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Binance executives reiterated that a Nigerian lawmaker had demanded a $150 million bribe in exchange for dropping the lawsuit against Binance

ChainCatcher news, Binance's financial crime compliance officer Tigran Gambaryan recently reiterated that a rogue Nigerian lawmaker demanded a $150 million bribe in exchange for dropping the lawsuit against Binance. The relevant lawmaker wanted the funds to be transferred directly to their cryptocurrency wallet, using "fake cameras and media" to make the meeting with visiting Binance executives appear legitimate.In May 2024, reports emerged that Binance CEO Richard Teng accused members of the Nigerian House of Representatives Financial Crimes Committee (HCFC) of soliciting a $150 million bribe. At that time, Nigeria's Minister of Information Mohammed Idris denied the allegations, stating that it was a strategy by the company to "hurry to cover up the serious criminal charges it faces."However, Gambaryan insisted that this attempt was indeed conducted with the involvement of Nigeria's Department of State Services (DSS). He also stated, "The Nigerian government has publicly claimed that there is $26 billion in mysterious funds (through Binance) flowing out of Nigeria, which is completely nonsense. This information was provided at their request; it is merely the cumulative trading data of Nigerians on the platform. This money did not flow out of Nigeria—people are just buying and selling cryptocurrency. For example, if you trade $100 a hundred times, that amounts to $10,000 in trading volume, but in reality, you only used $100. Similarly, this is just another example of their lies to cover up a false investigation."Just after Gambaryan shared these explosive details, Nigeria's Minister of Information Idris issued a statement denying them. However, the statement acknowledged the bribery allegations, but Idris pointed out that it was the Nigerian government that initiated the investigation, "even though no one has formally filed a lawsuit." His statement also revealed that the Nigerian government rejected a U.S. proposal to pay $5 million in exchange for Gambaryan's release.
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