Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

African parents are dream killers – Billionaire businessman, Cosmas Maduka

Leakages, compromises, logistics challenges responsible for last week’s late night examination – WAEC tells Reps committee

Atiku, Amaechi, El-Rufai desperate for power – APC

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Breaking News»FG drops money laundering charges against Binance executive
Breaking News

FG drops money laundering charges against Binance executive

DailyblastBy DailyblastOctober 23, 2024002 Mins Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

The Federal government has withdrawn the money laundering charges filed against Binance executive, Gambaryan Tigran. 

The Economic and Financial Crimes Commission (EFCC) announced the withdrawal of the charges during a hearing at the Federal High Court in Abuja on Wednesday,October 23.

Related posts:

  1. Hushpuppi pleads guilty to money laundering charges, faces up to 20 years at sentencing
  2. Detained Binance executive escapes from custody during Ramadan prayer
  3. Kenyan police arrest Binance executive who escaped from Nigeria
  4. Another House of Rep member denies Binance executive Gambaryan’s $150m bribery allegation

During the hearing of the matter today, the EFCC’s lawyer explained that Mr. Gambaryan, a U.S. citizen, was merely an employee of Binance and not directly involved in the activities for which he was being prosecuted.

Mark Mordi, Senior Advocate of Nigeria (SAN) and Gambaryan’s defense attorney, agreed, stating that his client had no involvement in the broader financial decisions of the company.

The unexpected decision to drop the charges followed months of behind-the-scenes diplomatic efforts between Nigerian and U.S. officials, who had been lobbying for Mr. Gambaryan’s release. U.S. lawmakers had also advocated for his freedom, appealing to both Nigerian and American authorities. Despite this, Mr. Gambaryan had been denied bail twice, with the judge ruling him a flight risk.

Binance, its U.S. head of financial crime compliance, Gambaryan, and the exchange British-Kenyan regional manager for Africa, Nadeem Anjarwalla, were facing money laundering charges to the tune of $35 million brought against them by the Economic and Financial Crimes Commission.

Anjarwalla, however, fled lawful custody on March 22, 2024, while his counterpart, Gambaryan, was arraigned in April.

Following his arraignment, the court ordered his remand to Kuje Correctional Facility.

Post Views: 180
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticleHow Abia Governor, Otti paid law firm owned by friend millions of naira as contract negotiation fees
Next Article President Tinubu reassigns 10 Ministers to new portfolios
Dailyblast

Related Posts

African parents are dream killers – Billionaire businessman, Cosmas Maduka

June 3, 2025

Leakages, compromises, logistics challenges responsible for last week’s late night examination – WAEC tells Reps committee

June 3, 2025

Atiku, Amaechi, El-Rufai desperate for power – APC

June 3, 2025
Add A Comment

Comments are closed.

Recent Posts
  • African parents are dream killers – Billionaire businessman, Cosmas Maduka June 3, 2025
  • Leakages, compromises, logistics challenges responsible for last week’s late night examination – WAEC tells Reps committee June 3, 2025
  • Atiku, Amaechi, El-Rufai desperate for power – APC June 3, 2025
  • Former Mr. Nigeria Deji Bakare presents “Èkó Stitch to Fame Nigeria,” an Exciting Tailoring Competition June 3, 2025
  • Linc Edochie’s new wife tackles Nigerians trolling her June 3, 2025
Top Posts

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,246 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,093 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025614 Views
Latest Reviews
Most Popular

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,246 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,093 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025614 Views
Our Picks

African parents are dream killers – Billionaire businessman, Cosmas Maduka

Leakages, compromises, logistics challenges responsible for last week’s late night examination – WAEC tells Reps committee

Atiku, Amaechi, El-Rufai desperate for power – APC

© 2025
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.