The Federal government, through the Economic and Financial Crimes Commission (EFCC), has officially dropped all legal actions against Tigran Gambaryan, a leader at Binance Holdings.
This decision was made at the Federal High Court in Abuja, where Gambaryan was being tried for claims of money laundering and running an unlicensed financial business.
Gambaryan, an American citizen and a former agent of the Internal Revenue Service (IRS), was arrested in February while dealing with rules about Binance in Nigeria.
His arrest led to serious talks between Nigerian and American officials, which ended with the charges being dropped.
The judge, Emeka Nwite, had earlier refused to let Gambaryan out on bail because of worries that he might try to leave the country.
Gambaryan’s lawyer, Mark Mordi, a top Nigerian lawyer, pointed out that Gambaryan had a small role at Binance and wasn’t involved in big financial choices.
U.S. officials wanted Gambaryan to be released and wrote letters to Nigerian authorities asking for help.
