“Nigeria Is Setting Dangerous Precedent For International Businesses” – Binance CEO Slams FG

Binance chief executive officer, CEO, Richard Teng has reacted to the arrest and detention of its employee, Tigran Gambaryan in Nigeria.

It would be recalled that on February 26, Gambaryan and his colleague Nadeem Anjarwalla were arrested in connection with a criminal investigation into Binance’s activities in Nigeria when they arrived in the country.

He described the arrest of its employee as ‘prejudice’ and that it was a “dangerous precedent” for international businesses.

Teng added that despite Binance’s efforts at having proper constructive engagement and dialogue with Nigerian authorities, Gambaryan remains in detention for ‘false’ reasons.

In his words:

“To invite a company’s mid-level employees for collaborative policy meetings, only to detain them, has set a dangerous new precedent for all companies worldwide.”

“The message from the Nigerian government is clear: we must detain an innocent, mid-level employee, a former U.S. federal agent, and place him in a dangerous prison to control Binance.

“This regrettable turn of events contradicts the spirit of cooperation and transparency that Binance has consistently demonstrated in its interactions with the regulatory authorities.”

The post “Nigeria Is Setting Dangerous Precedent For International Businesses” – Binance CEO Slams FG appeared first on Naijaloaded | Nigeria’s Most Visited Music & Entertainment Website.