The federal government has dropped the money laundering charges brought against Tigran Gambaryan, the executive of Binance Holdings Limited.
It is recalled that in April this year, the Economic and Financial Crimes Commission (EFCC) had filed charges against Binance, a cryptocurrency firm, and Gambaryan on the grounds of alleged money laundering.
Mr. Gambaryan, a citizen of the United States, has been held in detention since February, following the government’s crackdown on Binance over allegations of manipulation of the naira.
The representative of the EFCC withdrew the charges against Mr. Gambaryan at the Federal High Court in Abuja on Wednesday.
In announcing this development, the lawyer clarified that Mr. Gambaryan was simply an employee of Binance, for which he was facing charges.
