Biden Thanks Nigeria’s Tinubu For Binance Exec Release In Call

Key Points:

• Biden thanks Nigeria’s Tinubu for securing the Binance executive’s release and collaboration on anti-cybercrime efforts.
• U.S. and Nigeria strengthen ties through the Bilateral Liaison Group on Illicit Finance and Cryptocurrencies.

President Biden thanks Nigeria’s President Tinubu for securing the Binance executive’s release and supporting anti-cybercrime initiatives.

Biden Thanks Nigeria’s Tinubu for Binance Exec’s Release

In the process, US President Joe Biden thanks Nigerian President Bola Tinubu for his humanitarian role in securing freedom for Tigran Gambaryan, head of financial crime compliance at Binance. Gambaryan, a former IRS agent, was detained in Nigeria earlier this year amid accusations of financial misconduct linked to Binance’s operations.

Biden also extended congratulations and sympathy for the flooding in northeastern Nigeria. Such gestures underpin the general cooperative and compassionate tone in US-Nigeria relations.

President Biden saluted Nigeria’s active participation in the Bilateral Liaison Group on Illicit Finance and Cryptocurrencies, a platform launched following concerns about cybercrime and financial fraud.

The effort, also led by the US Department of Justice, furthers the investigation and prosecution of cybercrime cases and opens new prospects for international cooperation among law enforcement agencies, according to The Block.

Read more: Web3 Support Service Binance Connect Relaunched by Exchange

U.S.-Nigeria Collaboration on Cybercrime and Financial Security

The call underlined not just the humanitarian release of Gambaryan but also the strengthening relationship between the U.S. and Nigeria in the fight against illicit finance.

The new Bilateral Liaison Group on Illicit Finance and Cryptocurrencies, which will promote specific cooperation in combating cybercrime through joint investigations between the two countries, started on October 23. The action aligns with the Biden administration’s efforts to solidify safety in the international financial system and dissuade criminal misuse of digital assets.

This bilateral partnership epitomizes the U.S. government’s commitment to cross-border financial crimes, which are increasingly involving cryptocurrencies. President Biden expressed appreciation for Nigeria’s proactive approach in demonstrating the growing need for international alliances to lessen cybercrime and improve financial compliance in this digital age.