Connect with us

Hi, what are you looking for?

NigerianEyeNewsPaperNigerianEyeNewsPaper

Currency Exchange

Nigerian Government Drops All Charges Against Binance Executive Tigran Gambaryan

 

In a significant development, the Nigerian government has withdrawn all money laundering charges against Tigran Gambaryan, an executive at Binance Holdings. The decision was made public on Wednesday morning by a lawyer from the Economic and Financial Crimes Commission (EFCC) during a hearing at the Federal High Court in Abuja.

 

Gambaryan, a United States citizen, had been detained since April, facing charges related to money laundering. His case, which had drawn considerable attention, was adjourned last week to October 25 due to his absence in court, with authorities citing his critical illness as the reason.

 

At the hearing on Friday, the Nigeria Correctional Service (NCS) informed Justice Emeka Nwite that Gambaryan could not attend the trial due to his health condition. His lawyer, Mark Mordi (SAN), expressed uncertainty about his client’s whereabouts at the time. The EFCC’s counsel, Ekele Iheanacho (SAN), also expressed surprise at Gambaryan’s absence.

 

On Wednesday, however, the EFCC’s lawyer clarified that Gambaryan was not involved in Binance’s broader financial operations. He was described as merely an employee whose role did not extend to making executive decisions for the company. This statement was echoed by Gambaryan’s defense team, led by Mark Mordi, who emphasized that his client’s responsibilities were limited and that he had no direct involvement in the financial misconduct the company was being investigated for.

 

The decision to drop the charges marks the end of a months-long legal battle involving the cryptocurrency giant’s executive and the Nigerian authorities.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Crisis

The Federal Capital Territory Administration (FCTA) has sealed off Wadata Plaza in Abuja, the building that hosts the National Secretariat of the Peoples Democratic...

Featured

The Ibenanaowei of Ekpetiama Kingdom in Bayelsa State, King Bubaraye Dakolo, has issued a damning rebuke of the Nigerian government, accusing it of deliberately...

Entertainment

Nigerian music sensation David Adeleke, popularly known as Davido, paid a courtesy visit to President Bola Tinubu at the presidential villa in Abuja on...

Featured

President Bola Tinubu has firmly rejected claims by opposition leaders that he is working to make Nigeria a one-party state. The president made this...

Copyright © 2023 NigerianEyeNewsPaper.Com. Design by Weforce Digital Technologies