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Market News

Family Pleads for Release of Ailing Binance Exec in Nigeria

Tigran Gambaryan's health deteriorates in Nigerian custody, prompting urgent calls from his family for immediate release and highlighting systemic rights violations.

Written By:
Kelvin Munene

Reviewed By:
Jahnu Jagtap

Last updated: August 12, 2024 11:08 PM
Published 2024-08-12
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Last updated: August 12, 2024 11:08 PM
Published 2024-08-12
Family Pleads Release of Binance Exec

Detained Binance executive Tigran Gambaryan faces a grave health crisis, requiring surgeries to remove his tonsils and correct a herniated disc. According to his wife, Yuki, his condition has rapidly deteriorated, leaving him wheelchair-bound and bedridden.

Gambaryan’s legal team faces restricted access, raising fair trial concerns. His right to communicate with counsel, guaranteed under Nigerian law, has been severely compromised, exacerbating the family’s distress.

Gambaryan has suffered multiple health setbacks including throat infections, pneumonia, and malaria. These ailments have necessitated the use of blood thinners to prevent dangerous clotting, complicating potential surgeries.

Source

Yuki Gambaryan has made an urgent plea to the Nigerian government. She fears the worsening of Tigran’s herniated disc could cause permanent damage, affecting his ability to walk and leading to irreversible consequences.

The rights afforded to Gambaryan under Nigerian law, including reasonable access to legal advisors and health care, are being conspicuously ignored. 

Section 45 of the Nigerian Prisons Regulations guarantees detainees the right to communicate with counsel and receive visitors, a stipulation clearly breached in Gambaryan’s case. His legal representatives have reported restricted access, hampering their ability to provide adequate defense and monitor his health conditions closely.

In June, Nigerian authorities dropped tax charges against Gambaryan and his colleague, yet money laundering charges remain. This ongoing legal battle keeps Tigran detained without resolution, with a verdict expected on October 11, 2024.

U.S. Congressman Rich McCormick has responded to Gambaryan’s plight by proposing legislation to treat his detainment as a hostage situation. This international pressure highlights the perceived unlawfulness of his detention.

The Gambaryan family, along with global supporters, continues to push for his immediate release or access to essential medical care. The situation remains a focal point of international human rights advocacy.

Also Read: Binance CEO Demands Release of Tigran Gambaryan in Nigeria

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Kelvin is former crypto journalist at The Crypto Times
By Kelvin Munene
Kelvin Munene is a seasoned crypto journalist who excels in news writing, analysis, trading, editorial services, and market research. With over 5 years of working with major publications in different roles, Kelvin has earned extensive experience in the Crypto space. A passionate blockchain enthusiast, Kelvin balances his extensive research with family time and football.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
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Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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