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

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Photo source: Google

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.

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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.

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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.


 

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‘He Was a Giant’ — President Tinubu Mourns Veteran Actor Olu Jacobs

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President Bola Ahmed Tinubu has paid tribute to late Nigerian actor Olu Jacobs, recalling his contributions to the creative industry and his impact on Nigeria’s cultural identity.

In his tribute, Tinubu described Jacobs as a giant of the Nigerian creative industry and said “He was a giant of the Nigerian creative industry. His passing is a great loss to Nigeria, the African film industry and the global community of lovers of the performing arts. His remarkable body of work will continue to speak to generations yet unborn.

“The nation recognises the enormous contributions of Nigeria’s creative practitioners to the country’s cultural identity, global image and economic development. Olu Jacobs played a big role in creating this identity.”


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Deji Adeyanju Demands Action From Tinubu Over Counterfeit Products

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Human rights lawyer and activist Deji Adeyanju has called on President Bola Ahmed Tinubu to declare a state of emergency over the proliferation of counterfeit and substandard drugs and consumer products in Nigeria.

Adeyanju also called for the removal of the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Professor Mojisola Adeyeye, as well as the heads of other regulatory agencies, including the Standards Organisation of Nigeria (SON).

“Nigerians are being exposed to dangerous products daily, from fake and substandard medicines to unsafe consumer goods, with reports of drugs being sold wholesale in the open under the hot sun. No responsible government should expose its citizens to such risks and expect mortality rates not to rise.”

Adeyanju also called out NAFDAC over what he described as failures in regulating the circulation of counterfeit and substandard products in the country.

It can be noted that various counterfeit products continue to circulate in Nigerian markets, while NAFDAC has also reported seizures and destruction of counterfeit, expired and substandard products.

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‘Two Hours on the Road’ — Lagosians Groan Over Kara Bridge Traffic

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Lagosians have lamented heavy traffic caused by ongoing construction work at Kara Bridge along the Lagos-Ibadan Expressway.

The Federal Government announced that repairs on the damaged expansion joints at Kara Bridge would begin on September 8, 2026. The project, initially scheduled to begin in August, was delayed to allow further traffic management planning due to concerns over its impact on motorists.

Since work began, traffic around the Kara area has become heavy, with Lagosians sharing updates on social media about spending two hours or more on the road.

Some commuters say the delays have made their 9-to-5 routines difficult, with several hours spent travelling to and from work.


 

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