AFRICA

Nigeria Drops Money Laundering Charges Against Binance Executive Gambaryan

The Nigerian government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who has been on trial for money laundering to the tune of $34.4million since April.

A lawyer representing Nigeria’s anti-corruption agency, the EFCC, which is prosecuting the case, announced the withdrawal of the charges at the Federal High Court in Abuja.

The hearing, comes two days earlier than the 25 October earlier scheduled as the return date by the trial judge, Emeka Nwite, last Friday.

Announcing the withdrawal of the charges, the lawyer said Mr Gambaryan, a United States citizen, was merely an employee of Binance, whose activities he was being prosecuted for.

Mark Mordi, a Senior Advocate of Nigeria representing Mr Gambaryan, agreed with the prosecution, noting that his client was not involved in the company’s broader financial decisions.

This eventual outcome of the trial is most likely the climax of alleged diplomatic lobbying by the U.S. government to secure Gambaryan’s release. Gambaryan has been attending trial from the Kuje Correctional Centre in Abuja where his legal team had expressed concerns about very poor conditions.

Follow us on:

AriseNews

Recent Posts

Gbadebo Rhodes-Vivour: Commercialisation Of GMO Seeds Can Take Away Nigeria’s Food Sovereignty, Cause Health Issues

Gbadebo Rhodes-Vivour has condemned the commercialisation of GMO seeds, warning of threats to Nigeria’s food…

12 hours ago

Usyk Defeats Fury on Points in Riyadh to Retain Heavyweight Championship Title

Oleksandr Usyk has secured victory over Tyson Fury in Riyadh, successfully defending his heavyweight championship…

17 hours ago

Albania to Ban TikTok for a Year After Schoolboy’s Death Sparks Concerns

Albania plans a one-year TikTok ban from January after a schoolboy’s death sparks concerns over…

20 hours ago

Suspect Remanded in Custody Over Deadly Attack at German Christmas Market

A suspect accused of killing five people by driving into a crowded Christmas market in…

20 hours ago

US Fighter Jet ShotDown in Red Sea ‘Friendly Fire’ Incident Amid Heightened Tensions

A US Navy F/A-18 Hornet was mistakenly shot down over the Red Sea by the…

20 hours ago

NNPC, Dangote Refinery Slash Petrol Prices to N899 Per Litre Amid Rising Competition

NNPC has reduced petrol ex-depot price to N899 per litre, sparking competition with Dangote Refinery…

21 hours ago