Federal Govt Drops Money Laundering Charges Against Binance Executive

Tigran Gambaryan

By Victory Oghene 

The federal government has withdrawn the money laundering charges filed against Tigran Gambaryan, an executive of Binance Holdings Limited.

In April, the Economic and Financial Crimes Commission (EFCC) arraigned Binance, a cryptocurrency firm, and Gambaryan, on allegations of money laundering.

Gambaryan has been in detention since February following the clampdown on the cryptocurrency firm over alleged manipulation of the Nigerian currency.

…Details later