Binance CEO Richard Teng has spoken out against the Nigerian government's detention of Tigran Gambaryan, a key executive, for over 70 days. Gambaryan was in Nigeria for policy discussions, but was arrested despite assurances of safe passage. This move sets a dangerous precedent for companies worldwide, Teng warns.

Gambaryan, an expert in financial crime, was in Nigeria to contribute to policy discussions, not to make decisions or negotiate. His arrest, along with regional manager Nadeem Anjarwalla, has raised concerns about the safety of executives and the rule of law in Nigeria. Teng demands Gambaryan's immediate release, citing the need to protect innocent users and cooperate with authorities to remove bad actors.

Binance has a history of seeking guidance and cooperation with Nigerian authorities, but has received no response. Despite this, the exchange has suspended activities in Nigeria and delisted the naira to secure Gambaryan's release. The CEO accuses the Nigerian government of conspiring to control Binance through Gambaryan's detention, despite the exchange's efforts to engage and comply.

The situation highlights the risks of doing business in Nigeria and the need for companies to stand up against unjust actions. Teng's statement is a call to action, urging the Nigerian government to release Gambaryan and respect the rule of law.