Cryptocurrency exchange platform Binance Holdings Limited has expressed its willingness to address any past issues with the Nigerian Government, urging for the release of its detained executive, Tigran Gambaryan. Binance’s call for a resolution comes as Gambaryan faces charges of alleged money laundering in Nigeria.
On Monday, Gambaryan appeared at the Federal High Court in Abuja. His arrival was marked by visible distress as he was denied the use of a wheelchair and had to enter the court on crutches. Gambaryan’s lawyers immediately filed a bail application citing his deteriorating health and restricted access for trial preparation.
However, the Economic and Financial Crimes Commission (EFCC) opposed the bail application, intensifying the legal standoff.
Binance criticized the Nigerian Government’s handling of Gambaryan’s situation, particularly the refusal to provide him a wheelchair during court proceedings.
A spokesperson for Binance, in a statement sent to DAILY POST, highlighted the company’s concern over Gambaryan’s condition. “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,” the statement said.
The company expressed deep concern over the implications of Gambaryan’s detention on his health and called for his immediate release, emphasizing that the company is ready to settle any past disputes through constructive dialogue.
“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,” the statement continued.
Binance pointed to its recent successful resolutions with Brazil and India as examples of how historical disputes can be resolved through dialogue and adherence to international legal standards. The company urged the Nigerian authorities to adopt a similar approach, underscoring the importance of fairness and cooperation in resolving legal matters.
