Nigerian Government Dismisses Binance Executive’s Bribery Claims Against Lawmakers

 The Federal Government of Nigeria has strongly refuted bribery allegations made by Tigran Gambaryan, an executive of Binance Holdings Limited, dismissing them as baseless and unsubstantiated.

In a social media post on Friday, February 14, Gambaryan accused Nigerian lawmakers, including Peter Akpanke and Philip Agbese, of demanding a $150 million bribe in cryptocurrency. He further alleged that National Security Adviser (NSA) Nuhu Ribadu sought “billions in payouts from Binance for political ambition.”

Responding to these claims, Minister of Information and National Orientation Mohammed Idris described Gambaryan’s accusations as “outrageous allegations, misinformation, and defamatory statements.” Idris also disclosed that Nigeria had rejected a $5 million offer from Binance to secure Gambaryan’s release, preferring a more beneficial settlement with the U.S. government.

“The Federal Government of Nigeria is hesitant to engage Mr. Gambaryan, given the high-level diplomatic intervention that resolved his case,” Idris stated. “However, we are obliged to set the records straight to stop his falsehoods from gaining ground.”

Idris clarified that Gambaryan’s first visit to Nigeria was discretionary and that no formal complaints were lodged regarding alleged bribery demands at the time. His subsequent detention in February 2024 was part of an investigation into the alleged manipulation of the Nigerian currency through peer-to-peer trading platforms like Binance.

“The government rejected Binance’s offer of a $5 million down payment in exchange for Mr. Gambaryan’s freedom in favor of a more beneficial settlement with the American government,” Idris added.

Gambaryan was eventually released in October 2024 following high-level diplomatic negotiations. The minister dismissed the Binance executive’s claims as unfounded and an attempt to discredit Nigerian officials.

“It is essential to note that Mr. Gambaryan’s allegations are not only unsubstantiated but also lack credibility,” Idris emphasized, urging the public to disregard the accusations. He assured that both the Nigerian and American judicial systems would provide Gambaryan with a fair platform to substantiate his claims.

The government reiterated its commitment to transparency and justice while warning against the spread of misinformation.