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Binance Executive, Gambaryan Reveals Three Nigerian Lawmakers Who Demanded $150m Bribe

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Binance executive Tigran Gambaryan has opened up about his ordeal in Nigerian custody.

In January 2024, Gambaryan was detained by law enforcement officials in the country.

In a long social media post, he claimed the experience involved shady dealings, international tensions, and the figure of Nigeria’s National Security Adviser, Nuhu Ribadu.

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According to Gambaryan, several lawmakers set up a meeting and demanded a $150 million bribe, which was to be paid in cryptocurrency into their personal wallets.

Gambaryan wrote: “The DSS was involved in the House of Representatives matter. We met with them at their office on Friday, January 5, 2024, as a prerequisite to our meeting with the House of Representatives. They alluded to the fact that we had to comply with whatever the House members instructed us to do.

“At the House meeting, there were three members present. Two of them were Peter Akpanke and Philip Agbese, both working under the leadership of Ginger Obinna Onwusibe. There was a third House member, but I don’t recall his name.

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READ ALSO: Binance Reacts As FG Drops Tax Charges Against Executives

“They set up fake cameras and media to make the meeting appear official, but the cameras weren’t even plugged in. As you may already know, this ended with them asking for a $150 million bribe, paid in cryptocurrency into their personal wallets. A Mickey Mouse operation at its best.

“@NuhuRibadu invited us to the official meeting and worked through Sa’ad Abubakar. Another key figure in this situation was Hamma Adama Belloji. Ogunjobi was just a pawn; they used him too.

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“This was sold as a friendly meeting with the NSA, the head of the SEC, and the CBN governor and included the discussion of the bribe that was solicited by the House of Representatives.

“The $26 billion figure they kept pushing publicly as some mystery money escaping Nigeria is complete BS. This information was provided in response to their request and was simply cumulative trade data for Nigerians on the platform. This money didn’t leave Nigeria — it was just people buying and selling crypto.

“For example, if you trade $100 a hundred times, that’s $10,000 in trade volume, but in reality, you only used $100. Again, just another example of them lying to cover up their BS investigation.

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READ ALSO: JUST IN: Court Denies Binance Executive, Gambaryan Bail

“They lied about Nadeem escaping during mosque prayers. In reality, he returned and escaped afterward. I don’t know exactly how he managed to flee. He emailed me in November, but we haven’t discussed the details of his escape. It’s possible he paid someone off, but I have no proof.

“If Belloji had simply checked his passport for a visa, he would have realized that Nadeem did not use that passport to travel to Nigeria.

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“They sent a letter to the U.S. Embassy and the British High Commission, falsely claiming that we were voluntarily participating in strategic talks. This was a blatant lie.

“Nadeem did not escape lawful detention — we were being held illegally. Belloji even admitted that he would fabricate evidence to obtain a court order to detain us for 14 days.

“Once the court order expired, they were unable to get an extension from the judge. At that point, they continued holding us illegally and had no justification for doing so.

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READ ALSO: Money Laundering: More Trouble For Binance As Canada Fines Crypto Giant $4.38m

“There was a lot of noise about using Interpol to capture Nadeem. As someone who has been involved in multiple extradition cases, I can confidently say this was a joke.

“Extradition is a lengthy legal process, and no rational judge in Kenya or wherever would ever approve extradition for someone who escaped illegal detention at the hands of rogue law enforcement — especially when that detention involved holding employees hostage to pressure their employer. All noise.

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“They tried to use us to violate international privacy laws by demanding user data on all Nigerians to target opposition members allegedly ‘manipulating the price of the naira.’ However, they all knew that the naira’s devaluation was a direct result of Tinubu’s monetary policy, which depegged the naira from the dollar.

“I’m not saying this policy decision was wrong, but everyone understood that removing government intervention would lead to extreme devaluation. Instead of acknowledging this, they used Binance as a scapegoat.”

READ ALSO: BREAKING: Arraignment Of Binance Executive Stalled

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In October 2024, DAILY POST reported that the federal government had withdrawn the money laundering charges filed against Gambaryan.

The Economic and Financial Crimes Commission (EFCC) had, in April 2024, arraigned Binance and Gambaryan over alleged money laundering.

This followed a clampdown on the cryptocurrency firm over alleged manipulation of the naira.

