News
Crypto Firm Breaks Silence On Binance Executive

Binance has said that its employee, Tigran Gambaryan, who is currently held in Nigeria, is not part of the company’s management team.
The crypto exchange giant clarified that Gambaryan, an American, only serves as a law enforcement officer and does not have the power to make decisions.
The company disclosed this in a statement sent to The PUNCH on Wednesday.
In February, Gambaryan and his colleague, Nadeem Anjarwalla from Binance Holdings Limited, were arrested in Nigeria on suspicion of involvement in money laundering activities.
Among other charges, the firm and the two employees were charged last Thursday for $35,400,000 money laundering at the Federal High Court, Abuja.
While Gambaryan remains in custody, Anjarwalla escaped and fled the country.
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Despite inquiries by The PUNCH regarding Anjarwalla’s whereabouts, Binance has yet to respond.
Part of Binance’s statement reads, “Tigran is a strict law enforcement professional and is not part of Binance management. While he has left the official service of the U.S. government, he has remained fully committed to the role of law enforcement officer ever since, operating as a global advocate for good governance and transparent regulatory financial practices.
“Binance respectfully requests that Tigran Gambaryan, who has no decision-making power in the company, is not held responsible while current discussions are ongoing between Binance and Nigerian government officials.”
The exchange explained that Gambaryan was hired in 2021 to help Binance fix past compliance issues.
Binance stated that as the head of Binance’s Financial Crime Compliance team, Gambaryan has been a strong advocate for the company to develop policies and build compliance capabilities that set new industry standards.
READ ALSO: Detained Binance Executive Drags EFCC, NSA To Court
“In 2022 and 2023, Tigran’s Financial Crime Compliance team assisted global law enforcement in freezing and seizing more than $2.2b worth of assets, including more than $285m in cooperation with United States agencies like the FBI, DOJ, DEA, and others,” it said.
According to Binance, Gambaryan and his team provided multiple training sessions for Nigerian crime fighters on the role of exchanges in the digital-asset ecosystem.
“This included a three-hour online workshop for 70 Nigerian EFCC officials in mid-2023 and, late last year, two full-day sessions for EFCC officials in Abuja and Lagos, with more than 30 investigators attending each of them,” the company noted.
The Economic and Financial Crimes Commission will arraign Binance Holdings Limited, Gambaryan, and Anjarwalla on Thursday on charges of $35,400,000 money laundering.
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The EFCC, having fully taken over the case from the Office of the National Security Adviser, has detained Gambaryan and obtained a court warrant to arrest and extradite Anjarwalla, who escaped custody.
On Monday last week, the Federal Government contacted INTERPOL and issued an arrest warrant for Anjarwalla’s arrest.
The PUNCH reported earlier that the EFCC is now partnering with the International Criminal Police Organisation, the United States Federal Bureau of Investigation, the government of the United Kingdom and Northern Ireland, and the Kenyan government to effect the arrest and extradition of Anjarwalla.
The Financial Times reported on February 28, 2024, that two executives of the company were arrested and detained after flying into the country following a ban on their website.
On March 12, 2024, the FT reported that the EFCC asked Binance to provide data on its top 100 users in Nigeria as well as all transaction history for the past six months.
This request is currently being negotiated between Binance and Nigeria.
PUNCH
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OPINION: Gumi And His Terrorists
News
OPINION: Christmas And A Motherless Child

