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Binance begs FG for settlement

Binance Holdings Limited has expressed its willingness to resolve any alleged past issues with the Nigerian Government, urging the release of its detained executive, Tigran Gambaryan.

Gambaryan, who was arraigned for alleged money laundering at the Federal High Court in Abuja, appeared in court without a wheelchair, relying on crutches despite visible pain.

His lawyers have since filed a bail application based on medical grounds, also citing restricted access to him for trial preparation.

However, the Economic and Financial Crimes Commission (EFCC) opposed the application.

In a statement, Binance condemned the treatment of Gambaryan, expressing concern over his deteriorating health.

The company emphasized that Nigeria does not need to detain Gambaryan for Binance to address any past concerns and called for constructive engagement, as demonstrated by its recent resolutions in Brazil and India. The bail hearing is set to continue on September 4th, 2024.

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