US Congress says Nigeria ‘wrongfully detaining’ Binance exec to ‘extort’ exchange, initiates legislation to free him – CryptoSlate

Posted: July 14, 2024 at 2:39 am


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The US House of Representatives introduced a resolution urging Nigeria to release Tigran Gambaryan, a former federal agent and Binance employee who has been detained in the country since February.

Representatives Rich McCormick and French Hill submitted the resolution on July 11.The document emphasizes Gambaryans service as a federal agent and his role in recovering over $4 billion in illicit funds.

At the time of his detention, Gambaryan was serving as Binance Holdings Limiteds Head of Financial Crime Compliance.

Gambaryan traveled to Nigeria on Feb. 26 for high-level meetings regarding Binances compliance issues amid the countrys challenges with increased adoption of crypto via peer-to-peer markets, which indirectly caused a steep devaluation in the naira.

According to the resolution, the meetings became hostile, leading to Gambaryans detention without due process. Nigerian authorities held Gambaryan in a government-owned house for five days, preventing him from contacting his family, company, attorneys, or the US Department of State.

Despite a court order limiting his detention to 14 days, Nigerian officials continued to hold him without legal basis from March 12 to April 5, at which point authorities charged Gambaryan with charges including tax evasion and money laundering.

Gambaryan was subsequently transferred to Kuje Prison, known for its harsh conditions and housing members of Boko Haram. The Department of States 2023 human rights report documented significant abuses in Nigerian prisons, raising concerns about Gambaryans treatment.

The resolution claims Nigeria is wrongfully detaining Gambaryan to extort Binance, citing statements from Nigerian Information Minister Mohammed Idris.

It adds that efforts to secure Gambaryans release have faced numerous obstacles, including intentionally delayed proceedings and denial of bail requests.During his detention, officials have not allowed him to speak privately with his attorneys or family.

According to the document, a congressional delegation visited Gambaryan on June 20 and expressed extreme concern over his condition.

The resolution further details that Gambaryans health has deteriorated due to inadequate medical care. He tested positive for malaria and collapsed in court on May 23, yet authorities delayed his hospital treatment. Although a judge ordered his hospitalization, officials returned him to prison after a brief visit.

The resolution calls on the US government to take immediate action to secure Gambaryans release, recognize his wrongful detention, and ensure he receives full consular and medical access while in detention.

The House resolution demands Nigeria uphold due process and human rights for Gambaryan and all political prisoners and expresses solidarity with his family during this challenging time.

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US Congress says Nigeria 'wrongfully detaining' Binance exec to 'extort' exchange, initiates legislation to free him - CryptoSlate

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July 14th, 2024 at 2:39 am

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