“We want to settle” Binance Begs Nigerian Government

Binance Holdings Limited on Tuesday expressed readiness to “settle any alleged past issue” with the Nigerian Government.

To this end, the cryptocurrency trading platform urged the Nigerian Government to release its detained executive, Tigran Gambaryan.

Tigran Gambaryan, a 39-year-old American who is the head of financial crime compliance at Binance Holding Limited was arraigned at the Federal High Court in Abuja for alleged money laundering on Monday.

Upon appearance, Gambaryan was denied a wheelchair and had to enter the court on crutches, visibly in pain and distressed.

His lawyers had filed a new bail application on medical grounds, as well as alleged restricted access to him for trial preparation.

But the Economic and Financial Crimes Commission, EFCC, opposed the bail application.

The company condemned the decision of the Nigerian Government to deny Gambaryan a wheelchair during Monday’s proceedings.

A statement forwarded to DAILY POST by the spokesperson of Binance said: “A video circulating shows the mistreatment and pain he’s enduring. The judge ordered that Tigran be allowed to use a wheelchair, with the bail hearing continuing on September 4th. We are sharing an official statement from Binance on this matter.

“We are extremely distressed by the video of Tigran in court yesterday. This video is just a snapshot of Tigran’s current reality. His health is rapidly declining and we are deeply concerned about the long term consequences of this unjust detention.

“Nigeria does not need to keep Tigran in order for us to settle any alleged past issues. We continue to implore the Government of Nigeria to let Tigran return home and let us continue in our engagements.

“Our recent resolutions with Brazil and India demonstrate how historical issues can be resolved through constructive dialogue and adherence to legal standards. This is the international standard of doing business.