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Also, recall that the Nigerian government and Binance had been at loggerheads after Olayemi Cardoso, the Governor of the Central Bank of Nigeria, said $26 billion was funneled through Binance without a trace.
(DAILY POST)

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Senate Confirms New FCC Chairman, Approves 37 Commissioners

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The Senate on Thursday confirmed Hon. Ayo Omidiran, a former member of the House of Representatives, as the Executive Chairman of the Federal Character Commission (FCC).

At the same time, 37 commissioners representing the 36 states and the Federal Capital Territory (FCT) were approved.

The confirmation followed the adoption of the report by the Senate Committee on Federal Character and Inter-Governmental Affairs, presented by Chairman Senator Allwell Heacho Onyesoh.

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He informed the Senate that all nominees had successfully passed thorough screenings, submitted required documents—including Code of Conduct Bureau (CCB) clearances, police reports, DSS vetting, and curriculum vitae—and had no criminal petitions filed against them.

READ ALSO:Senate Recommends Death Penalty For Kidnappers

The Senate conducted a state-by-state review in the Committee of the Whole, which was adopted when lawmakers returned to plenary.

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Senate President Godswill Akpabio, addressing the chamber after the unanimous confirmation, urged the appointees to serve with dedication and uphold public trust.

“Go and serve in the interest of the nation. I congratulate all the nominees and wish them a successful tenure,” he said.

Notable appointees include Peter Ogbonna Eze (Enugu State) and AbdulWasiu Kayode Bawa-Allah (Lagos State), while Mohammed Musa was retained as Secretary of the Commission.

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READ ALSO:Senate Uncovers $300bn Unaccounted Crude Oil Sales

Other confirmed commissioners are: Obinna Oriaku (Abia); Lawal Ya’u Roni (Jigawa); Abubakar Atiku Bunu (Kebbi); Eludayo Eluyemi (Osun); Bema Olvadi Madayi (Adamawa); Dora Ebong (Akwa Ibom); Nnoli Nkechi Gloria (Anambra); Babangida Adamu Gwana (Bauchi); Sir Tonye Okio (Bayelsa); Aligba Eugene Tarkende (Benue); Engr. Modu Mustapha (Borno); Dr. Stella Odey Ekpo (Cross River); Ederin Lovette Idisi (Delta); Barr. Nwokpor Vincent Nduka (Ebonyi); Hon. Victor Sabor Edoror (Edo); Hon. Sola Fokanle (Ekiti); Ibrahim Baba Mairiga (Gombe); Hon. Jerry Alagbaoso (Imo); Ruth Jumai Ango (Kaduna); Muhammad Awwal Nayya (Kano); Hon. Anas Isah (Katsina); Bello Idris Eneye (Kogi); Dr. Ibrahim Abdullahi (Kwara); Alh. Isah Jibrin (Niger); Comrade Ajimudu Bola (Ondo); Prince Ayodeji Aleshinloye (Oyo); Hon. Pam Bolman (Plateau); Aaron Chukwuemeka (Rivers); Alh. Aminu Tambar (Sokoto); Bobboi Bala Kaigama (Taraba); Hon. Jibir Maigari (Yobe); Sani Garba (Zamfara); and Solomon Ayuba Dagami (FCT).

The Senate expressed confidence that the newly confirmed FCC leadership will enhance the commission’s capacity to promote equitable representation across Nigeria’s public institutions.

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Tinubu Constitutes Membership For US–Nigeria Security Working Group

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President Bola Tinubu has approved the formation of the Nigerian delegation to the US–Nigeria Joint Working Group, a bilateral initiative aimed at strengthening cooperation on security matters.

The decision follows a recent visit to Washington DC by a high-level Nigerian delegation led by National Security Adviser Nuhu Ribadu. Ribadu will head the multi-agency team, which includes senior officials from key security and foreign policy institutions.

According to a statement signed by the President’s aide, Bayo Onanuga, members of the working group include the Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar; Minister of Defence, Mohammed Badaru Abubakar; Minister of Interior, Olubunmi Tunji-Ojo; Minister of Humanitarian Affairs, Bernard M. Doro; Chief of Defence Staff, Gen. Olufemi Oluyede; Director-General of the National Intelligence Agency, Amb. Mohammed Mohammed; and Inspector General of Police, Mr Kayode Egbetokun.

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Ms Idayat Hassan of the Office of the National Security Adviser and Mr Paul Alabi of the Embassy of Nigeria in the US will serve as the secretariat,” the statement added.

READ ALSO:Tinubu Appoints Non-Career Ambassadors For US, UK, France

Tinubu urged the team to engage closely with their American counterparts to ensure the implementation of security agreements reached during the visit. The working group is tasked with coordinating bilateral efforts on counter-terrorism, defence cooperation, and regional stability.

