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Joe Biden Thanks Nigerian President for Help in Releasing Binance Official

Key Takeaways

  • Binance executive Tigran Gambaryan was detained in Nigeria for nearly eight months on charges of tax evasion and money laundering, which were eventually dropped;
  • US President Joe Biden thanked Nigerian President Bola Tinubu for releasing Gambaryan on humanitarian grounds;
  • Gambaryan faced deteriorating health during detention.
Joe Biden Thanks Nigerian President for Help in Releasing Binance Official

After enduring nearly eight months in detention, Tigran Gambaryan, Binance's $24.6B  head of compliance for financial crimes, has been freed by Nigerian authorities.

In a telephone conversation, US President Joe Biden thanked Nigeria's President Bola Tinubu for his role in securing Gambaryan's release on humanitarian grounds.

Gambaryan and his associate, Nadeem Anjarwalla, were apprehended upon their arrival in Abuja on February 26. Their trip aimed to address concerns about Binance's operations and purported irregular transaction activities linked to the cryptocurrency platform. The Nigerian government detained them for suspected financial misconduct.

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Anjarwalla reportedly escaped custody in March, fleeing to Kenya, while Gambaryan remained to face accusations of tax evasion and money laundering.

His extended detention without resolution raised questions about legal due process and his rights as a detainee. During his confinement at Kuje Prison, his health deteriorated, suffering from issues such as pneumonia, malaria, and back pain. In September, a video emerged online showing Gambaryan struggling to walk during a court appearance.

Despite this, authorities consistently postponed hearings and denied bail, expressing concerns over potential flight risks.

By June, charges of tax evasion against both Gambaryan and Anjarwalla were dismissed due to insufficient evidence. The money laundering allegations were subsequently dropped in October. On October 23, Gambaryan was finally allowed to depart Nigeria, reuniting with his loved ones and colleagues.

Gode S. , Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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