NewStats: 3,263,492 , 8,180,329 topics. Date: Friday, 06 June 2025 at 09:08 AM 1j5a5v

The Chief Executive Officer (CEO) of Binance, the world’s largest cryptocurrency trading platform, Richard Teng, has labelled the detention of the company’s executives in Nigeria as a “dangerous precedent” for companies globally. has labelled the detention of the company’s executives in Nigeria as a “dangerous precedent” for companies globally.

Teng, who spoke to Reuters on Tuesday, said it was time to break the silence on the ongoing detention of Tigran Gambaryan, a U.S. citizen and Binance head of financial crime compliance.

Binance and two of its executives, Gambaryan and Nadeem Anjarwalla, are facing individual trials on charges of tax evasion and money laundering, which the firm is challenging.

Anjarwalla escaped a lawful custody, and “fled Nigeria using a smuggled port”, the office of Nigeria’s National Security Adviser said in a statement.

On his part, Binance CEO said the executives first held meetings with Nigerian authorities in the country in January 2024.

He said on February 26, the Nigerian authorities at a follow-up meeting said the issues involving Binance were of national security and demanded that the exchange delist the naira currency from its platform and provide “granular-level” details on all Nigerian s.

“To invite a company’s mid-level employees for collaborative policy meetings, only to detain them, has set a dangerous new precedent for all companies worldwide,” Teng said, in his strongest comments yet since the case started in February.

Teng stated that Gambaryan had been detained in Nigeria for over two months “on dubious ground"



In early March, Binance declared that it was halting all transactions and trading in naira.

“Our hope when we took this drastic step was that our colleagues would be released and Binance could continue to work with the Nigerian government to resolve any further concerns. Unfortunately, that didn’t happen,” said Teng.

He stated that Gambaryan should be permitted to return home while Binance and Nigerian authorities settle any disputes.

https://nairametrics.com/2024/05/07/nigeria-setting-dangerous-precedent-for-global-companies-by-detaining-our-executives-binance-ceo/

Some member of the house of representatives meet with binance excecutives in Nigeria, after the meeting their agents ask for bribes in cryptocurrency.

According to binance ceo blog, binance executives met with Honourable Peter Akpanke(PDP), the Honourable Philip Agbese(PDP), and the Honourable Peter Aniekwe(LP), as well the clerk of the house.

After the meeting, an agent of these law makers ask for bribes in cryptocurrency to make the case go away.

codwyha:
The presdent here is not known for obeying rules like that.

What precedent did America set by convicting their founder?

Is the detention not on a valid court order, yet you feel the need to run down your country?

Binance should have told the American government the same thing

StOla:


What precedent did America set by convicting their founder?

Is the detention not on a valid court order, yet you feel the need to run down your country?

Keep ing evil.

You invite mid level employees for a meeting, they attend and they got detained. Keep cheering this nonsénse, while you jump from country to country and plane to plane looking for investors.

You think they don't do their research before throwing their millions? Ride on boy.

What does the average ronu er know about legit business. Their own is just to be insulting someone whose level they can never attain in their lifetime. Simply because that level of influence is not meant for degenerates

Kingsmeal:


Keep ing evil.

You invite mid level employees for a meeting, they attend and they got detained. Keep cheering this nonsénse, while you jump from country to country and plane to plane looking for investors.

You think they don't do their research before throwing their millions? Ride on boy.

Read the binance ceo blog

he wrote that In early December 2023, Binance received a letter from the Chairman of the House Committee on Financial Crimes (HCFC) requesting that we appear at a public investigative hearing in less than two weeks.

Ultimately, through informal channels, we managed to agree with the Committee that the hearing should be rescheduled to 10 January 2024, to provide a realistic timeline to prepare and send a delegation of Binance employees with expertise on the issues that were important to discuss.

https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is-innocent-and-must-be-released-3634612934164622056

Kingsmeal:


Keep ing evil.

You invite mid level employees for a meeting, they attend and they got detained. Keep cheering this nonsénse, while you jump from country to country and plane to plane looking for investors.

You think they don't do their research before throwing their millions? Ride on boy.

Keep running down your own country to please those who are only after profit of their business and that of their employers.

America did what is good for America, just as Nigeria is doing what is good for Nigeria.

Binance and it's goal to make profit, cannot be more important than America or Nigeria economic stability.

Immense shame on you and your traitorous lineage.

It is not by force to be patriotic, but to always seek out ways to destroy your country, then you are an enemy of the state.

Nigeria is a criminal enterprise that think it's a country. It's a kidnapping centre of the world.

