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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.
It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.
It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.
“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”
The young star has made Nigeria proud by winning the international competition.
President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.
He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”
The President added that the reforms are creating more opportunities for development across the country.
However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.
Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.
He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.
He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”
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