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Binance Executive Hits Back, Insists On Bribery Allegations
Tigran Gambaryan, the Binance executive, insists Nigerian officials demanded bribe from him despite the denial of the federal government.
Gambaryan, who serves as Binance’s head of financial crime compliance, was detained in Nigeria from February to October 2024.
According to the federal government, his arrest was part of a broader investigation into alleged money laundering and economic destabilisation attributed to Binance’s activities in Nigeria.
Recounting his experience in a post on X, formerly Twitter, Gambaryan alleged that certain Nigerian lawmakers demanded substantial bribes in cryptocurrency. He accused three lawmakers of soliciting a $150 million bribe.
Additionally, he claimed that Nuhu Ribadu, the national security adviser, sought significant payouts from Binance for his political ambition.
In response, Mohammed Idris, Nigeria’s minister of information and national orientation, dismissed Gambaryan’s allegations as “outrageous” and “defamatory”.
Idris said the Nigerian government had rejected a $5 million offer from Binance intended to secure Gambaryan’s release, opting instead for a more favourable settlement with the US government.
He said Gambaryan’s claims lack credibility and appear to be an attempt to discredit Nigerian officials.
Reactjng in another statement on his X handle, the Binance official said the federal government used him as leverage to negotiate a beneficial settlement with the US government.
“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,” he said.
“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?
“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.”
Boko Haram terrorists are holding authorities in some communities in three local government areas of Borno State, according to Senator Ali Ndume.
The Borno South lawmaker said this on Friday when he was featured on Channels Television’s Politics Today.
According to him, there are no civil authorities in those areas, which he said are being governed by the terrorists.
“Yes, three,” he said on Friday’s edition of the show when asked if areas are being governed by the Boko Haram terrorists in the North-East state.
“What we are saying is that there is no civil authority there, and the authority is Boko Haram,” the Borno South Senator said.
He listed the areas as “Gudumbali (in Guzamala LGA), Marte, and Abadam”.
“None,” he said when asked if there are civil authority in these areas.
Senator Ndume said the security agencies are not properly equipped to tackle the insurgency, which he decried is beginning to fester in the North-East state.
His comment came days after the Borno State Governor, Babagana Zulum, decried the rising spate of insecurity in the area.
The governor said the state is losing ground in the fight against Boko Haram, asking for help.
“As I address this important gathering today, it is unfortunate that the renewed Boko Haram attacks and kidnappings in many communities almost on a daily basis without confrontation signalled that Borno State is losing ground,” the governor said, a fact Ndume agrees with.
During the show, the vocal lawmaker of the ruling All Progressives Congress (APC) said there have been hundreds of attacks in Borno State since the beginning of the year.
“From November last year till date, there were over 250 attacks in the state, and somebody is saying we should ignore the governor,” the APC chieftain said.
“We have lost more than 100 soldiers, nearly 300 civilians even though our soldiers gallantly killed 800 of those terrorists within this period.”
“It is like a stagnated situation,” he said about the state of security in the country, arguing that President Bola Tinubu should declare a state of emergency on security, the welfare of the citizens, and the economy.
….He remains adorable figures in the north
Senator Ali Ndume has asked President Bola Ahmed Tinubu to be worried if ex-President Muhamamdu Buhari is not on his side.
Speaking during an interview on Channels TV’s Politics Today, the lawmaker said although Buhari has just one vote, he remains an adorable figure in Northern Nigeria.
Ndume spoke after former Vice-President Atiku Abubakar led key opposition figures to Buhari’s residence in Kaduna, on Friday.
The senator said he was also planning a visit to Buhari.
He said, “Buhari’s followership has diminished naturally because it is different when you are not in power and after spending like eight years in power. Of course his popularity, everything has diminished, it is natural, but you can’t write him off especially with the Northern masses. The followership of Buhari has been occultic. You cannot explain it.
“If Buhari is coming here now, you will see people rushing to see. Everybody including those in the vegetable market will rush here. Buhari is still with the Talakawas
“Tinubu should be worried if Buhari is not on his side. Every number counts and Buhari has one vote. Tinubu should also be worried about my position. Because I have one vote for him. He does not have a vote for me.”
Elanza News learnt that there were concerns over the potential exit of the Congress for Progressive Change (CPC) bloc from the APC.
This was amplified following a recent meeting between former Buhari and APC governors.
The visit, which took place on Monday in Kaduna, was initially perceived as a routine courtesy call but has since sparked speculation about its deeper purpose.
It was gathered that the governors reportedly sought Buhari’s intervention to halt defections from the party, particularly by key members of the CPC bloc.
The governors’ appeal reportedly arose from growing concerns about potential defections ahead of the 2027 general elections. The defunct CPC, a key bloc within APC, remains highly influential, with Buhari regarded as its central figure.
There are fears within APC that the exit of this bloc could spell disaster for the party on a national scale.
The Monday meeting took place amid a wave of defections by Buhari’s allies from APC to SDP. Former Kaduna State governor, Nasir El-Rufai was the first to publicly announce his departure, claiming he had secured Buhari’s blessing before leaving the party.
Several former ministers who served in Buhari’s cabinet are also reportedly finalising plans to join the SDP, and in Buhari’s home state of Katsina, numerous APC members have already defected to the SDP.
The CPC, founded in 2009, merged in February 2013 with the Action Congress of Nigeria (ACN), a faction of the All Progressives Grand Alliance (APGA), and the All Nigeria Peoples Party (ANPP) to form what is now known as the APC.
Elanza News gathered that the governors feared Buhari’s enduring cult-like followership in the North could become a major liability for APC if he backs his CPC associates. His bloc vote, they feared, could be catastrophic for the party in 2027.
It was gathered that the governors specifically urged Buhari to dissuade his CPC associates from leaving APC. However, the former president reportedly declined to make any such commitment.
While reaffirming his loyalty to APC, he insisted that others must be allowed to make their own political choices—a principle he said he has upheld throughout his political career.
Meanwhile, Buhari has said he remains a committed member of the ruling APC.
In a statement by Garba Shehu, his spokesman, Buhari was quoted to have said after Wl-Rufai’s defection, he would never turn his back on the APCy that gave him the platform to become Nigeria’s number one citizen.
The federal government has constituted a sub-committee to evaluate the potential economic impact of the recent tariff measures announced by the United States government.
The decision followed a meeting of the Economic Management Team (EMT), chaired by Wale Edun, minister of finance and coordinating minister of the economy, according to a statement issued on Friday by Mohammed Manga, director of information and public relations at the ministry.
On April 2, US President Donald Trump announced sweeping global tariffs on all imports into the country, including Nigeria.
A few days later, Edun said Nigeria is well-positioned to withstand global trade disruptions, including the United States import tariffs.
He said plans were underway for possible budget adjustment and prioritisation where possible.
To assess the impact of the tariffs, Manga said the EMT convened earlier in the week with key ministries and agencies to review the fiscal and macroeconomic implications of emerging global trade dynamics.
He said the EMT noted that while Nigeria’s major export — crude oil — has not been directly targeted by the new US tariffs, the policy shift has coincided with a dip in international oil prices, raising concern over potential revenue and budgetary pressures.
“To support evidence-based policymaking, the EMT has established a sub-committee tasked with conducting a detailed review of the direct and indirect economic impacts of both the emerging tariff measures and the global commodity price shifts,” Manga said.
“The sub-committee includes representatives from the ministry of finance, ministry of budget and economic planning, (including budget office of the Federation), and the Central Bank of Nigeria (CBN).”
Manga also said the sub-committee has already held its inaugural meeting and is expected to present its findings to the full EMT without delay.