The Nigerian government has reiterated its commitment to a lawful and transparent trial of Tigran Gambaryan, a top executive at Binance, a leading cryptocurrency platform. This assurance comes despite pressure from the US government and lawmakers to release Gambaryan, who has been detained in Nigeria for several weeks.

According to Nigeria's Minister of Information and National Orientation, Mohammed Idris, the trial is proceeding in accordance with Nigerian legal protocols, with due process followed at every stage. The government has also granted Binance consular access and ensured the necessary care for Gambaryan, in line with diplomatic protocols and the rule of law.

The US government has intervened in the matter, with twelve lawmakers writing to President Joe Biden, Secretary of State Antony Blinken, and Presidential Envoy for Hostage Affairs Roger Carstens, urging them to expedite Gambaryan's release. The lawmakers argue that the allegations against him are baseless and that his detention is unjust. They have also expressed concerns about Gambaryan's safety and well-being, citing inadequate healthcare provision in prison.

Binance CEO Richard Teng has condemned Gambaryan's detention, labeling it as unjust and setting a dangerous precedent for international businesses. Despite Binance's efforts to cooperate with Nigerian authorities, Gambaryan remains detained, with Teng criticizing the government's approach as a departure from the spirit of cooperation and transparency.

This development comes amid Nigeria's intensified cryptocurrency crackdown, following the ban on peer-to-peer trading and previous restrictions imposed by the Central Bank of Nigeria. The incident has raised concerns about the implications for the future of the cryptocurrency industry in Nigeria.

In conclusion, the Nigerian government has assured a fair trial for Binance executive Tigran Gambaryan, despite pressure from the US government and lawmakers. The incident highlights the escalating tensions between cryptocurrency platforms and regulatory authorities, raising concerns about the future of the industry in Nigeria.