The US government is intensifying its attempts to secure the release of Tigran Gambaryan, a Binance executive who has been imprisoned in Nigeria since February 2024.
Reports indicate that Gambaryan’s health has drastically deteriorated during his detention, prompting US officials to push for his release on humanitarian grounds. Gambaryan faces serious money laundering and tax evasion charges in Nigeria. His arrest occurred during a visit for Binance operational meetings in February 2024.
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The crisis has become a focal point in US-Nigeria relations, with high-level discussions ongoing between American diplomats and Nigerian officials.
Rising Diplomatic Pressure
US Secretary of State Antony Blinken has personally intervened, voicing concerns to his Nigerian counterpart. US officials have been in talks with numerous high-ranking Nigerian authorities, including the president and finance minister. They emphasize the urgency of Gambaryan’s release due to his severe health problems, which include a ruptured disc and symptoms of malaria. According to his family, inadequate medical attention has led to a rapid decline in his condition.
The urgency of the situation has also spurred American legislators into action. A delegation of US lawmakers visited Gambaryan in prison in June to advocate for his freedom. Yuki, his wife, has publicly expressed her frustrations, stating she would be “extremely offended” if the US government welcomes Nigerian officials while Gambaryan remains in custody.
Binance Exec’s Deteriorating Health
According to reports, Gambaryan, a former American law enforcement officer, is experiencing severe health issues. His condition has worsened due to malaria and the lack of proper medical care. During recent court visits, Gambaryan’s deteriorating health was evident as he reportedly had to use crutches instead of a wheelchair.
Richard Teng, the CEO of Binance, has also called for Gambaryan’s release, criticizing the Nigerian government for detaining him based on what he describes as “baseless claims.” Teng warns that this situation sets a dangerous precedent for global businesses, emphasizing the risks executives may face when operating in foreign markets.
Impact on US-Nigeria Relations
The detention of Gambaryan has strained the historically good relations between the US and Nigeria. US authorities are aware that Gambaryan’s case could impact future diplomatic relations, especially with the upcoming United Nations General Assembly in New York, which Nigerian officials are scheduled to attend.
The situation remains uncertain as the US continues to call for Gambaryan’s release. The combination of health issues, diplomatic efforts, and public outcry may ultimately compel the Nigerian government to reconsider their stance.
The market cap of cryptocurrencies currently stands at $1.99 trillion.
