The Nigerian government on Friday dismissed the claims by Binance’s Head of Financial Crime, Tigran Gambaryan, who spent eight months in a Nigerian detention facility over alleged corruption.

Political Economist NG recalls that Gambaryan, a U.S. citizen, was recently tried in Nigeria for cyber financial crimes. He was released by the Nigerian authorities following intervention by the United States government.

But in his expletive X post, the Binance chief alleged that some Nigerian politicians demanded bribe from him to ease his burden

He claimed that his arrest by the Nigerian government made former US President Joe Biden avoid a meeting he planned to have with President Bola Tinubu during the 2024 UN General Assembly (UNGA).

He also blamed National Security Adviser Nuhu Ribadu for the situation and said the US government also reduced the size of the Nigerian delegation that could attend the annual global assembly, while alleging that three Nigerian lawmakers allegedly demanded a bribe of $150m from him.

But in a strong rebuttal, the Federal Government urged the public to disregard the allegations. Minister of Information and National Orientation, Mohammed Idris, described Gambaryan’s claims as a deliberate misinformation campaign.

The minister said in  statement: “The Federal Government of Nigeria notes with concern the outrageous allegations, misinformation, and defamatory statements being disseminated by Tigran Gambaryan, an American personnel of Binance who was recently tried in Nigeria for financial crimes.

“The government rejected Binance’s offer of a $5 million down payment in exchange for Mr. Gambaryan’s freedom, in favour of a more beneficial settlement with the American government.”

On Gambaryan’s claims of bribery, the minister said that his initial visit to Nigeria was entirely discretionary and not sanctioned by any government entity.

According to him, an investigation was promptly initiated after the alleged incident was brought to the government’s attention.

“The first visit by Mr. Gambaryan and his colleagues to Nigeria was discretional on their part and the government was not officially involved.

“However, when the attention of the government was called to an alleged bribery demand during that trip, an investigation was immediately opened into it though there was no formal complaint by anyone,” he stated.

The Federal Government detained Gambaryan and his colleague, Nadeem Anjarwalla, a 37-year-old British Kenyan who serves as the regional manager for Africa at Binance.

Both were charged with money laundering involving $35 million, as initiated by the Economic and Financial Crimes Commission but Anjarwalla was aided to escape from custody on March 22, 2024.