The Federal Government has announced the withdrawal of money laundering charges against Tigran Gambaryan, an executive at Binance Holdings Limited. This decision comes as a significant development in the ongoing legal issues facing Binance.
Gambaryan, who serves as Binance’s U.S. head of financial crime compliance, along with Nadeem Anjarwalla, the exchange’s British-Kenyan regional manager for Africa, was previously charged with money laundering involving $35 million by the Economic and Financial Crimes Commission (EFCC).
Both executives were detained by the National Security Adviser’s office, but Anjarwalla managed to escape lawful custody on March 22, 2024. Gambaryan, on the other hand, was arraigned in April and ordered to be remanded in Kuje Correctional Facility following the court proceedings.
Further details on the withdrawal of charges are expected to be released soon.
