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Binance Official Freed as Nigeria Withdraws Money Laundering Charges

By SG Editor·
Ghana parliament speaker suspends proceedings amid political deadlock.

Ghanaian parliamentary session paused as Speaker suspends debates indefinitely.

A Nigerian court has directed the release of Tigran Gambaryan, a Binance executive who had been detained since February on accusations of laundering over $35 million. The charges were part of a broader case against Binance, which Nigeria blamed for contributing to the naira’s depreciation by allegedly facilitating the flow of untraceable funds. Gambaryan, a former US law enforcement officer, and Binance had denied all the allegations. The court’s order comes after prosecutors dropped charges against him, planning to proceed with the case against Binance without him in custody. Nigeria’s Economic and Financial Crimes Commission (EFCC) withdrew the case, citing Gambaryan’s need for medical treatment abroad. The US had lobbied for months for his release, with the EFCC’s lawyer revealing that diplomatic efforts played a role in securing it.

SOURCE: SEMAFOR

Binance Official Freed as Nigeria Withdraws Money Laundering Charges | africa.com