The Nigerian government has dropped all charges against Tigran Gambaryan, a Binance Holdings executive who had been on trial for money laundering since April. The Economic and Financial Crimes Commission (EFCC) announced the withdrawal at the Federal High Court in Abuja on Wednesday morning, just days before the scheduled return date of October 25.
The EFCC’s lawyer stated that Gambaryan, a U.S. citizen, was only an employee of Binance and was not responsible for the company’s broader financial activities. His defense, led by Senior Advocate of Nigeria Mark Mordi, agreed with the prosecution, emphasizing that Gambaryan had no involvement in key financial decisions.
VOP TV has learned that Wednesday’s hearing followed months of diplomatic negotiations between Nigeria and the U.S. to secure Gambaryan’s release. U.S. lawmakers had also campaigned for his freedom, urging both Nigerian and American authorities to intervene after Gambaryan was denied bail twice due to flight risk concerns.
