{"id":326040,"date":"2024-06-06T07:34:56","date_gmt":"2024-06-06T06:34:56","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=326040"},"modified":"2024-06-06T07:34:56","modified_gmt":"2024-06-06T06:34:56","slug":"us-lawmakers-accuse-nigeria-of-holding-binance-executive-hostage","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/06\/06\/us-lawmakers-accuse-nigeria-of-holding-binance-executive-hostage\/","title":{"rendered":"US Lawmakers Accuse Nigeria of Holding Binance Executive Hostage"},"content":{"rendered":"<ul>\n<li><strong>Sixteen Republican congressmen urged President Biden to intervene for Tigran Gambaryan&#8217;s release, citing baseless charges and extortion attempts<\/strong><\/li>\n<li><strong>Nigerian authorities deny wrongful detention, accusing Gambaryan of tax evasion; concerns grow over his health and well-being<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>US lawmakers have accused Nigeria of detaining Tigran Gambaryan, an executive at <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/05\/08\/reps-to-probe-binance-executive-escape-from-custody\/\">Binance Holdings Ltd<\/a>., and are urging President Joe Biden to intervene for his release. Gambaryan, a US citizen and head of financial crime compliance at Binance, has been held in Abuja since April 2024.<\/p>\n<p>Sixteen Republican congressmen, including Michael McCaul, chairman of the House Foreign Affairs Committee, wrote to Biden on June 4. They requested that Gambaryan&#8217;s case be referred to the Office of the Special Presidential Envoy for Hostage Affairs, arguing that the charges against him are baseless and amount to coercion to extort Binance.<\/p>\n<p>&#8220;The charges against Mr. Gambaryan are baseless and constitute a coercion tactic by the Nigerian government to extort his employer. Following these charges, Mr. Gambaryan qualifies as a \u2018U.S. Citizen wrongfully detained by a foreign government\u2019,&#8221; the lawmakers stated in their letter.<\/p>\n<p>The confrontation between Nigeria and Binance began in February when Nigerian authorities detained Gambaryan and a colleague during a visit to discuss compliance issues. The colleague managed to escape, but Gambaryan was held.<\/p>\n<p>&#8220;After two rounds of meetings, which were described as starting professional and then becoming increasingly hostile, the government of Nigeria took Mr. Gambaryan hostage,&#8221; the lawmakers wrote.<\/p>\n<p>However, Nigerian Information Minister Mohammed Idris denied that Gambaryan had been wrongfully detained. He asserted, &#8220;Nobody is being kept outside our laws, and nobody\u2019s life is in danger. They have committed a crime.&#8221;<\/p>\n<p>Gambaryan was initially held at a guest house before formal charges were brought against him and Binance in an Abuja court in April. He is accused of non-payment of value-added and corporate income taxes and complicity in aiding customers in evading taxes through Binance&#8217;s platform.<\/p>\n<p>The lawmakers expressed grave concern for Gambaryan&#8217;s well-being, noting that he last appeared in court on May 23 but was too ill to proceed, leading to an adjournment until June 20.<\/p>\n<p>&#8220;Mr. Gambaryan\u2019s health and well-being are in danger, and we fear for his life. Immediate action is essential to ensure his safety and preserve his life,&#8221; they said. The letter was also addressed to US Secretary of State Antony Blinken and Roger Carstens, special presidential envoy for hostage affairs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sixteen Republican congressmen urged President Biden to intervene for Tigran Gambaryan&#8217;s release, citing baseless charges and extortion attempts Nigerian authorities deny wrongful detention, accusing Gambaryan of tax evasion; concerns grow over his health and well-being US lawmakers have accused Nigeria of detaining Tigran Gambaryan, an executive at Binance Holdings Ltd., and are urging President Joe [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":326046,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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