A report from Bloomberg states that the Nigerian government has forcefully denied any participation in bribery, which is in strong response to Binance’s claims.
Speaking on behalf of the Ministry of Information, Rabiu Ibrahim said that Binance CEO Richard Teng’s claims were not true and were just a distraction tactic.
Before, Teng asked the Nigerian government to free Tigran Gambaryan, who was arrested in February on charges of money laundering and tax fraud while working as a compliance officer for the enormous cryptocurrency company.
Gambaryan, a US citizen, is still in jail until his June trial, but Nadeem Anjarwalla, a regional manager for Binance in Africa, has gotten away from police.
Nigeria Demands Binance Fine
The Nigerian government is also said to have demanded an immense $10 billion fine from the Exchange, saying that the crypto giant was manipulating currencies to make the country’s economic disaster more serious. In March, the Cryptocurrency Exchange took the Nigerian naira off of its peer-to-peer website, which made things more difficult.
New information, including an article in the New York Times, has put light on claims that some Nigerian government officials tried to get $150 million from the Exchange as a bribe to settle different charges, including bribery charges.
In reaction, Teng said that Binance had turned down the payment demand through its lawyers because it was not a valid way to settle the matter.
