‘He Faced Severe Adversity’ – Binance CEO Reacts As Gambaryan Leaves Nigeria After Eight Months In Detention

The Chief Executive Officer of Binance Holdings Limited, Richard Teng, has expressed relief after his staff, Tigran Gambaryan, left Nigerian after eight months in detention.

Recall that a Federal High Court in Abuja, on Wednesday, ordered the release of the detained Gambaryan from Kuje Correctional Centre.

The presiding judge, Justice Emeka Nwite gave the order after the Economic and Financial Crimes Commission (EFCC)’s counsel, R. U. Adagba, informed the court of the decision of the Federal Government to withdraw the charge against Gambaryan.

Adagba, who held the brief of Ekele Iheanacho, SAN, premised the decision on Gambaryan’s deteriorating health and the diplomatic intervention.

Following his release, Gambaryan, a US citizen, jetted out of Nigerian on Thursday to reunite with his family.

Reacting in a statement on X, Binance CEO said: “We are deeply relieved and grateful that Tigran Gambaryan has finally been released after enduring nearly eight months of detention in Nigeria.

“Throughout this difficult period, Tigran has shown immense strength, and we commend his resilience in the face of such severe adversity.

“We are deeply thankful to everyone who dedicated countless hours to support Tigran’s release.

“Tigran’s health and well-being remain our top priority, and we are thankful he can now receive the medical care and rest he so urgently needs alongside his family.

“Binance remains committed to collaborating with global regulators to ensure compliance and transparency in the evolving digital asset space.

“We are eager to put this episode behind us and continue working toward a brighter future for the blockchain industry around the world.

“With a young, tech-savvy population and a strong interest in digital finance, Nigeria is well-positioned to leverage blockchain technology to address economic and social challenges. We look forward to playing a constructive role in that effort.”