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Binance bribe saga: Gambaryan’s allegations false, malicious, defamatory – Rep Onwusibe

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Chairman of the House of Representatives Committee on Financial Crimes, Rep. Ginger Onwusibe, has denied the allegations of bribery made against him by the Head of Financial Crime Compliance of Binance, Tigran Gambaryan.
Onwusibe, in a statement issued in Abuja on Saturday, described Gambaryan’s claims as false, malicious and defamatory.
The News Agency of Nigeria (NAN) reports that Gambaryan, who spent eight in a Nigerian detention facility over alleged corruption, had named three members of the house who allegedly demanded a $150 million bribe from him.
ALSO READ: Binance: House of Reps absolves self from bribery allegations
Gambaryan had, in his verified X account on Friday, named Philip Agbese, Obinna Onwusibe and Peter Akpanke as the lawmakers who demanded the bribe from him.
NAN reports that one of the lawmakers, Agbese, had since denied Gambaryan’s allegations, calling on him to support his claims with evidence or face the consequences of his actions.
Onwusibe, in the statement on Saturday, said that his committee began investigating Binance after receiving a petition from a civil society organisation, Empowerment for Unemployed Youth Initiative.
He said that the petition alleged that Binance had engaged in financial and economic crimes which posed a threat to the Nigerian economy.
RELATED: Nigerian govt dismisses Binance executive’s bribery claims against lawmakers
“In response, the committee invited Binance’s CEO, Richard Teng, to appear before a public hearing scheduled for Jan. 10, 2024.
“However, before that date, Binance requested a pre-hearing meeting to better understand the allegations against them,” he said.
Onwusibe stated that the committee agreed to the request and rescheduled the meeting for Jan. 8, 2024 at the National Assembly complex.
He said that because he would not be able to attend the meeting due to other official engagements, he delegated three members of the committee and a clerk to meet with the Binance six-member team, including a legal counsel.
The lawmaker said that the meeting was professional, transparent and ended on a cordial note, with no demands for any bribe.
“Despite agreeing to attend the public hearing, Binance’s CEO, Richard Teng, failed to appear on multiple occasions.
“Instead, the company sent legal representatives, a move the committee rejected. The hearing was postponed several times to accommodate Binance’s requests; neither Teng nor any other senior Binance executive attended,” he said.
Onwusibe said that Binance’s truancy raised serious concerns about its willingness to cooperate with Nigerian authorities.
“I was surprised to discover, through a May 7, 2024, blog post by Richard Teng, that Binance executives were also under investigation by Nigeria’s security agencies, including Department of State Services (DSS) and the Office of National Security Adviser (ONSA),” he said.
The lawmaker said that “Teng’s post, entitled: “Tigran Gambaryan is Innocent and Must Be Released”, contained defamatory claims against him.
“I instructed my lawyer, Nnamdi U. Nwokocha Ahaiwe, to demand an apology and damages. Binance, however, refused to retract the statements or offer any compensation,” he said.
Onwusibe said that he filed a suit against Binance and Tengat at the High Court of the Federal Capital Territory on Sept. 18, 2024, seeking an apology, a retraction and $3 billion in damages.
According to him, the case, which first came up for hearing on Jan. 22, is set to continue on Feb. 19.
The lawmaker, however, dismissed the latest allegations by Gambaryan, saying that they were desperate attempts by Binance to deflect attention from its own legal troubles.
He maintained that neither he nor his committee coordinated with Nigerian security agencies in their investigation of Binance.
The lawmaker also denied allegations that the DSS, ONSA, Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC) or Nigerian Financial Intelligence Unit (NFIU) were involved in the legislative probe.
He described Binance as a company with a troubling history of legal infractions in multiple countries.
The lawmaker particularly cited the case of Binance’s founder and former CEO, Changpeng Zhao, who, he said, was sentenced to four months in prison in the United States for financial crimes, including money laundering.
He also pointed to the company’s record fines in U.S.A., Canada, India and Uzbekistan for violating anti-money laundering and financial regulations.
