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US Govt. Reveals Why Nigeria Released Binance CEO

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The Bureau Newspaper reports that U.S. President Joseph R. Biden, Jr. spoke with Nigeria’s President Bola Tinubu on Tuesday, offering insights into the release of American citizen and former U.S. law enforcement official, Tigran Gambaryan, a prominent figure in the financial crime sector at Binance based on humanitarian grounds. The Bureau Newspaper gathered the information from an official statement published on the White House website.

During the call, President Biden extended condolences for the recent flooding impacting northeastern Nigeria, while expressing his gratitude for President Tinubu’s humanitarian-driven action in securing Gambaryan’s release. The conversation also underscored the value of U.S.-Nigeria cooperation in tackling shared global challenges and advancing security and prosperity across various sectors.

President Biden emphasized Nigeria’s role in collaborative efforts on law enforcement, specifically referencing the recently announced Bilateral Liaison Group on Illicit Finance and Cryptocurrencies. This partnership aims to strengthen regulatory oversight on illicit finance and emerging digital assets in line with global standards.

Additionally, Biden highlighted the importance of incorporating African perspectives in reforming international organizations, acknowledging Nigeria’s and Africa’s contributions to global development and security. The conversation between the two leaders signals a fortified partnership with the U.S., especially in areas involving financial regulation, security, and innovative technology solutions.

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