Binance Holdings Limited on Tuesday expressed its willingness to address and resolve any alleged past issues with the Nigerian Government.
The cryptocurrency trading platform also urged the government to release its detained executive, Tigran Gambaryan, who is currently facing legal challenges in Nigeria.
Gambaryan, a key figure at Binance, was arraigned at the Federal High Court in Abuja on Monday on charges related to money laundering.
During his court appearance, Gambaryan, who is reportedly in poor health, was denied the use of a wheelchair and was forced to enter the courtroom on crutches, visibly in pain and distress.
His legal team has since filed a new bail application citing medical grounds and difficulties in preparing for his trial due to restricted access.
The Economic and Financial Crimes Commission (EFCC), however, opposed the bail application, further complicating the situation.
In response, Binance issued a statement condemning the treatment of Gambaryan during the court proceedings and reiterated its call for his release.
A spokesperson for Binance shared the company’s concerns with Okay.ng, stating: “A video circulating shows the mistreatment and pain he’s enduring. The judge ordered that Tigran be allowed to use a wheelchair, with the bail hearing continuing on September 4th. We are sharing an official statement from Binance on this matter.
“We are extremely distressed by the video of Tigran in court yesterday. This video is just a snapshot of Tigran’s current reality. His health is rapidly declining and we are deeply concerned about the long-term consequences of this unjust detention.
“Nigeria does not need to keep Tigran in order for us to settle any alleged past issues. We continue to implore the Government of Nigeria to let Tigran return home and let us continue in our engagements.
“Our recent resolutions with Brazil and India demonstrate how historical issues can be resolved through constructive dialogue and adherence to legal standards. This is the international standard of doing business.”
