On Wednesday, the Federal Government withdrawal the money laundering charges against Tigran Gambaryan, a detained executive of Binance Holdings Limited, due to concerns about his health and diplomatic efforts.
According to the News Agency of Nigeria (NAN), Gambaryan was the second defendant in the case brought against the cryptocurrency firm (the first defendant) by the Economic and Financial Crimes Commission (EFCC).
R. U. Adagba, the EFCC’s lawyer, informed Justice Emeka Nwite at the Federal High Court in Abuja about the government’s decision to drop the charges against Gambaryan due to his worsening condition. However, she noted that the EFCC would proceed with the charges against Binance Holdings Limited.
Following this information from Adagba and the defense attorney, Justice Nwite discharged Gambaryan from the case and postponed the trial against the cryptocurrency company to November 22 and November 25 for further proceedings. (NAN)
