The Nigerian government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who had been on trial for money laundering since April.Â
On Wednesday, October 23, 2024, a lawyer representing the Economic and Financial Crimes Commission (EFCC), the prosecuting agency, announced the decision to withdraw the charges at the Federal High Court in Abuja.
The prosecutor explained that Gambaryan, a U.S. citizen, was simply an employee of Binance and not responsible for the activities for which he was being prosecuted.
Mark Mordi, a Senior Advocate of Nigeria (SAN) and Gambaryan’s lawyer agreed with the prosecution, stating that his client was not involved in the company’s broader financial decisions.