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The initiative has gained prominence following recent remarks by US leadership. US President Donald Trump designated Nigeria a “Country of Particular Concern” over alleged religious-freedom violations and warned of possible military intervention should attacks on Christians persist, increasing pressure on the Nigerian government to strengthen its security response.

Bilateral cooperation
Recall that last week, a high-level Nigerian delegation led by Ribadu concluded a series of engagements with United States officials aimed at reinforcing bilateral security cooperation.

The discussions, held in Washington DC, involved senior representatives from the US Congress, the White House Faith Office, the State Department, the National Security Council, and the Department of War.

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READ ALSO:BREAKING: Tinubu Declares Nationwide Security Emergency, Orders Armed Forces To Recruit More Personnel

During the meetings, the Nigerian delegation rejected allegations of genocide in the country, emphasising that violent attacks affect communities across religious and ethnic lines.

Wrongful framing of the situation would only divide Nigerians and distort the realities on the ground,” the delegation stated.

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The United States expressed readiness to deepen security support, including enhanced intelligence sharing, expedited processing of defence equipment requests, and the potential provision of excess defence articles, subject to availability, to bolster ongoing counter-terrorism operations. Additional support in the form of humanitarian assistance and technical aid to strengthen early-warning mechanisms was also discussed.

Both nations agreed to implement a non-binding cooperation framework immediately and to establish a Joint Working Group to coordinate efforts across the agreed areas. The Nigerian delegation reaffirmed the government’s commitment to civilian protection measures and the safeguarding of vulnerable communities, particularly in the Middle Belt region.

READ ALSO:N6trn: Court Orders Tinubu To Publish NDDC Audit Report, Name Indicted Officials

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The Nigerian delegation included Prince Lateef Olasunkanmi Fagbemi, Attorney General of the Federation; General Olufemi Oluyede, Chief of Defence Staff; Lt. Gen. Emmanuel Parker Undiandeye, Chief of Defence Intelligence; Mr Kayode Egbetokun, Inspector General of Police; Ambassador Ibrahim Babani, Director of Foreign Relations at the Office of the National Security Adviser; and Ms Idayat Hassan, Special Adviser to the NSA.

The Federal Government highlighted that the engagements provided an opportunity to correct misconceptions about Nigeria, build trust, and advance a coordinated approach to protecting citizens.

It urged the public to remain assured that coordinated measures are being taken to enhance security nationwide.

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Edo Assembly Invites Obaseki, Others For Questioning Over MOWAA

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The controversy surrounding the Museum of West African Art (MOWAA) and Radisson Hotel, remains unabated as Edo State House of Assembly Ad-Hoc Committee investigating the matter has invited a former governor of the state, Godwin Obaseki for questioning.

A statement by Secretary of the Ad-hoc Committee, Bekisu Oshone, on Thursday, stated that the former governor and others are expected to appear on December 4, 2025.

Other persons invited by the committee are a former Edo Finance Commissioner, Joseph Eboigbe, former Attorney General of Edo State, Oluwole Osaze-Uzzi, MOWAA’s Director, Philip Iheanacho and Managing Director, Tilbury House Nigeria Limited.

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READ ALSO:MOWAA Authorities Shun Edo Assembly Committee, Give Reason

According to her, others invited are Project Manager of Hospitality Investment and Management Company, Pramod Thorat, Managing Director, Afrinvest Capital Limited, Ugochukwu Anigbogu, Managing Director, Meristem Trustees Limited and
Managing Director, Emerging Africa Trustees Limited.

The statement reads: “The Edo State House of Assembly Ad hoc Committee constituted to investigate the Museum of West African Arts and Radisson Hotel invites former Governor Godwin Obaseki and 10 others/organization (listed above) to appear before the committee for public hearing on December 4.”

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She said attendance by Obaseki and others was required as part of the committee’s investigation.

The former governor and other invitees are expected to give insights into funding of the Radisson Hotel.

READ ALSO:Okpebholo Revokes MOWAA Land Title

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The MOWAA and Radisson Hotel were both conceptualized by Obaseki.

While first phase of the MOWAA has been completed, Radisson Hotel is near completion.

Recall that an exhibition at the museum turned chaotic on November 9 after angry protesters stormed the venue, forcing a high-profile event to shut down abruptly.

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The preview opening, described as a private exhibition for investors, artists, and foreign envoys, quickly descended into panic when a mob claiming the museum belonged to the Oba of Benin breached parts of the premises.

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