ChainCatcher news, citing Bloomberg via Tree News, reports that the Nigerian government has dropped charges against Binance executive Tigran Gambaryan.

ChainCatcher message, Binance CEO Richard Teng once again stated that the company's employee Tigran has suffered severe physical and mental deterioration after being unjustly detained in Nigeria for six months. The Nigerian government has refused to provide adequate medical care and has prevented him from meeting with legal counsel. Richard Teng calls for the U.S. government to intervene and hopes that the voices of global citizens can urge the Nigerian government to release Tigran.

ChainCatcher news, according to CoinDesk, Binance CEO Richard Teng urged the Nigerian government to release detained American executive Tigran Gambaryan.Gambaryan has been held in Nigeria since February, facing charges of money laundering. His health has severely deteriorated, suffering from malaria, double pneumonia, and other complications, and he is even unable to walk. Teng stated that Gambaryan urgently needs medical treatment, with the primary goal being to ensure his safe return home.Gambaryan previously traveled to Nigeria voluntarily at the invitation of the Nigerian government but was subsequently accused of money laundering and imprisoned in the notorious Kuje prison.

ChainCatcher news, the Lagos State Government of Nigeria has announced a real estate tokenization program that leverages blockchain technology to enhance the transparency, efficiency, and transferability of real estate transactions. The tokenization program will last for 16 months, led by the Ministry of Science and Technology, in collaboration with various agencies and partners. These agencies will utilize a budget of 500 million Naira (314,465 USD) allocated by the state government to support the program.

ChainCatcher news, according to CoinDesk, Binance's Chief Compliance Officer Noah Perlman stated at a cybersecurity conference hosted by Chainalysis that Binance is doing its utmost to cooperate with the Nigerian government to ensure the release of Tigran Gambaryan, the head of financial crime investigations who is currently detained.He mentioned that Gambaryan came to the country at the invitation of the Nigerian government. Perlman expressed being "optimistic" about reaching a solution for Gambaryan's release with the Nigerian government but declined to disclose specific details.ChainCatcher previously reported that the Binance executive detained in Nigeria denied money laundering charges and was sent to prison awaiting trial.

ChainCatcher news, according to a report by the BBC, the Nigerian government has demanded Binance pay at least $10 billion in compensation. This demand comes against the backdrop of Nigeria's crackdown on cryptocurrency exchanges and the devaluation of its national currency. Nigeria accuses Binance of profiting from "illegal trading" in the country. Currently, Binance is under investigation in Nigeria, and earlier this week, Binance executives were detained by Nigerian authorities.Earlier today, it was reported that Binance has removed the Nigerian currency Naira from its P2P feature under the scrutiny of the Nigerian government.