World Crypto Global
- Written by: Tareq Sikder
- Wed, 08 May 2024
- Israel
In a rebuttal against accusations of bribery levelled byBinance Holdings Ltd, Nigeria has refuted claims made by the cryptocurrencyfirm, dismissing them as a diversionary tactic. The West African nation hasbeen involved in a boisterous saga with Binance.Binance's Allegations of Bribery inNigeriaThe rift deepened following a blog post penned by Binance'sChief Executive Officer, Richard Teng, alleging coercive demands for a"secret" payment to resolve issues within Nigeria. Teng's revelationignited a firestorm, casting a shadow over the already strained relationshipbetween Binance and Nigerian authorities.The alleged bribery attempts purportedly occurred during ameeting between Binance representatives and Nigerian officials in Abuja earlierthis year. Teng claimed that Binance staff were accosted by unidentifiedindividuals post-meeting, soliciting a significant cryptocurrency paymentwithin 48 hours to ostensibly quell criminal allegations.Binance Says It Was Asked for Secret Payment Over Nigeria Woes.As our employees were leaving the venue, they were approached by unknown persons who suggested to them to make a payment in settlement of the allegations Binance CEO, Richard Teng.Later that day, Binances pic.twitter.com/exeWlbEF9g Instablog9ja (@instablog9ja) May 7, 2024Teng made false allegations of bribery against unidentifiedNigerian government officials who he claimed demanded $150 million incryptocurrency payments to resolve the ongoing criminal investigation againstthe company, the Ministry of Information spokesman Rabiu Ibrahim said. Thisclaim by Binance CEO lacks any iota of substance. It is nothing but adiversionary tactic.Binance Employee Detained in Nigeria Faces Multiple ChargesTigran Gambaryan, a Binance employee, remains in custodyfacing charges of tax evasion, currency speculation, and money laundering,following his colleague's escape. The trial for Gambaryan is set to commencethis month, adding fuel to the ongoing legal skirmish.Binance's entanglement with Nigerian authorities is furthercomplicated by the detention of two of its employees and the subsequent ban onits operations in the country. Despite assurances of safe passage, Gambaryanand his colleague, Nadeem Anjarwalla, found themselves promptly arrested upontheir return to Nigeria in late February.This article was written by Tareq Sikder at www.financemagnates.com.
