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Binance Accuses Nigerian Officials of Demanding $150m Bribe

Written by on May 8, 2024

Binance has accused some top government officials of demanding $150m in crypto to settle the criminal charge against the firm.

Binance Chief Executive Officer, Richard Teng, made the bribery allegation in a blog post published by the New York Times.

According to the NYT report, Tigran Gambaryan, a compliance officer with the exchange, claimed to have received an unsettling message on a trip to Nigeria in January.

Gambaryan, a former United States law enforcement agent, says he understood the message as a request for a bribe from someone in President Bola Tinubu’s government.

It was gathered that the incident allegedly took place before Gambaryan and a colleague, Nadeem Anjarwalla, were arrested and detained on the orders of the National Security Adviser, Nuhu Ribadu. Anjarwalla subsequently escaped and has been traced to Kenya.

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