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The Federal Government on Wednesday dropped all charges of money laundering against the executive of Binance Cryptocurrency Holdings, Tigran Gambaryan.
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Gambaryan has been facing money laundering trial since April when he was detained in Nigeria.
A lawyer representing the Economic and Financial Crimes Commission (EFCC), who is the prosecuting agency, announced the withdrawal of the charges at the Federal High Court in Abuja on Wednesday.
Announcing the withdrawal of the charges, the lawyer said Gambaryan was only an employee of Binance, whose activities he was being prosecuted for.
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The court had earlier this month adjourned the matter until October 18, 2024 and November 22 and 25 for the continuation of trial.
Gambaryan was surprisingly absent on October 18, leaving the judge to reschedule the trial for Friday, October 25 which has now been overtaken by the event of Wednesday’s unpublicised hearing.
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