Categories: Crime Watch Top Stories

President Biden Commends Tinubu For Releasing American Citizen, Tigran Gambaryan

Advertisement
Advertisement

President Biden has commended Tinubu for releasing American Citizen, Tigran Gambaryan.

 

NewsOnline Nigeria reports that United States President Joe Biden has confirmed discussions with his Nigerian counterpart, President Bola Tinubu, about a U.S.-Nigeria partnership aimed at advancing prosperity.

 

In a statement from the White House on Tuesday, Biden also expressed appreciation for President Tinubu’s leadership in securing the release, on humanitarian grounds, of American citizen and former U.S. law enforcement official Tigran Gambaryan last week.

 

ALSO: Taiwo Oyedele Responds To Northern Governors’ Opposition To Derivation Model Of VAT Distribution

 

Recall that the Federal High Court in Abuja had discharged Binance executive Tigran Gambaryan from money laundering charges filed by the Economic and Financial Crimes Commission (EFCC).

U.S.-Nigeria Partnership and Cryptocurrency

In a readout from the U.S. government, President Joseph R. Biden, Jr. began by offering condolences to President Tinubu regarding recent flooding that has affected northeastern Nigeria.

He also expressed “appreciation” for President Tinubu’s role in facilitating Gambaryan’s release.

Biden took the opportunity to discuss ways the U.S. and Nigeria could advance prosperity by leveraging new technologies associated with cryptocurrency.

The statement added:

“The two leaders also spoke about the value of the U.S.-Nigeria partnership in addressing global challenges and advancing security and prosperity across multiple sectors. 

“In particular, President Biden expressed appreciation for cooperation on law enforcement, including through the recently announced Bilateral Liaison Group on Illicit Finance and Cryptocurrencies, collaboration on new and innovative technologies, and shared interests in reforming international organizations to reflect African voices.” 

Biden assured Tinubu of the United States’ commitment to addressing global challenges through bilateral relations.

What You Should Know

The statement comes amid the Nigerian government’s crackdown on illegal cryptocurrency dealings in Nigeria.

  • While some Nigerian crypto firms have been indicted, several have refunded over $160 million to government coffers, acknowledging violations of Nigerian banking laws.
  • Gambaryan and Binance were accused by the Nigerian government of alleged money laundering and foreign exchange violations through their cryptocurrency platform.
  • Justice Emeka Nwite of the court discharged Gambaryan last Wednesday on health grounds, as corroborated by the EFCC.
  • The Commission cited a report from the Nigerian Correctional Service, provided through the Office of the National Security Adviser (NSA), indicating that Gambaryan’s health had deteriorated to the point where he can hardly walk without assistance, in addition to suffering from other health issues.

The EFCC also presented to the court critical diplomatic and international meetings involving the Nigerian government and its U.S. counterpart, stating that the federal government had resolved to discontinue charges against Gambaryan.

On October 23, 2024, the United States reaffirmed its commitment to a close partnership with Nigeria. The U.S. Department of Justice will continue its coordination with the Government of Nigeria to strengthen its capacity to pursue cybercrime investigations and prosecutions.

Advertisement
Dipo Ajayi

Recent Posts

  • Crime Watch

BREAKING: Popular Catholic Priest Kidnapped In South East (PHOTOS)

A popular Catholic Priest has been kidnapped in the South East.   NewsOnline Nigeria reports…

2 hours ago
  • Top Stories

UK Conservative Party Leader Kemi Badenoch Snubs Tinubu Government

UK Conservative Party Leader Kemi Badenoch has reportedly snubbed the Tinubu Government.   NewsOnline Nigeria…

2 hours ago
  • Economy And Business
  • Headline

BREAKING: Dangote, Marketers Fight Dirty Over Plots To Monopolize Oil Sector

Dangote and marketers fight dirty over alleged plots to monopolize the oil sector.   NewsOnline…

2 hours ago
  • Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th November 2024

The black market dollar to Naira exchange rate on Thursday 7th November 2024 can be…

2 hours ago
  • Economy And Business
  • Headline

BREAKING: Father Mbaka Breaks Silence Over Famine, High Cost Of Living

Father Mbaka has reacted to the famine and high living costs in Nigeria.   NewsOnline…

3 hours ago
  • Headline
  • World

BREAKING: President Trump Vows To Carry Out Largest Deportation In History

President Trump has vowed to carry out the largest deportation in history from his first…

3 hours ago