Nigeria Promises Fair Trial for Binance Executive Amid U.S. Involvement

Amid recent concerns stemming from the U.S. regarding the conduct of the Binance tax evasion trial, especially the possible health impacts on the detained executive, Tigran Gambaryan, the Nigerian government has reaffirmed its commitment to conducting lawful legal proceedings.

Notedly, the Nigerian government conveyed its assurance via a statement released by the country’s Minister of Information and National Orientation, Mohammed Idris.

Response Stemming From The U.S. Congress Members' Involvement

Noteworthily, the Nigerian government's reaction to restate its stance in the Binance tax evasion trial follows international interventions from American lawmakers requesting President Biden, the U.S. President, to fasten the release of the detained Binance executive Gambaryan criticizing his detention in Nigeria.

Recall that in one of our previous news articles - we reported that the United States Congress member headed by McCaul, the House Committee on Foreign Affairs Chairman, had submitted a signed letter to the U.S. President seeking an immediate release of Gambaryan, citing his deteriorating health status and entrapment of his freedom as the basis to push for his release.

Statement Details

Meanwhile, according to the statement released through Rabiu Ibrahim, his media assistant, Mohammed Idris, has confirmed that thus far, the Nigerian government has ensured that it follows due process in every phase of the trial and reaffirmed their decision to operate according to the law.

Additionally, he confirmed that Binance has consular access and and at the same time, receiving necessary care, which aligns with globally accepted protocols and the rule of law.

The statement read in part, “At all stages, due process has been followed, and prosecutors are confident of their case, based on the facts and evidence gathered. Binance will have every opportunity to defend itself in court against these severe charges of financial crimes against the Federal Republic of Nigeria.”

With the United States Congress Members Involvement In the already protracted court battle, chances are high that the U.S. government will mount more pressure on the Nigerian regulatory authorities, which could potentially result in the detained executive freedom.

Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence before making any trading or investment decisions.

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