Nigerian government has issued a statement urging the public to dismiss allegations made by Tigran Gambaryan, a Binance compliance officer detained in the country, describing his claims as “falsehoods” designed to mislead. Gambaryan, who faces charges of tax evasion and money laundering, has accused Nigerian officials of coercion during negotiations, including demands for access to sensitive user data and cryptocurrency transactions. The government has categorically denied these assertions, labeling them as unfounded and part of a strategy to deflect accountability.
Authorities reiterated their stance that Binance operated illegally in Nigeria without proper licensing, contributing to economic instability through unregulated forex transactions. The case has drawn international attention, with Gambaryan’s legal team and U.S. officials questioning the validity of the charges and the conditions of his detention. The government maintains that its actions are rooted in enforcing financial regulations and safeguarding national interests.
Meanwhile, the legal proceedings continue, with Gambaryan’s trial adjourned multiple times amid debates over jurisdiction and due process. The situation underscores broader tensions between global cryptocurrency platforms and national regulatory frameworks, particularly in emerging markets like Nigeria. Observers speculate the outcome could influence future crypto policies and Nigeria’s reputation as a destination for fintech investment.
The government’s statement concluded by emphasizing its commitment to lawful processes and transparency, urging stakeholders to await judicial conclusions rather than rely on “unverified narratives.” The case remains unresolved, with diplomatic and legal efforts ongoing behind the scenes.
The Nigerian Government Statement
“The Federal Government of Nigeria notes with concern the outrageous allegations, misinformation, and defamatory statements being disseminated by Tigran Gambaryan, an American personnel of Binance who was recently tried in Nigeria for financial crimes.
While the Federal Government of Nigeria is hesitant to engage Mr. Gambaryan, given the high-level diplomatic intervention that resolved his case, we are obliged to set the records straight to stop his falsehoods from gaining grounds.
The first visit by Mr. Gambaryan and his colleagues to Nigeria was discretional on their part and Government was not officially involved. However, when the attention of the Government was called to an alleged bribery demand during that trip an investigation was immediately opened into it though there was no formal complaint by anyone.
Mr. Gambaryan’s second visit to Nigeria was part of a wider probe into the criminal manipulation of the Nigerian currency through peer-to-peer platforms like Binance, but investigators were frustrated by the tactics deployed by Gambaryan and his team.
Mr. Gambaryan was released by the Nigerian government in October 2024 on humanitarian grounds and following a high-level diplomatic intervention that ended with tangible benefits for Nigeria. The government rejected Binance’s offer of a $5 million down payment in exchange for Mr. Gambaryan’s freedom, in favour of a more beneficial settlement with the American government.
We categorically deny the retaliatory claims made by Mr. Gambaryan against Nigerian officials involved in his case, and we urge the public to disregard these false accusations in their entirety.
It is essential to note that Mr. Gambaryan’s allegations are not only unsubstantiated but also lack credibility, given his apparent motive to discredit and intimidate those who ensured he faced justice.
However, we are confident that both the Nigerian and American judicial systems will provide Mr. Gambaryan with a fair opportunity to substantiate his claims in court. Until then, we advise the public to exercise caution and not be swayed by Mr. Gambaryan’s unfounded and malicious claims.”
Mr Gambaryan response
“Maybe you should take the time to get your facts straight before posting. I was invited by the Nigerian FIU to a meeting in January. Last time I checked, they are part of the Nigerian government. House members also invited us to the meeting. Last time I checked, the legislative branch is also part of the Nigerian government.
You said the second part was part of a probe? Lol. So when you invited us to a friendly meeting, you even lied about that?
A tactic deployed by Gambaryan and his team? What are you talking about? I was in a safe house for a month, watching TV, while you were trying to use me as leverage. You then panicked and knowingly charged me with blatantly false accusations.
So I was released on humanitarian grounds? At least you’re finally admitting the need to release me. Last time you posted, you claimed my health was fine and that there was nothing wrong with me.
You investigated? Yet you didn’t take a statement from me? A person with direct knowledge. What a joke.
You dragged my name through the mud for the past year with zero evidence against me, nearly killed me, and caused trauma to my family. And now you have the nerve to talk about defamation?
I’ll put my credibility on the line anytime. In court? You mean like last time, when your attorneys didn’t even show up to the human rights suit in Abuja?
Get your facts straight. I am done with this foolishness. I said my part. I’ll be off twitter now since it’s pointless to argue with evil.”