President Biden Thanks Nigerian President for Binance Exec’s Release: White House
Summary
U.S. President Joe Biden thanked Nigerian President Bola Tinubu for securing the release of American Binance executive Tigran Gambaryan. Gambaryan, detained for eight months on charges of money laundering and tax evasion, was released on humanitarian grounds. The Nigerian government dropped charges against him, though Binance still faces tax-evasion charges. Gambaryan's health deteriorated in prison, prompting U.S. intervention. Following his release, the U.S. Department of State announced a new bilateral liaison group with Nigeria on cryptocurrency and illicit finance. Biden and Tinubu discussed enhancing U.S.-Nigeria cooperation on global challenges and security.
