Tigran Gambaryan, the head of financial crime at cryptocurrency firm Binance, has made a shocking accusation against three Nigerian lawmakers, claiming that they demanded a $150 million bribe in cryptocurrency during a meeting with company representatives. Gambaryan, who was detained for several months in Nigeria, identified the lawmakers as Peter Akpanke, Philip Agbese, and Ginger Obinna Onwusibe.

According to Gambaryan, the meeting took place in January 2024 and was orchestrated by members of Nigeria's House of Representatives under the leadership of Ginger Obinna Onwusibe. He alleged that the lawmakers set up fake cameras and media to make the meeting appear official, but the cameras weren't even plugged in. The meeting ultimately ended with the lawmakers asking for a $150 million bribe, paid in cryptocurrency into their wallets.

Gambaryan also implicated Nigeria's Department of State Services (DSS), claiming that the intelligence agency was aware of and involved in the House of Representatives' dealings. However, he did not provide any documentary evidence to support his claims.

The allegations come amidst a backdrop of tension between Binance and the Nigerian government. In May, the Nigerian government dismissed Gambaryan's bribery allegations as "false and unfounded," denying that any individuals had demanded $150 million in cryptocurrency to settle criminal charges against Binance.

Central Bank Governor Yemi Cardoso had previously alleged that Binance Nigeria had facilitated over $26 billion in transactions from unidentified sources within a year. However, Gambaryan dismissed this accusation, saying Nigerian authorities had fabricated allegations against Binance. He explained that the transactions were simply cumulative trade data for Nigerians on the platform, and the money didn't leave Nigeria, it was just people buying and selling crypto.

The allegations have significant implications for the cryptocurrency industry, particularly in Nigeria, which is Africa's second-largest crypto-owning country. The accusations also raise questions about the integrity of the Nigerian government and its institutions. As the story continues to unfold, it remains to be seen how the Nigerian government will respond to Gambaryan's allegations and what consequences, if any, will be faced by the lawmakers accused.

The incident also highlights the challenges faced by cryptocurrency companies operating in Nigeria and other African countries. The lack of clear regulations and oversight has created an environment where bribery and corruption can thrive. It is essential for governments and regulatory bodies to establish clear guidelines and frameworks to ensure the integrity of the cryptocurrency industry.

In conclusion, Gambaryan's allegations against the Nigerian lawmakers have sent shockwaves through the cryptocurrency industry. As the investigation continues, it is crucial to ensure that the truth is uncovered, and those responsible are held accountable. The incident serves as a reminder of the need for greater transparency and accountability in the cryptocurrency industry, particularly in regions where regulatory frameworks are still evolving.