The House of Representatives has dismissed allegations of bribery made by a Binance executive, Tigran Gambaryan, describing them as an attempt to discredit Nigerian institutions.

Gambaryan had alleged that certain members of the House demanded a $150 million bribe during the dispute between the cryptocurrency platform and the Federal Government—a claim that Nigerian authorities have strongly denied.

In a statement on Saturday, the spokesperson for the House of Representatives, Akin Rotimi Jr, stated: “These allegations, which were first circulated last year, are directed at individual members, not the institution itself.”

The House urged the public to rely on verified information rather than what it described as “recycled claims” aimed at tarnishing the reputation of Nigerian institutions and public officials.

It further stressed that the allegations were serious and warranted clarification, “The Honourable Members named have assured the House Leadership that they had no such dealings as reported. One of the members has already taken legal action to clear his name, while others affected have been encouraged to do the same in pursuit of justice and the protection of their reputations,” the statement added.

Rotimi also noted that, with both the United States and Nigerian governments now involved in the matter, it had evolved into a diplomatic engagement at the government level. He highlighted that, in the course of high-level discussions, the Federal Government of Nigeria had prioritised national interests over external commercial pressure, including rejecting financial settlement offers from Binance.

“These facts raise serious questions about the credibility and intent of the allegations being peddled” it said, adding that given the legal proceedings and ongoing diplomatic discussions, it would refrain from making further comments in accordance with parliamentary, judicial, and diplomatic protocols.

“The House remains steadfast in its commitment to transparency, accountability, and the protection of Nigeria’s democratic institutions,” it said.