Tigran Gambaryan, Binance’s financial compliance chief, asserted that rogue Nigerian lawmakers demanded a bribe of 150 million USD to drop charges against the exchange. He emphasized that the figure of 26 billion USD allegedly moved out of Nigeria was a misrepresentation of trading activity, not actual funds exiting the country.

The Nigerian Information Minister dismissed the bribery allegations, labeling them a distraction from the government’s investigation. He revealed that the Nigerian government declined a 5 million USD offer from the U.S. For Gambaryan’s release, opting instead for a more favorable outcome.