Freedom at Last: Nigeria Drops Money Laundering Charges Against Detained Binance Executive, Gambaryan

A Federal High Court in Abuja, Nigeria, has ordered the release of the detained Binance executive Tigran Gambaryan on the grounds of his deteriorating health condition.

This latest development would allow Tigran to leave the country for medical treatment after spending several months in the country's Kuje Prison. 

 

Tigran Gambaryan was arrested  in February alongside Nadeem Anjarwalla, Binance Regional Manager for Africa, by the Office of National Security Adviser(ONSA), headed by Nigeria's former anti-graft chairman Nuhu Ribadu, on the allegations of currency manipulation, money laundering and tax evasion. 

 

While Nadeem escaped from detention in March, Tigran remained in what is reported to be one of the country's worst prisons in Abuja, the federal capital, battling a deteriorating health. 

 

The decision to release Tigran is in connection with the federal government's plan to give the Economic Financial Crime Commission the full range to prosecute Binance Holdings Ltd in its own name and as the only party in the suit brought against it February, the government prosecutor told the local press.