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Crypto Firm Breaks Silence On Binance Executive

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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.

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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.

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While Gambaryan remains in custody, Anjarwalla escaped and fled the country.

READ ALSO: Court Detains Nigerian Suspected ISIS Member For 60 Days

Despite inquiries by The PUNCH regarding Anjarwalla’s whereabouts, Binance has yet to respond.

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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.

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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.

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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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READ ALSO: Anambra Court Jails Two For Vandalising Electricity Cables

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.

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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.

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This request is currently being negotiated between Binance and Nigeria.

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Osun Monarchs Donate Air-conditioners, Computers To Support NUJ’s E-Library Project

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Traditional rulers in Osun state have put their weight behind the project of E-Library, embarked upon by the Nigeria Union of Journalists, NUJ, OSBC Chapel, with the donations of Air-conditioners Computer systems.

The announcements were made during an inspection tour of the E-Library, named after the Olowu of Kuta Kingdom, Oba Hameed Adekunle Oyelude Makama Tegbosun, at Ile-Awiye, Oke Baale, Osogbo; where Oba Makama announced the donation of four Air-conditioners, in continuation of his support as the Life Patron of the chapel.

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Chapel chairman, Comrade Lateef Agboola in rapt attention to instructions from Olowu of Kuta Kingdom, Oba Hameed Adekunle Oyelude Makama Tegbosun during the inspection tour.

In his royal message, the Eburu of Iba, in Ifelodun Local Government Area of the state, Oba (Prof) Adekunle Okunoye Adeogun also pledged the donation of Six units of Computers, as his own way of supporting the noble cause, in solidarity with his royal colleague.

READ ALSO: NUJ OSBC Chapel Holds Ancestors Day In Grand Style

Other monarchs on the entourage of the Olowu of Kuta, including Oba Ismaila Gbadamosi Fabunmi (Olaa of Ajagunlase); Oba, (Dr.) Kazeem Adio Orioye (Onigege of Igege) both in Olaoluwa Local Government Area of the state, Oba (Dr.) Alamu Moshood Oparonke (Onisara of Feesu Kingdom) in Iwo Local Government Area, Oba Musibau Adebayo Akinloye (Oori of Oloori) and Oba Femi Idowu (Olaota of Ilota) both in Ayedire Local Government, as well as Oba Adekunle Omolola (Oniraan of Iran) in Ayedire Local Government, and Oba Waliulah Azeez Alabi (Olu of Lahan) in Olaoluwa Local Government Area, all pledged to support the project in solidarity with Oba Tegbosun.

Other eminent personalities and groups on the entourage of the Olowu of Kuta included Chief Ogundeji Eleuibon; the Big Brothers Club of Osun; Responsible Ladies Group, Nigeria Youth Council leadership, Online Media Owners Association, YMLF Osun as well as the Olowu-in-Coincil, among others. They also pledged their support to complete the E-Library project.

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Olowu of Kuta Kingdom, Oba Hameed Adekunle Oyelude Makama Tegbosun in group photograph with Responsible Ladies Group.

In their separate remarks, the Board Chairman of OSBC, Engr. Mayowa Olosho, and the Director-General/Permanent Secretary of the media conglomerate, Mrs Jolaade Igbaroola, appreciated the royal fathers, eminent personalities and groups for deeming it fit to support the project, which many believe is first of its kind in the history of NUJ.

READ ALSO: Kuta Monarch Endorses 2024 NUJ OSBC Chapel’s Pen Week, Pledges To Attend Ancestors Day

Earlier, the chairman of NUJ, OSBC Chapel, Comrade Lateef Agboola, had explained that the vision of his predecessors to start the project many years ago, was to make the chapel a hub of information and reservoir of knowledge.

He added that, when completed, the E-Library will serve not only the members of the union, but also other people who might need necessary information to back up their research works.

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He, therefore, pledged the resolve of his administration to make the library functional before the end of July 2025.

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Burna Boy Turns 34, Reveals Plans To Start A Family

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Grammy-winning Nigerian singer, Burna Boy, celebrated his 34th birthday in style, and the festivities took an intimate turn when he shared his thoughts on starting a family.

