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Joe Biden also phoned the Nigerian President, Bola Tinubu to thank him for the release of Binance exec Tigran Gambaryan. U.S. President Joe Biden expressed gratitude to Nigerian President Bola Tinubu for withdrawing criminal cases against Tigran Gambaryan. Last year, Gambaryan’s health declined while he was in Nigeria’s Kuje Prison, and American legislators demanded to intervene immediately. Biden and Tinubu talked about deepening cooperation between the US and Nigeria in areas of policing, and regulation of Bitcoin.
US President Joe Biden has thanked Nigerian President Bola Tinubu and the Government of Nigeria for dropping dismissed criminal charges against Tigran Gambaryan, Binance’s Head of Financial Crimes Compliance.
Gambaryan, a US citizen, was arrested in February while he was in Nigeria on business, and was later charged with money laundering $35.4 million and failing to pay tax on the same sum, charges which both Gambaryan and Binance have shouted down.
Joe Biden Thanks Tinubu on Partnership, Binance Exec’s Release
On Tuesday, US President Joe Biden telephoned Nigeria’s President Bola Tinubu to thank him for the release of detained American of Binance Tigran Gambaryan. The White House made a statement that President Biden … commended Tinubu on leadership that led to the release of Gambaryan.
Gambaryan is the head of the financial crime compliance division at Binance which Nigeria detained his person for eight months after the arrest. They claimed he used Binance to move and hide money, which is a form of tax evasion. The Nigerian government responded that these actions were devaluing the naira.
Both cases against him have been dismissed, and although arrested several months ago on terrorism charges he was eventually released on humanitarian bail. That does not mean, however, that Binance has gotten away scot-free; the company lost millions of dollars in trading and thousands of users muted their social media accounts after the hack. It has been claiming separately from Nigeria over tax evasion charges.
Joe Biden’s call was also reacted to by Nigeria’s foreign affairs minister, Yusuf Tuggar, who acknowledged that Biden called to speak with Buhari for about 30 minutes.
Biden-Tinubu Discuss Crypto, Illicit Finance
Tigran Gambaryan has been in Nigeria’s extremely hazardous Kuje Prison, or actually, he was imprisoned in it. They said he suffers from malaria, pneumonia, and tonsillitis and has been a very sick child since he was young. He also suffered complications of a herniated disk that has caused this man partial mobility of his body.
Many of them have prompted the US government to get involved in his case as soon as possible due to the worsening of the condition. Afterwards, the CEO of Binance Richard Teng also added that he was relieved and thankful for the release of Tigran Gambaryan.
On the day Solomon was set free, the US State Department outlined a new bi-national cooperation body for Nigeria and the United States. The emphasis is made on the progress in the case of cryptocurrency regulation and combating financial crime.
The White House asserted that Presidents Biden and Tinubu menace on how the relationship between the United States of America and Nigeria was important. They paid especially much attention to correcting worldwide problems, increasing safety and realizing successful growth in many spheres. At the same time, Biden also realized a number cooperation of justice.
