The Nigerian government has defended its decision to take legal action against Binance and its executive, Tigran Gambaryan, despite criticism from US lawmakers. Information Minister Mohammed Idris assured that the prosecution is following Nigerian legal protocols and standards, and that evidence will be robustly presented in court.

The case has attracted international attention, with 12 US politicians appealing to President Joe Biden to intervene. They claim that the charges against Gambaryan, including money laundering and tax evasion, are unfounded and being used as a pressure tactic. However, Minister Idris stated that appropriate consular access has been provided to Binance and its executives, and that Nigeria's legal system and diplomatic protocols are being followed.

The charges against Binance in Nigeria include multiple allegations, including tax evasion and money laundering. The government's crackdown on cryptocurrency activities aims to curb foreign exchange speculation and ensure financial stability. As part of the legal battles, a Nigerian court has ordered Binance to provide data and details of Nigerian investors using its platform, in an effort to regulate cryptocurrency trading and prevent financial crimes.

In conclusion, the Nigerian government remains committed to its legal action against Binance and its executive, despite international pressure. The case highlights the broader scrutiny and regulatory challenges faced by cryptocurrency exchanges in Nigeria, and the government's efforts to ensure financial stability and prevent financial crimes.