The Federal Government of Nigeria has dismissed bribery allegations by Tigran Gambaryan, an executive of Binance Holdings Limited, as false and unsubstantiated.
Gambaryan recounted his experiences in the hands of the Nigerian government and some lawmakers.
Gambaryan claimed three lawmakers, including Peter Akpanke and Philip Agbese, demanded a $150 million bribe in cryptocurrency payment into their wallets.
He also alleged that Nuhu Ribadu, the national security adviser (NSA), demanded “billions in payouts from Binance for political ambition”.
Gambaryan was detained by the Nigerian government from February 2024 to October 2024 over the activities of Binance in the country.
The house of representatives committee on financial crimes also investigated the cryptocurrency firm.
In a statement on Friday, Mohammed Idris, minister of information and national orientation, described Gambaryan’s post as “outrageous allegations, misinformation, and defamatory statements”.
Idris said the federal government rejected a $5 million offer from Binance to release Gambaryan for a more beneficial settlement with the US government.
