Nigeria Drops Charges Criminal Charges Against Binance Executives

Nigeria's Federal Inland Revenue Service (FIRS) dropped its accusations of tax fraud against Binance executives

By Joseph-Albert Kuuire 2 Min Read

Binance has announced that the Nigerian authorities have dropped some criminal charges against one of its executives who has been imprisoned in the country since April. 

Details

Nigeria’s Federal Inland Revenue Service (FIRS) served and filed amended charges on Friday in which it dropped its accusations of tax fraud against Gambaryan, Binance’s head of financial compliance.

According to a Binance Spokesperson, the change in the authority’s filings shows that Gambaryan “is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government.”

We await the court’s ruling on this, discharging Tigran from this matter completely,” the spokesperson added.

Zoom In

Gambaryan was previously charged with tax evasion, currency speculation and money laundering of $34 million by the Economic and Financial Crimes Commission.

Zoom Out

Nadeem Anjarwalla, another Binance executive who was detained at the same time as Gambaryan and has UK and Kenyan citizenships, fled the West African country in March. The two men had traveled to Nigeria late February at the invitation of local authorities to meet officials.

Between The Lines

Dare Adekanmbi, a spokesperson for Nigeria’s FIRS confirmed that the government was dropping against the Binance executives.

Nigeria has denied accusations from US lawmakers that Gambaryan, a US citizen, has been wrongfully detained.

Source: Bloomberg


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Joseph-Albert Kuuire is the creator, editor, and journalist at Tech Labari. Email: joseph@techlabari.com Twitter: @jakuuire
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