• Biden praises Nigeria’s Tinubu for securing release of Binance exec Tigran Gambaryan after eight months.

  • U.S.-Nigeria liaison group launches to tackle crypto crime and enhance cross-border financial security.

  • Gambaryan’s release highlights urgency in U.S.-Nigeria collaboration on economic security and crypto regulation.

President Joe Biden personally expressed gratitude towards Nigerian President Bola Tinubu on Tuesday. Biden acknowledged Tinubu's contribution in ensuring the freedom of Tigran Gambaryan, an executive at Binance.

https://twitter.com/EdGeraldX/status/1851502996766523728

Gambaryan had spent eight months in detention in Nigeria. He was accused of committing money laundering and tax evasion.  Nigerian authorities later dropped the charges.

Cooperation on Security 

The White House released a statement expressing Biden's gratitude for Tinubu's contributions. Biden emphasized the significance of cooperation between the United States and Nigeria. 

He noted the value of joint efforts in law enforcement and economic security. The U.S. views Nigeria as a key partner in cross-border security matters. This cooperation strengthens both nations’ interests and mutual goals.

Gambaryan’s Health Concerns 

During his time in Nigeria’s Kuje Prison, Gambaryan’s health deteriorated severely. He suffered from malaria, pneumonia, tonsillitis, and severe back pain. His family reported that these health issues worsened. 

This raised concern among U.S. officials and advocacy groups. They urged Biden’s administration to advocate for Gambaryan’s release.

Gambaryan’s release last week led to his safe return to the U.S. Several lawmakers and former officials campaigned for his freedom. His case drew attention to crypto regulation and international cooperation. The incident highlighted the need for stronger partnerships against financial crime.

Group to Address Crypto and Finance Issues

In response, the U.S. Department of State formed a new liaison group with Nigeria. This group will focus on cryptocurrency and combating illicit finance. The White House shared details of Biden and Tinubu’s discussion. 

Both leaders view the liaison group as essential for tackling global finance issues. They see it as a step toward economic security and transparency.

The liaison group aims to address crypto-related crimes. It will work on ensuring financial security and transparency. Biden’s conversation with Tinubu shows both nations’ commitment to aligned strategies. Their cooperation underscores shared goals in tackling financial misconduct.

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