Onwusibe lamented that many Nigerians were quick to believe Binance’s version of events without critically examining the facts.
He said the accusations had not only damaged his reputation but had also been used to mock his political party, Labour Party, and even his ethnic group.
Onwusibe, however, said that in spite of the attackes, he remained determined to clear his name.
While insisting on pursuing his lawsuit to its logical conclusion, the lawmaker said that he would also continue to defend the integrity of the Nigerian legislature.
He accused Binance and its executives of attempting to use media blackmail to escape accountability.
According to him, the company’s actions, including the alleged escape of one of its executives from Nigerian custody, have proved that it is acting in bad faith.
Onwusibe reiterated his interest in ensuring that Binance was held accountable for any financial misconduct.
He maintained that the committee’s investigation was conducted fairly and in line with its legislative duties.
The legislator advised Binance to go and face its case in court and stop blackmailing people.
RELATED: Binance saga: Fresh twist as lawmaker linked with $140m bribe allegation reacts
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Togo eyes shift to Sahel bloc as ECOWAS influence declines

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2 hours agoon
March 21, 2025By
John
Togo is signalling a potential realignment in West African geopolitics as it openly explores joining the Alliance of Sahel States (AES), a coalition of military-led Mali, Burkina Faso, and Niger.
This move could further weaken the Economic Community of West African States (ECOWAS), already reeling from the recent departure of the three Sahelian nations.
Togo’s Foreign Minister, Robert Dussey, has been vocal about the country’s interest in the alliance, initially stating in January that membership was “not impossible.”
Last week, he went further, saying on social media, “Togo is considering joining the AES, a strategic decision that could strengthen regional cooperation and offer access to the sea to member countries.”
For Mali, Burkina Faso, and Niger—landlocked nations struggling with jihadist insurgencies and economic hardship—Togo’s coastal access via the port of Lomé would be a game-changer.
With tensions mounting between the Sahel states and ECOWAS members Ivory Coast and Benin, which have been accused of aligning too closely with Western powers, the trio has already shifted some trade to Togo’s ports.
Analysts suggest that formalising this relationship could unlock further economic and security benefits.
“There’s the hope of economic solidarity: access to Nigerien oil, renewed trade routes,” noted Togolese political analyst Madi Djabakate.
He also pointed to security benefits, suggesting Togo could benefit from “more agile military cooperation, intelligence sharing with its neighbours.”
Jihadist attacks have intensified in northern Togo, bordering Burkina Faso, where militant groups linked to al-Qaeda and the Islamic State have operated for over a decade.
The AES, formed initially as a defence pact, has pledged to establish a joint 5,000-strong military force, a move that aligns with Togo’s growing focus on security.
Beyond security, Togo’s shift toward the AES also fits within a broader pan-Africanist ideology that is gaining momentum.
“By engaging with the AES, Togo is part of a pan-African narrative where nations, long divided, are learning to stand together,” Djabakate said.
Some observers argue that domestic politics may also be influencing Togo’s potential pivot. President Faure Gnassingbé, in power since 2005, has faced criticism over constitutional changes that the opposition claims could extend his rule indefinitely.
Aligning with the AES, which has been resistant to Western-backed calls for democratic transitions, could insulate Togo’s leadership from regional pressure on governance and human rights.
One of Togo’s leading opposition figures, Nathaniel Olympio, warned that leaving ECOWAS would have serious consequences.
“Membership of the AES would protect its regime from the constraints of ECOWAS on respect for the rule of law and public freedoms,” he argued.
ECOWAS has been struggling to maintain cohesion after Mali, Niger, and Burkina Faso formally exited the bloc earlier this year.
The trio accused the organisation of serving Western interests rather than addressing the security and economic crises gripping their nations.
Despite its apparent pivot, Togo may not completely sever ties with ECOWAS. Djabakate suggests that Togo could maintain dual affiliations.
“Alliances aren’t marriages, but rather partnerships,” he remarked, adding that Togo’s port in Lomé remains a “vital artery” for the entire West African region.
