The Federal Government has withdrawn the money laundering charges filed against Tigran Gambaryan, an executive at Binance Holdings Limited. Gambaryan, along with Binance’s U.S. head of financial crime compliance, and the company’s British-Kenyan regional manager for Africa, Nadeem Anjarwalla, had been accused by the Economic and Financial Crimes Commission (EFCC) of laundering $35 million.
Initially, both Gambaryan and Anjarwalla were detained by the office of the National Security Adviser. However, Anjarwalla escaped custody on March 22, 2024, while Gambaryan remained in custody and was later arraigned in April.
After his arraignment, Gambaryan was remanded to Kuje Correctional Facility, while Anjarwalla’s whereabouts remain unknown following his escape. The withdrawal of charges against Gambaryan marks a significant development in the ongoing case.