Binance’s Gambaryan Accuses Ribadu of Seeking Billions for Political Ambition

The Head of Financial Crime Compliance at Binance, Tigran Gambaryan has alleged that Nigeria’s National Security Adviser (NSA), Nuhu Ribadu, sought billions in crypto assets to fund his future political ambitions.

Gambaryan made the claim in a series of posts on his X handle (@TigranGambaryan), stating that Ribadu was “trapped” because any settlement would be perceived as a bribe.

“I guess he really wanted his boss’ job,” Gambaryan wrote, suggesting Ribadu’s alleged demand was politically motivated.

He further claimed that Ribadu hired a U.S. law firm to negotiate his release but said the effort failed due to “incompetence and greed.”

Alleged Diplomatic Fallout

Gambaryan accused Ribadu of overstepping his authority and embarrassing Nigeria in front of U.S. National Security Advisor Jake Sullivan.

“His actions angered the White House, leading to diplomatic consequences—the U.S. limited visas for the Nigerian delegation attending the UN General Assembly, and President Joe Biden refused to meet with President Bola Tinubu until my case was resolved,” he alleged.

According to Gambaryan, Ribadu miscalculated his influence, turning what was meant to be a quick resolution into an international controversy.

FG, NSA Dismiss Allegations

The federal government and Ribadu’s office have dismissed Gambaryan’s claims as false and misleading, urging the public to disregard them. Officials maintain that Binance was investigated for financial crimes and that Gambaryan’s detention was lawful.

With both sides holding firm, the controversy continues to raise questions about Nigeria’s handling of the Binance case and its diplomatic implications.

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