Nigeria drops money laundering charges against Binance exec

Announcing the withdrawal of the charges, the EFCC lawyer reportedly said that Tigran Gambaryan was merely an employee of Binance.

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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.

The EFCC lawyer said that Gambaryan, a United States citizen, wasn’t serving a senior role at Binance, whose activities were the target of the prosecution.

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