By Lasisi Olagunju
If we were Christian in my family, Christmas would have been for us a mixture of joy, mourning and remembrance. But still, it is. When others celebrate Christmas, I mourn my mother. We call it celebration of life; it is a forever act that undie the dead. She died just before dawn on December 24, 2005. But she lived long enough such that even I, her second to the last child, enjoyed her nurture for over forty years. She died happy and fulfilled. She was extremely lucky; she even knew when to die.
A mother’s death strips her child naked. With a mother’s exit, the moon pauses its movement of hope; morning stops arriving with its proper voice. For me, since it happened 20 years ago, dawn still breaks as forever, but nothing raps my door to announce a new day and the time for prayers; no mother again chants my oríkì. No one, again, softly drops ‘Atanda’ by my door before sunrise. Nothing sounds the way it used to. No one again wets the ground for the child before the sun fully unfurls its rays.
History and literature, from Rousseau’s idealisation of the “good mother” to Darwin’s notion of “innate maternal instincts,” framed motherhood narrowly; yet she inhabited it fully. She bore and reared in very inclement weather; she thought and questioned, endured and, quietly, shaped lives in her care beyond the ordinary. She was a princess who knew she was a princess. Like Frances Hodgson Burnett’s princess in ‘A Little Princess’, her voice – outer and inner – shouted an insistence that “whatever comes cannot alter one thing.” Even if she wasn’t a princess in costume, she was forever “a princess inside.” The princesshood in her inheritance ensures that her father’s one vote trumps and upturns the 16 votes cast by multi-colour butterflies who thought themselves bird.
Sometimes quiet, sometimes shrill, she showed in herself that the true measure of a woman lies in the fullness of her humanity, the strength of her mind and character, and the depth of her influence. She embodied all these with grace until her final breath.
Geography teaches us that harmattan is dry, cold, hash, unfriendly wind. The harmattan haze of Christmas is metaphor for the blur the child who misses their mother feel. It hurts. The day breaks daily with silence performing the duty the mother once did. What this child feels is hurting silence where her song caressed. In the harshness of the hush, the child remembers how mornings were once gold, how a day felt owned simply because she announced it. Without her, time still moves, but it no longer rises to meet the child with its promise of warmth.
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When a mother dies, her child’s gold goes to rust and dust. Because a mother is the cusp that scoops to fill her child’s potholes, in her death something essential goes missing. And it is final. Everything that was a given is no longer to be taken for granted; nothing is henceforth granted; everything now makes bold demands, even illness speaks a new language. Fever comes creepy and no one reads the child’s body before they speak. Across the wall at night, other women sing their children to sleep, the tune that reaches the motherless is far from the familiar; it is unfaithful.
A child without a mother is what I liken to walking helplessly in a windy rain. No umbrella, whatever its reach and promise, is useful. Again, living is war. When wronged, or terrified by life, the child who has no mother discovers how far they can walk without refuge; they daily face bombs without bunkers.
For the one without a mother, each victory, each success; each survival; every loss, every defeat, asks for a sharer and a witness who is no longer seated where she used to.
Winning can be very tasteless. It is a very bad irony. The muse says that when a child is motherless, joy, when it appears, arrives incomplete; good news, when it comes, comes and pauses at the lips – in search of mother, the one person it is meant for.
Motherhood and its echo teach that a mother’s loss, like a father’s, is erasure, loss, negation, unpresence. It is permanence of loss of love and security.
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The child remembers that in their mum’s lines were elegant, restrained refinements that moved from the gently lyrical to the aphoristic. But they are no more. The old sure shoulder to lean on has slipped away, thinning into memory.
The orphan learns early that those who say, “I will be your mother,” are not always mothers, and those who say, “I will be your father,” are rarely fathers. For the orphan, it is a cold, cold-blooded world.
And yet, the child soon finds out that the mother’s exit has not emptied the world; it has simply rearranged its content.
In the new arrangement, the mum becomes a mere memory kept going in inherited habits, in routine and practice, in the instinct to call a name they know will not answer – again.
“Each new morn…new orphans cry new sorrows…” says Shakespeare in Macbeth. Every forlorn child fiddles with the void. But the muse insists that children that are counted fortunate do not simply outgrow their mother; they outlive her absence and grow new muscles and new bones; they learn slowly to carry and endure what cannot be put down.
News
FG Declares Public Holidays For Christmas, New Year Celebrations

The Federal Government has declared December 25, 26 and January 1, 2026, as public holidays.
Announcing this on behalf of the Minister of Interior, Olubunmi Tunji-Ojo, the ministry’s Permanent Secretary, Magdalene Ajani, said the holidays are to mark Christmas, Boxing Day and the New Year celebrations respectively.
Tunji-Ojo called on Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
READ ALSO:Lagos Declares Holiday For Isese Festival
The minister also urged citizens, irrespective of faith or ethnicity, to use the festive period to pray for peace, security and national progress.
According to him, Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
See the full statement below:
PRESS STATEMENT
FG DECLARES DECEMBER 25, 26, 2025 AND JANUARY 1, 2026 PUBLIC HOLIDAYS TO MARK CHRISTMAS, BOXING DAY AND NEW YEAR CELEBRATIONS
The Federal Government has declared Thursday, 25th December 2025; Friday, 26th December 2025; and Thursday, 1st January 2026 as public holidays to mark the Christmas, Boxing Day and New Year celebrations respectively.
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The Minister of Interior, Dr. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, extended warm Christmas and New Year felicitations to Christians in Nigeria and across the world, as well as to all Nigerians as they celebrate the end of the year and the beginning of a new one.
Dr. Tunji-Ojo urged Christians to reflect on the virtues of love, peace, humility, and sacrifice as exemplified by the birth of Jesus Christ, noting that these values are critical to promoting unity, tolerance, and harmony in the nation.
The Minister further called on Nigerians, irrespective of religious or ethnic affiliation, to use the festive season to pray for the peace, security, and continued progress of the country, while supporting the Federal Government’s efforts towards national development and cohesion.
“The Christmas season and the New Year present an opportunity for Nigerians to strengthen the bonds of unity, show compassion to one another, and renew our collective commitment to nation-building,” the Minister stated.
Dr. Olubunmi Tunji-Ojo also enjoined citizens to remain law-abiding, security conscious, and moderate in their celebrations, while cooperating with security agencies to ensure a peaceful and safe festive period.
The Minister wishes all Nigerians a Merry Christmas and a prosperous New Year.
SIGNED
Dr. Magdalene Ajani
Permanent Secretary
Ministry of Interior
December 22, 2025.
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