Tigran Gambaryan, Binance’s former Head of Monetary Crime Compliance, has brazenly criticized the Nigerian authorities for intentionally scapegoating the alternate for the nation’s financial challenges.
In a Feb. 12 assertion on X, Gambaryan, not too long ago launched from detention in Nigeria, claimed that Nigeria’s Nationwide Safety Advisor (NSA) Nuhu Ribadu focused the alternate as a substitute of addressing corruption allegations involving authorities officers.
He asserted that Ribadu and his associates prioritized pressuring the alternate over investigating allegations of misconduct throughout the authorities.
Gambaryan stated:
“Ribadu was extra involved in shaking down billions from a crypto firm to cowl for awful financial choices than in going after corrupt legislative members.”
The Binance govt additional strongly criticized Ribadu, stating that his actions stripped him of integrity.
Gambaryan stated:
“No matter honor [Ribadu] had is gone. He has introduced disgrace to the badge.”
These remarks mark Gambaryan’s first public feedback since his launch in October 2024. The Nigerian authorities had detained the Binance govt for roughly eight months on cash laundering allegations.
The authorities had additionally blamed Binance for the overseas alternate woes the native Naira foreign money confronted from market manipulation.
Gambaryan’s launch adopted stress from the US authorities and high-level diplomatic discussions, with FBI Director Christopher Wray addressing his case throughout a go to to Nigeria.
Bribery allegations
Gambaryan’s criticism coincides with a latest interview printed by Wired, the place he described his detention in Nigeria as life-threatening. He recounted vital well being deterioration and excessive weight reduction in the course of the ordeal.
The Wired report additionally alleged that Nigerian officers demanded a $150 million bribe to resolve Binance’s regulatory points. The funds had been supposedly requested in crypto and meant for officers’ digital wallets.
Nevertheless, the Nigerian authorities denied these allegations, dismissing them as false and an try to undermine authorized proceedings.
In the meantime, Gambaryan recommended that he reported the bribery try to the NSA and the Financial and Monetary Crimes Fee (EFCC).
He added:
“I already reported this to the EFCC and ONSA. I instructed them a number of occasions.”
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