News
Family of Detained Binance Executive, Raises Alarm Over Deteriorating Health, Rights Violations in Nigerian Custody
Family of Tigran Gamabryan, a Binance executive who has been detained by the Nigerian government, has raised serious concerns about his deteriorating health and the alleged violation of his rights as he approaches six months in custody.
Gamabryan, who has been in detention since February 26th, 2024, is reportedly suffering from severe health issues, including a herniated disc and spinal injury, which have left him unable to walk.
According to a statement released by his family on Tuesday, the prison authorities have refused to provide Gamabryan with a wheelchair, forcing him to remain bedridden. This has resulted in muscle atrophy, requiring him to take blood thinners to prevent blood clots. His condition they said, has worsened over time, and he has also suffered from malaria, double pneumonia, and now severe tonsillitis, which reportedly requires surgery.
The statement also revealed that Gamabryan’s legal team has also faced significant challenges in accessing him.
“From July 26th to August 14th Tigran’s legal team were denied entry to visit him in prison – with no explanation – which is against the Nigerian constitution and the governing laws of the prison in which he is being held.
When the team was allowed to visit him (after it was made public that they had been denied entry), they were only allowed a 5 minute visit which is insufficient time to prepare for his trial, in contravention of the Nigerian constitution (Chapter 4 section 36, subsection 6b). Since then they have been denied entry again.”
The U.S. Embassy, which has been involved in the case, no longer has access to Gamabryan due to his inability to walk to the visitor area.
His family has also expressed concern that his health will continue to deteriorate without proper medical care.
Gamabryan’s detention began under controversial circumstances. He was invited to Nigeria by the government for a meeting and was assured of his safety.
However, during the meeting, his passport was confiscated, and he was taken to a “guest house” where he was held for nearly a month before being formally charged. The Nigerian authorities initially informed the American Embassy that Gamabryan was staying at the guest house willingly.
He was eventually moved to Kuje prison after charges were brought against him by the Nigerian Economic and Financial Crimes Commission (EFCC). The EFCC prosecutor reportedly stated that Gmabryan was being charged because Binance operates virtually, and he was the only individual they could hold accountable.
“Tigran was invited to Nigeria by the Nigerian government for a meeting and was given assurances that he would be safe. However, during the meeting his passport was taken and he was made to pack his items from the hotel and was taken to a “guest house”.
“After he was detained by them, the Nigerian authorities told the American Embassy that Tigran was staying at the guest house willingly.
Tigran was held for almost one month in this guest house before two sets of charges were brought against him and Binance and Tigran was moved to the infamous Kuje prison. According to the Nigerian EFCC prosecutor, Tigran is being charged because, “The 1st defendant (Binance) is operating virtually. The only thing we have to hold on to is this defendant.”
In addition to the charges from the EFCC, Gamabryan was initially facing tax evasion charges brought by the Nigerian Federal Inland Revenue Service (FIRS). These charges were dropped on June 14th, with the FIRS agreeing to pursue the charges against Binance through a locally-appointed representative.
The trial for the remaining charges began on May 17th, with Binance offering to appoint a local representative. Cross-examination of the witnesses has started, but the court went on recess until October. However, an application to hear the case during the recess was granted, and the next hearing is scheduled for September 2nd.
Despite repeated court orders, the Nigerian authorities have refused to release Gamabryan’s medical records to his legal team and the U.S. Embassy. In response, the judge presiding over the case issued a bench warrant for the arrest of the Nigerian prison doctor.
Gamabryan has reportedly missed several significant milestones while in detention, including his son’s 5th birthday, his own 40th birthday, and his upcoming 15th wedding anniversary.
His family continues to plead for his release, citing the severe toll his detention has taken on his health and the violation of his legal rights.
Entrepreneurs backed by the Tony Elumelu Foundation (TEF) have generated more than $4.2 billion in cumulative revenue since the organisation began its grant programme in 2015, according to Somachi Chris-Asoluka, chief executive officer of the foundation.
Chris-Asoluka, revealed this during a virtual media briefing, where she also stated that over $100 million has been distributed to nearly 24,000 young entrepreneurs across Africa.
She noted that the beneficiaries of the programme have gone on to create about 1.5 million jobs, both directly and indirectly, across various sectors of the continent’s economy.
The performance, she said, has strengthened the resolve of the foundation and its partners to scale up financial support for emerging businesses.
Chris-Asoluka emphasised that the foundation’s interventions are anchored on the conviction that entrepreneurship is central to reducing poverty and reshaping Africa’s economic future.
