Nigeria drops money laundering charges against Binance exec
2024-10-23

The Nigerian government has dropped all charges against Binance executive Tigran Gambaryan, who was detained in prison in Nigeria for more than seven months.
A lawyer representing Nigeria’s government prosecutor, the Economic and Financial Crimes Commission (EFCC), announced the withdrawal of the charges at the Federal High Court in Abuja on Oct. 23, the local news agency Premium Times reported.
Announcing the withdrawal of the charges, the EFCC lawyer said that Gambaryan, a United States citizen, wasn’t serving a senior role at Binance, whose activities he was being prosecuted for.
The EFCC reportedly dropped the charges against Gambaryan at a hearing coming two days before the planned hearing that was scheduled for Oct. 25. According to the report, the hearing on Wednesday appeared to have been intentionally held to avoid public attention as much as possible.
This is a developing story, and further information will be added as it becomes available.