However, analysts warn that Togo’s potential AES membership could accelerate ECOWAS’s decline.
“Togo joining the AES would speed up its disintegration,” said Seidik Abba, head of the International Center for Studies and Reflections on the Sahel.
“In any case, it will worsen its already precarious situation.”
As West Africa faces an increasingly fractured political landscape, Togo’s decision in the coming months could shape the region’s future trajectory—either reinforcing ECOWAS’s fragile unity or further shifting power toward the rising Sahel bloc.
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White House promises âbig tariffsâ on April 2

Published
5 hours agoon
March 21, 2025By
John
The White House has reaffirmed its plan to impose big tariffs on April 2, as President Donald Trump prepares to unveil reciprocal levies in a significant escalation of his trade war. Press Secretary Karoline Leavitt confirmed on Thursday, March 20, that Trump remains committed to the date, despite earlier comments from Treasury Secretary Scott Bessent suggesting that Washington might first present countries with an assessment of their tariff and trade barriers. Leavitt emphasized that there will be big announcements when it comes to reciprocal trade, stating that the president will highlight the unfair trade practices that have led to America being ripped off by every country around the world, quite frankly. Trumps plan, which targets both US allies and competitors, is expected to introduce tariffs to counter what he considers unfair trade policies. However, the specifics of these measures have yet to be disclosed. Bessent had previously told Fox Business that on April 2, each country will receive a number that we believe represents their tariffs, adding that Washington would approach nations with details on tariff levels, non-tariff barriers, currency manipulation, unfair funding, and labour suppression. He suggested that if countries alter their trade practices, the tariffs might not be implemented. We will not put up the tariff wall if adjustments are made, he said. Bessent also indicated that some duties might not take effect immediately if negotiations are pre-arranged or if countries seek swift discussions with Washington.The post White House promises big tariffs on April 2 appeared first on Linda Ikeji Blog.
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NAFDAC alerts public on counterfeit chlorpheniramine, dexamethasone injection

Published
8 hours agoon
March 21, 2025By
John
The National Agency for Food and Drug Administration and Control (NAFDAC) has alerted the public about the sale of mislabelled Chlorpheniramine and Dexamethasone injection ampoules in Nigeria.
In a public alert (No. 06/2025) made available on the agency’s website, NAFDAC revealed that these injections were repacked and mislabelled as Noristerat Injection 200mg.
It stated that samples of the counterfeit product had been found in Niger State, Bauchi State, and especially at the Coordinated Wholesale Centre (CWC) in Kano State.
NAFDAC also stated that the counterfeiters had been tracked and arrested for further investigation and regulatory enforcement.
The agency clarified that genuine Noristerat 200mg was a contraceptive injection that provided eight weeks of pregnancy protection and was a short-term birth control method.
NAFDAC directed all zonal directors and state coordinators to monitor and remove the falsified products from circulation within their zones and states.
The agency urged importers, distributors, retailers, healthcare professionals, and caregivers to be vigilant in the supply chain to prevent the entry of counterfeit products.
The agency emphasised that medical products should only be obtained from authorised or licensed suppliers and that their authenticity and physical condition should be carefully checked.
NAFDAC encouraged healthcare professionals and consumers to report any suspicions of substandard or falsified medicines or medical devices to the nearest NAFDAC office, or through the NAFDAC helpline at 0800-162-3322, or via email at sf.alert@nafdac.gov.ng.
It also urged healthcare professionals and patients to report any adverse events or side effects related to the use of medicinal products or devices through the nearest NAFDAC office.
It said the public could also report negative drug effects using the E-reporting platforms available on the NAFDAC website (www.nafdac.gov.ng) or through the Med-Safety app, available on Android and iOS stores, or via email at pharmacovigilance@nafdac.gov.ng.
NAFDAC said that the falsified injection alert would also be uploaded to the World Health Organisation (WHO) Global Surveillance and Monitoring System (GSMS).
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