Suggestions




·

Just In: Nigerian Govt Drops Money Laundering Charges Against Binance Executive Amid Health Concerns

October 23, 2024
by
Just In: Nigerian Govt Drops Money Laundering Charges Against Binance Executive Amid Health Concerns

The Federal Government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who was facing trial for money laundering.

Ekene Iheanacho, Counsel to the Economic and Financial Crimes Commission (EFCC), confirmed the decision in an interview on Wednesday morning.

Join our WhatsApp Channel

“The charges were dropped due to diplomatic issues, and Gambaryan’s health has significantly worsened,” Iheanacho said.

READ ALSO: Again, Federal High Court Denies Binance Executive, Gambaryan Bail

Gambaryan, a key figure at Binance, had been involved in a high-profile case that raised concerns about money laundering activities within the crypto industry.

Binance has faced increasing scrutiny globally, but this case is a significant development for the company, potentially easing some of the legal pressure it has been under.

However, the EFCC declined to comment further on the future of other investigations related to them.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Related Posts

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?
Previous Story

Naira Slips To ₦1,653 As Dollar Supply Drops

Dangote Refinery, FCCPC Clash As NNPCL Insists On Importation Of Fuel
Next Story

Naira-for-Crude Deal Boosts As Dang0te Refinery Gets First Supply From NNPCL

Featured Stories

Related Posts

Latest from Business

Unity–Providus Merger: Customers May Face Short-Term Disruptions

The proposed merger between Unity Bank Plc and Providus Bank Limited has entered its final stage, with integration activities underway following regulatory approval and shareholder backing. For customers, the main concern is likely to be short-term disruption as the two banks combine

Nigeria-Germany Talks Raise Hopes for Power, Jobs, Security Gains

Millions of Nigerians struggling with unreliable electricity and limited job opportunities could see some relief after fresh talks between President Bola Tinubu and Germany’s Chancellor Friedrich Merz. In a brief phone call on Wednesday, the two leaders discussed closer cooperation on power,
Naira Ends Week With N30 Gain In Black Market: Hope For Naira?
Previous Story

Naira Slips To ₦1,653 As Dollar Supply Drops

Dangote Refinery, FCCPC Clash As NNPCL Insists On Importation Of Fuel
Next Story

Naira-for-Crude Deal Boosts As Dang0te Refinery Gets First Supply From NNPCL

Don't Miss

Top ISPs Lose Customers As Nigerians Cut Internet Spending

Top ISPs Lose Customers As Nigerians Cut Internet Spending

Economic hardship has forced Nigerians to seek affordable alternatives for
Enugu Guber Poll: Stakeholders Advise Lawyers On Taking Briefs That Could Affect Their Integrity

Enugu Guber Poll: Stakeholders Advise Lawyers Against Taking Briefs That Could Affect Their Integrity

The Enugu State Stakeholders Forum (ESSF) has called on lawyers,