FG Dismisses Binance Chief Tigran Gambaryan’s Allegations, Calls Them Baseless & Malicious

The Federal Government of Nigeria has strongly refuted the allegations made by Tigran Gambaryan, a Binance executive recently tried in the country for financial crimes. In a press statement issued by the Minister of Information and National Orientation, Mohammed Idris, the government described Gambaryan’s claims as “outrageous, unsubstantiated, and defamatory.”

According to the statement, Gambaryan and his colleagues first visited Nigeria on their own accord, without any official government involvement.

However, when reports emerged of an alleged bribery attempt during their trip, an investigation was promptly launched, despite the absence of a formal complaint.

The government clarified that Gambaryan’s second visit was linked to a broader probe into the manipulation of Nigeria’s currency via peer-to-peer trading platforms like Binance. However, investigators reportedly faced resistance from Gambaryan and his team, frustrating efforts to uncover critical information.

While Gambaryan was released in October 2024 after a high-level diplomatic intervention, the government emphasized that his release was granted on humanitarian grounds. It also disclosed that Nigeria rejected Binance’s $5 million offer to secure Gambaryan’s freedom, opting instead for a more beneficial settlement with the U.S. government.

Dismissing Gambaryan’s accusations against Nigerian officials as retaliatory and lacking credibility, the government urged the public to disregard them.

The statement reiterated confidence in the Nigerian and American judicial systems, asserting that due process would allow Gambaryan to substantiate his claims if they held any merit.

The government concluded by cautioning the public against being misled by Gambaryan’s assertions, emphasizing that justice had been served in the matter.