She explained that selected participants receive a $5,000 seed capital grant, in addition to structured business training and mentorship designed to help them either expand existing enterprises or establish new ones.
Highlighting operational challenges faced by entrepreneurs, she identified inadequate electricity supply as a major constraint.
According to her, many small businesses spend as much as 60 per cent of their earnings on alternative power solutions, including generators and inverters.
To mitigate this challenge, she disclosed that Tony Elumelu, TEF founder, alongside the foundation’s leadership, has been engaging governments across Africa on the urgent need to improve power infrastructure.
She further stated that investments by programme beneficiaries cut across critical sectors such as agriculture, artificial intelligence, manufacturing, and technology innovation.
Chris-Asoluka also announced that the foundation’s 2026 cohort of entrepreneurs will be formally unveiled by Elumelu in Abuja.
A new financial operations platform, Morney, has officially launched in Nigeria to help businesses face growing pressure to digitise their finance processes as the country’s shift towards electronic invoicing.
Developed by Morzoe Technologies Inc. and introduced locally through its partner, BuySimply Services Limited, the platform is designed to help organisations streamline and automate financial workflows.
Speaking at the launch, Head of Growth at BuySimply, ‘Mide Olubi, said many Nigerian organisations still depend on fragmented systems such as emails and spreadsheets to manage expenses, supplier invoices and payments.
According to him, this approach often results in inefficiencies, delayed processes, weak oversight and a higher risk of errors.
He noted that Nigeria’s increasing adoption of electronic invoicing and tax digitisation frameworks is accelerating the need for structured and transparent financial systems. Businesses, he said, must move away from manual processes and adopt platforms that provide clear visibility into financial operations.
Morney integrates payments, procurement, expenses and invoicing into a single system, enabling finance teams to automate approvals, monitor transactions in real time and maintain accurate records.
The platform also supports supplier onboarding and invoice processing, helping organisations better manage operational spending.
The company revealed that businesses across sectors such as FMCG, manufacturing, energy, banking and telecommunications are already adopting the solution to improve efficiency and strengthen financial control.
It added that the partnership with BuySimply reflects a broader trend of digital transformation, as organisations respond to evolving regulatory requirements and the demand for more efficient financial management systems.
Dr Krishnan Ranganath (Krish) to Lead UniCloud Africa in Continental Digital Infrastructure Push
UniCloud Africa Limited, the premier pan-African cloud platform dedicated to advancing the continent’s digital sovereignty, has announced the appointment of Dr. Krishnan Ranganath as its Chief Executive Officer.
Dr. Krish, a seasoned industry leader known for building and scaling digital infrastructure while maintaining rigorous operational excellence, steps into the role as UniCloud Africa accelerates its mission to redefine the continent’s digital landscape.
The appointment coincides with the groundbreaking launch and immediate availability of UniCloud Africa’s enterprise-grade Sovereign Cloud and Artificial Intelligence (AI) infrastructure across six key markets: Nigeria, Ghana, South Africa, Zambia, Senegal, and Mozambique, even as it plans to launch in Kenya, Tanzania, DRC, Uganda, Ethiopia and Côte d’Ivoire as part of further continental expansion.
Operating under the mission of “One Cloud, One Africa,” UniCloud Africa provides governments and enterprises with a world-class, fully compliant sovereign cloud alternative to high-latency offshore providers,ensuring a robust, scalable foundation tailored to Africa’s unique environmental and economic needs.
“UniCloud sits at the epicentre of Africa’s cloud evolution. We are committed to deploying 100% sovereign infrastructure across the continent. My focus is on driving high-growth partnerships and scaling the next generation of resilient, sustainable cloud infrastructure to accelerate the evolution of the African digital ecosystem,” said Dr. Krish, CEO of UniCloud Africa Limited.
He disclosed that his focus at UniCloud Africa is on driving high-growth partnerships and scaling the next generation of resilient, sustainable cloud infrastructure, and will deploy GPUs in certain economies based on market potential and need.
While admitting that the challenges from AI integration to the green energy transition are immense, Dr Krish believes that the opportunities are greater. “I am eager to collaborate with our partners and customers to redefine the digital frontier and accelerate the evolution of the African digital ecosystem,” he added.
Ladi Okuneye, Co-founder and outgoing CEO (who remains as a director on the board) remarked: “As we enter this new chapter of growth, I am confident that Dr Krish’s extensive experience in the African digital landscape will add immense value. His technical depth and regional insight make him the ideal leader to drive UniCloud Africa forward.”
Before he was appointed CEO of UniCloud Africa, Dr. Krish was, until last month, the Regional Executive – West Africa at the Africa Data Centres (ADC).
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