The Nigerian government has unexpectedly dropped the case against Tigran Gambaryan, a Binance executive facing money laundering allegations.
Gambaryan, who has been detained since April, appeared at the Federal High Court in Abuja where charges were withdrawn just days ahead of the initially scheduled October 25 hearing.
Gambaryan, a U.S. citizen, was detained on five counts related to money laundering and currency speculation, involving over $34 million.
Despite two unsuccessful bail attempts, citing his health and being deemed a flight risk, the charges were suddenly dropped during a low-profile hearing.
The unexpected move comes after prolonged diplomatic negotiations between Nigerian and U.S. officials.
His detention at Kuje Correctional Centre and previous bail rejections drew attention from U.S. lawmakers, who advocated for his release.
Another Binance official, Nadeem Anjarwalla, had earlier escaped from pre-trial custody in March, adding complexity to the case.
This development concludes the case that has drawn international scrutiny, with Binance still facing separate tax evasion charges in Nigeria.
Gambaryan’s health conditions had played a central role in his legal journey, but the court consistently maintained its stance against his bail, citing procedural concerns.
