Binance CEO Asserts Nigeria as a Key Focus
Binance’s CEO, Richard Teng, has expressed concern over the detention of two of the exchange’s employees by the Nigerian government, stating that it sets a dangerous precedent for companies worldwide. Teng revealed in a recent blog post that the employees, Tigran Gambaryan and Nadeem Anjarwalla, were unlawfully detained after being promised safe passage for their meetings in Nigeria. The employees had visited Nigeria earlier this year to discuss crypto regulations and compliance requirements. During their trip, they were approached by unknown individuals who demanded payment to settle allegations. Binance’s legal advisor later received a call from someone claiming affiliation with the Nigerian House Committee on Financial Crimes. Concerned by these developments, the team decided to leave Nigeria immediately, refusing to make any payments. Despite multiple requests, Binance has not been provided with details of the allegations made against it. Teng emphasized that if Nigerian authorities wish to progress on the matter, Gambaryan must be allowed to return home. Gambaryan, who is an American citizen, was arrested alongside British-Kenyan Anjarwalla in February. Anjarwalla allegedly fled the country in March, but was later arrested in Kenya at the request of the Nigerian Bureau of Interpol. Gambaryan remains in custody, awaiting a trial scheduled for May 17.
