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

Tinubu Constitutes Taskforce to Revamp Petroleum Industry

President Bola Tinubu has inaugurated a Presidential Petroleum Reform and Value Optimisation Taskforce to plan the next stage of reforms in Nigeria’s petroleum sector. Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder of the Fate Foundation, was appointed chairman of

Investigation Reveals 23 Damaged Components on Arik Air Flight

Nigeria’s air accident investigators said a passenger aircraft operated by Arik Air suffered damage to at least 23 components after an abnormal engine incident during a flight in February. In a preliminary report released on Friday, the Nigerian Safety Investigation Bureau said
Why CBN Retained Bencmark Interest Rate At 27.5%

CBN Directs Banks to Deny Debtors New Loans

Central Bank of Nigeria has directed commercial banks to deny additional credit and certain banking services to large borrowers with non-performing loans, in a move aimed at strengthening credit discipline and reducing financial risks in the banking system. In a letter dated March 12,
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

RT Briscoe Tops NGX Losers’ List, Guinness Among Gainers

The market capitalisation of the Nigerian Exchange (NGX) was N127.36 trillion on Friday, March 13, while the all-share index (ASI) closed at 198,407.3 ASI. Equity investors traded 591.04 million shares in 53,066 deals, valued at N35 billion on Friday.Join our WhatsApp Channel
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

Discover The Best Movies On Netflix Right Now

Discover The Best Movies On Netflix Right Now

From hidden gems to highly anticipated films, Netflix offers a
Consul General Reveals Why African Startups Attract US Investors

Consul General Reveals Why African Startups Attract U.S. Investors

The United States Consul General in Nigeria, Will Stevens, has