They kidnapped two innocent people

Why Bomb Gaza and Iran when US and any other super powers can bomb Nigeria to pieces to make the world a better place

It's better for our currency.

StOla:


Keep running down your own country to please those who are only after profit of their business and that of their employers.

America did what is good for America, just as Nigeria is doing what is good for Nigeria.

Binance and it's goal to make profit, cannot be more important than America or Nigeria economic stability.

Immense shame on you and your lineage.

See who is talking about running down a country.

You think we have forgotten what you guys did in 2012?

Obviously, you were a kid then. My bad

Ok

Hmmm....

Gerrarahia

Kingsmeal:


See who is talking about running down a country.

You think we have forgotten what you guys did in 2012?

Obviously, you were a kid then. My bad

You are really even proud to it you are ing Binance that is a foreign entity over your own country because of local political differences because those in the political opposition duly protested against subsidy removal?

Chai!

Shame on your whole community.

After detaining them, you still tour around the world telling companies to come and invest in your country.

Like one man rightfully put it, if your economy is doing well, you don't have to beg anyone to come and invest in your country. Na you dem go dey find come! Investors are always looking for places to invest in.

StOla:


You are really even proud to it you are ing Binance that is a foreign entity over your own country because of local political differences?

Chai!

Shame on your whole community.

Shut up already and use your fk'in head for once.

You cannot arrest the employee of a company for the crimes of the company.

Not everything should be politics. Common sense should prevail at all times!

Tah!!!

codwyha:
The presdent here is not known for obeying rules like that. We'll be having these type of incidents at least till he's gone.

Defend your country for once. The same company chief executive is already sentenced to jail.in America. His friend escape from jail in Nigeria and you want govt to release him. He is flight risk.
He is not a citizen of Nigeria. That is how it been played all over the world. If you are not a citizen of a country and you committed an offence , you will held in prison till your case is finished.
Take Ekweremadus case for example. He was not itted to bail.i. UK because he is not a citizen. Why don't you question UK for doing that. But to you anything Nigeria govt do is Bad. Stand up for your country for once. We don't have any other country

yoniehuin:
Some member of the house of representatives meet with binance excecutives in Nigeria, after the meeting their agents ask for bribes in cryptocurrency.

According to binance ceo blog, binance executives met with Honourable Peter Akpanke(PDP), the Honourable Philip Agbese(PDP), and the Honourable Peter Aniekwe(LP), as well the clerk of the house.

After the meeting, an agent of these law makers ask for bribes in cryptocurrency to make the case go away.

.

F you

We have been saying this all along

Krankhead:
Defend your country for once. The same company chief executive is already sentenced to jail.in America. His friend escape from jail in Nigeria and you want govt to release him. He is flight risk.
He is not a citizen of Nigeria. That is how it been played all over the world. If you are not a citizen of a country and you committed an offence , you will held in prison till your case is finished.
Take Ekweremadus case for example. He was not itted to bail.i. UK because he is not a citizen. Why don't you question UK for doing that. But to you anything Nigeria govt do is Bad. Stand up for your country for once. We don't have any other country

That guy is shameless.

A Nigerian Senator is languishing in a UK jail for breaking the laws of that country.

APC think oyibo are fools. Foolishness doesn't build a country to their standard. See UAE of yesterday, that's where tilumbu ran to on his knees begging for 'foreign investor'

So that when they come with their money and open company in nigeria you will wake up tomorrow and arrest them abi?

Clowns 🤡

SmartPolician:
After detaining them, you still tour around the world telling companies to come and invest in your country

Those 2 actions are not mutually exclusive.

What about the USA that jailed the real founder of your company inko ?

The USA is to big for you to talk about ? No be dem first jailed una founder ? Not even detained am ?
Nonsense 😡😡😡

Mynd44:
Binance should have told the American government the same thing

They know the country where some citizens wish nothing good for their country once their preferred candidate is defeated at the polls.

America prosecuted Cz not hold him indefinitely. The binance executive should be tried in a law court, not hold them indefinitely.

Nigerian law requires holding suspect for 48hrs then prosecute

StOla:


What precedent did America set by convicting their founder?

Is the detention not on a valid court order, yet you feel the need to run down your country?

Say what you like Binance man.

Your employees will go through the normal legal process here.

If they are found guilty of a crime, they will be convicted, and depending on the Judge, they will be liable to fines or time in prison.

There's nothing your crooked, money laundering company will be able to do about it.

Nigeria - BIG and STRONG! Though a little hungry.

Ah ah ah.