The House of Representatives has dismissed the bribery allegations made by Tigran Gambaryan, Binance’s head of financial crime compliance.
Gambaryan was detained in Nigeria from February to October 2024.
According to the federal government, his arrest was part of a broader investigation into alleged money laundering and economic destabilisation attributed to Binance’s activities in Nigeria.
Recounting his experience in a post on X, Gambaryan alleged that certain Nigerian lawmakers demanded substantial bribes in cryptocurrency. He accused three lawmakers – specifically naming Peter Akpanke and Philip Agbese – of soliciting a $150 million bribe.
He also claimed that Nuhu Ribadu, the national security adviser, sought significant payouts from Binance for his political ambition.
Reacting to Gambaryan’s claims in a statement on Saturday, Akin Rotimi, the house spokesperson, said the allegations by the Binance official are aimed at discrediting Nigerian institutions and public officials.
“As an independent arm of government, the house upholds due process, the rule of law, and constitutional oversight. These allegations, which have been previously circulated last year, are directed at individual members, not the institution itself,” the statement reads.
“The honourable members named have assured the house leadership that they never had any such dealings as reported. One of the members has already instituted legal action to clear his name, while others affected have been encouraged to do the same in pursuit of justice and the protection of their reputations.
“It is also important to highlight that, with the active involvement of both the Nigerian and United States governments, this matter has evolved into a government-to-government engagement.
“Notably, in the course of high-level diplomatic discussions, the federal government of Nigeria has prioritized national interest over external commercial pressure, including rejecting financial settlement offers from Binance. These facts raise serious questions about the credibility and intent of the allegations being peddled.”
However, the house said since the matter is now before a court of competent jurisdiction and a subject of ongoing diplomatic engagements, it “will refrain from further comment in line with established parliamentary, judicial, and diplomatic principles”.
“The house of representatives urges the public to rely on verified facts and not be misled by recycled claims aimed at discrediting Nigerian institutions and public officials. The house remains steadfast in its commitment to transparency, accountability, and the protection of Nigeria’s democratic institutions,” Rotimi said.
