Nigerian Government Archives - Coin Engineer https://coinengineer.net/blog/tag/nigerian-government/ Btc, Coins, Pre-Sale, DeFi, NFT Thu, 24 Oct 2024 07:25:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Nigerian Government Archives - Coin Engineer https://coinengineer.net/blog/tag/nigerian-government/ 32 32 Nigerian Government Drops Charges Against Binance Executive https://coinengineer.net/blog/nigerian-government-drops-charges-against-binance-executive/ https://coinengineer.net/blog/nigerian-government-drops-charges-against-binance-executive/#respond Wed, 23 Oct 2024 17:00:56 +0000 https://coinengineer.net/blog/?p=31326 The Nigerian government has dropped money laundering charges against Binance executive Tigran Gambaryan, who has been in custody since February. A lawyer representing the Economic and Financial Crimes Commission (EFCC) announced the dismissal of the charges on Wednesday morning at the Abuja Federal High Court. However, the government will continue its money laundering case against

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]]> The Nigerian government has dropped money laundering charges against Binance executive Tigran Gambaryan, who has been in custody since February. A lawyer representing the Economic and Financial Crimes Commission (EFCC) announced the dismissal of the charges on Wednesday morning at the Abuja Federal High Court. However, the government will continue its money laundering case against Binance without Gambaryan, and separate tax evasion charges against Binance remain in place.

According to Business Insider Africa and other sources, the decision to drop the charges against Gambaryan was made to allow him to receive medical treatment due to his worsening health. This decision comes just two weeks after a Nigerian court denied a bail request on medical grounds. Gambaryan’s family, in response, expressed that “the medical requirements are evident” and that he should be released based on standard procedures in the country.

Gambaryan was transferred to Kuje prison in March, and his physical and mental health deteriorated rapidly. He suffered from a herniated disc, pneumonia, malaria, and tonsillitis. His condition worsened, and when brought to the Abuja court on September 2nd, his request for a wheelchair was denied. A video of Gambaryan struggling during his court appearance quickly circulated on social media, prompting Binance CEO Richard Teng to call for his release.

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