The Nigerian government, under President Bola Tinubu’s administration, has officially withdrawn all criminal charges against Tigran Gambaryan, an executive at Binance Holdings.
Gambaryan, a U.S. citizen, had been facing a money laundering trial and was held in detention since April.
The decision was pronounced on Wednesday by the Economic and Financial Crimes Commission (EFCC) at the Federal High Court in Abuja.
The announcement follows a recent adjournment of Gambaryan’s trial to October 25 after his absence in court on Friday.
The Nigeria Correctional Service (NCS) had informed Justice Emeka Nwite that the Binance executive was critically ill and could not be present. Neither Gambaryan’s lawyer, Mark Mordi, SAN, nor the EFCC’s lawyer, Ekele Iheanacho, SAN, knew why he missed the previous court session.
On Wednesday, the EFCC clarified that Gambaryan was merely an employee at Binance, without authority over the company’s broader financial operations. His legal representative, Mark Mordi, SAN, concurred, emphasizing that Gambaryan’s role did not involve making major financial decisions for the company.
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