According to the singer, he’s now considering having kids, citing his advancing age as a reason to settle down.

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Burna Boy revealed that a conversation with oil magnate Jowizaza sparked this newfound desire.

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“Na so Jowizaza follow me talk the last time, I come dey think about my life. Omo, I don dey old oh, I for begin born pikins,” he said in pidgin.

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This marks a shift from his previous stance on having children. Last year, Burna Boy stated that he wasn’t ready for kids, citing his busy schedule and inability to give them the attention they deserve. He had mentioned that he would consider having children when he’s settled or married.

As Burna Boy embarks on this new chapter, fans are eager to see what’s next for the ‘Tatata’ hitmaker. Will he find love and start a family soon? Only time will tell, but one thing is certain, Burna Boy’s life is about to get a whole lot more interesting.

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Cherryland, Unifield, Divine Pattern Schools Shine At ITV 2025 Quiz, Debate And Essay Competition

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Winners in the various categories.

By Joseph Ebi Kanjo, Benin 

Cherryland Royal School, Divine Pattern Schools, and Unifield International School, on Friday, 4th July, 2025 won the Independent Radio and Television 2025 Interschool Quiz, Debate and Essay Competition in their respective categories.

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The Essay Competition, with the topic: ‘There has Been a Growing Incidence of Gambling Amongst Youth in Your Country. Write an Article Suitable for Publication in a National Newspaper Stating Three Probable Causes, and Suggesting how this Problem can be Cured,’ was won by Oghogho Triumph of Divine Pattern Schools, while Eczema Praise of Cherryland Royal School emerged winner in the debate category with the topic: ‘The Youths of Today Are More Interested in the Pursuit of Pleasure than in Academic Work.’

The quiz, which was competed by primary pupils from various schools was won by Victory Ighotomare of
Unifield International High School.

Winners in the various categories in group photograph with the management of ITV/Radio

Earlier, in his opening remarks, Chairman of the occasion and Deputy Chief of Staff to Edo State Government (office of the deputy governor), Hon. Pius Alile, while recalling his primary school days, pledged scholarship to university level for winners in the various categories.

READ ALSO: ITV/Radio Pre-independence Anniversary Lecture: Nigerians Must Take Control Of Electoral Process – Don

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Alile urged the students and pupils to desist from social vices and face their studies, stressing that it’s through education that they can actualise their dreams in life.

In his short remarks, Managing Director, ITV/Radio, Engr. Elvis Obaseki, urged the students and pupils present at the event to face their studies, and above all be disciplined and well behaved.

He stressed that no matter how a student may be brilliant in life, such a student needs discipline to navigate through the journey of life, adding “no matter how intelligent you are, you must be well behaved and disciplined. This will take you far in life.”

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The MD, who told the students and pupils that they cannot all be winners at the same time, said being present at the event, they are expected to take one or two lessons back home from the event.

READ ALSO: ITV Lauded For Grassroot Reportage 

Engr. Obaseki, who said “it’s not too good that none of our public schools are here,” promised, “next year, we will make everything humanly possible to bring our public schools so that the competition will be more interesting and fierce.”

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Also speaking, Chairman, organising committee of the event, Dr. Sunny Duke, while expressing joy at the large turnout of schools in this year’s competition, thanked the management and staff of ITV/Radio for their support, and in particular the Esama of Benin Kingdom, Chief Gabriel Igbinedion for creating the platform (ITV/Radio) through which young ones can actualise their dreams.

He also thanked the chairman of the occasion, Hon. Alile for offering the winners in the various categories scholarship, stressing that it has been his prayer and wish.

Where I am today is because of the scholarship I won in JSS 2 back then. And today, that ambition and dream has been fulfilled with the scholarship for the winners of the quiz, debate and essay competition by Hon. Pius Alile, I’m overwhelmed,” Duke said.

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The event was spiced up with dance competition amongst students and pupils, and on the other hand amongst teachers, and other side attractions.

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