Business

Binance CEO confirms working with FG on detained executive’s release

Richard Teng, Chief Executive Officer of Binance, says the company is working very closely with the Federal Government of Nigeria for the release of Tigran Gambaryan, the company’s Head of Financial Crime Compliance.


The Federal High Court Abuja had remanded Gambarya at the Nigerian Correctional Service pending the determination of his bail application.


Binance and its executives are faced with two separate suits by the Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC)- the former bordering on tax evasion and the latter linked to money laundering and foreign exchange contravention.