the impact of his continued detention.
In response to these developments, the judge has ordered that Gambaryan be permitted to use a wheelchair, with a further bail hearing scheduled for September 4.
In its statement, Binance emphasized its commitment to resolving past issues through constructive dialogue, referencing its recent resolutions with Brazil and India as examples of how historical disputes can be settled effectively and legally.
The company stated, “Nigeria does not need to keep Tigran in detention to address any alleged issues.
We continue to urge the Nigerian Government to allow Tigran to return home so we can proceed with our engagements. This aligns with the international standards for business practices and legal resolutions.”
Binance’s appeal underscores its desire for a resolution that respects legal standards and ensures fair treatment, reflecting its broader commitment to addressing regulatory matters through dialogue and legal compliance.
News
US Criticizes Nigerian Governors for Spending Lavishly Despite Hardship

The United States Embassy in Nigeria has raised concerns over the reckless spending habits of several Nigerian governors, accusing them of splurging public funds on luxury projects while citizens battle economic hardship.
On Tuesday, the embassy shared a report highlighting how some state leaders are spending billions on renovating or building lavish government residences and offices, despite the widespread suffering caused by current economic policies.
The report pointed out that while President Bola Tinubu has urged Nigerians to make sacrifices and endure the economic challenges, many governors appear to be doing the opposite.
One example cited was Oyo State, where Governor Seyi Makinde’s administration approved a massive N63.4 billion to renovate the Government House, calling the current structure “an embarrassment.”
In Gombe State, among the poorest in the country, Governor Inuwa Yahaya is spending N14.9 billion on a brand-new official residence, with an additional N14.23 billion going toward a new House of Assembly complex.
Sharing the report via its official X (formerly Twitter) page, the US embassy included remarks from groups advocating for transparency and accountability, noting that this kind of excessive spending undermines public trust and deepens inequality.
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APC Says Tinubu Has Nothing to Fear and Cannot Be Defeated in 2027 Election

The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has declared that President Bola Tinubu is in a strong position ahead of the 2027 elections and has no reason to fear any opponent.
Speaking in Abuja during a visit by the APC League of Professionals to the party’s national headquarters, Yilwatda said the APC is fully prepared to secure victory for Tinubu and all its candidates at every level, from governorship to the state and national assemblies.
He credited the Tinubu administration’s achievements under the Renewed Hope Agenda as a key reason for the president’s growing support. Yilwatda highlighted initiatives such as the student loan programme, which he said has made higher education more accessible to children from poor families.
“For the first time in Nigeria’s history, the poorest child can now go to school without borrowing from anyone. That opportunity has been created by this government,” he said. He also pointed to a government-backed N1.5 billion investment into the Bank of Agriculture to support young Nigerians interested in farming, saying the administration is creating real opportunities for citizens.
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Atiku Says Opposition Coalition Is to Protect Nigeria Not Fight Tinubu

Former Vice President Atiku Abubakar has explained the reason behind the formation of the new opposition coalition led by the African Democratic Congress (ADC). According to Atiku, the coalition was created to defend Nigeria’s democracy from what he sees as growing authoritarian tendencies and the manipulation of elections under the current ruling party.
He emphasized that the alliance is not about political heavyweights like himself, Peter Obi, Rotimi Amaechi, or Nasir El-Rufai battling for the 2027 presidency, but about safeguarding the country’s democratic future.
Atiku made it clear that the movement isn’t aimed at attacking President Tinubu, but rather focused on putting Nigeria first. “This isn’t about fighting Tinubu,” he said. “It’s about protecting democracy and making sure Nigerians come first.”
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