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<p>The post <a href="https://coinpedia.org/news/nigerian-government-defends-binances-executives-trial-amid-international-pressure-for-his-release/">Nigerian Government Defends Binance’s Executive’s Trial Amid International Pressure for His Release</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The Nigerian Minister of Information, Mohammed Idris, has defended the ongoing trial of Binance founder executive Tigran Gambaryan, amid heightened international pressure to release him. Reportedly, Idris said that the ongoing trial of Binance and Gambaryan is in accordance with Nigerian law.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“Due process has been followed at all stages, and prosecutors are confident in their case based on the evidence gathered.<strong> <a href="https://app.coinpedia.org/company/binance/">Binance</a> </strong>will be able to defend itself against these severe financial crime charges. The next hearing is scheduled for June 20, 2024,” Idris noted.</p> 
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<h2 class="wp-block-heading" id="h-nigerian-government-under-international-pressure-nbsp">Nigerian Government Under International Pressure&nbsp;</h2> 
<p>The Nigerian government has been <strong><a href="https://punchng.com/fg-promises-fairness-as-us-lawmakers-fault-binance-executives-detention/">condemned</a></strong> for holding Gambaryan hostage to force Binance to get involved in negotiations. Already, 12 United States lawmakers have written a letter to President Biden requesting his case to be transferred to the Special President Envoy for Hostage Affairs.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f3-1f1ec.png" alt="🇳🇬" class="wp-smiley" style="height: 1em; max-height: 1em;">U.S LAWMAKERS URGE BIDEN TO HELP BINANCE EXECUTIVE IMPRISONED IN NIGERIA<br><br>16 members of Congress wrote to Blinken and Biden asking them to bring former federal agent and Binance employee Tigran Gambaryan home.<br><br>He has been held in Nigeria for over three months on charges of… <a href="https://t.co/uIdmM7jak7">pic.twitter.com/uIdmM7jak7</a></p>— Mario Nawfal (@MarioNawfal) <a href="https://twitter.com/MarioNawfal/status/1798260107286913131?ref_src=twsrc%5Etfw">June 5, 2024</a>
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<p>Notably, the court denied Gambaryan’s bail in Nigeria for his risk of flight. Moreover, his counterpart, Naadem Anjarwalla, fled to Kenya earlier this year, prompting heightened security measures for Gambaryan.</p> 
<p>Meanwhile, Gambaryan’s health has recently deteriorated, as depicted by the collapse during a recent hearing.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“Mr. Gambaryan’s health and well-being are in danger, and we fear for his life. Immediate action is essential to ensure his safety and preserve his life. We must act swiftly before it is too late,” the US lawmakers noted.</p> 
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<h2 class="wp-block-heading" id="h-what-s-at-stake">What’s at Stake</h2> 
<p>The Nigerian government has blamed Binance for its deteriorating economy, especially the Naira, which has drastically lost value globally in the past year. Some reports have indicated that Nigeria is seeking a $10 billion fine from Binance amid extortion claims.</p>

Nigerian Government Defends Binance’s Executive’s Trial Amid International Pressure for His Release

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