Breaking News

FG drops money laundering charges against Binance executive

The Federal Government has withdrawn the money laundering charges filed against the detained Binance Holdings Limited’s executive, Tigran Gambaryan, due to his ill health and diplomatic intervention.

Gambaryan was the second defendant in the charge preferred against the cryptocurrency platform (first defendant) by the Economic and Financial Crimes Commission (EFCC).

The EFCC’s counsel, R. U. Adagba, on Wednesday, October 23, 2024, told the Federal High Court in Abuja of the federal government’s decision to withdraw the money laundering charges against the detained employee because of his deteriorating health.

Drama in court over whereabouts of detained Binance executive

Adagba, however, informed the court that the EFCC would continue the charge levelled against the company, Binance Holdings Limited.

After listening to Adagba and the defence counsel, the presiding judge, Justice Emeka Nwite discharged Gambaryan from the charge and adjourned the trial against Binance until November 22 and November 25, 2024, for the continuation of trial.

The Star

Segun Ojo

Recent Posts

‘It’ll guarantee access to essential medicines’: Senate raises Basic Health Care Fund to 2%

The Senate on Thursday approved the increased funding for Nigeria’s Basic Health Care Provision Fund…

1 hour ago

16 UNILORIN graduates set new record, bag first class in Law School

No fewer than 16 law graduates of the University of Ilorin (UNILORIN) made first class…

2 hours ago

Dangote Refinery exports 1.1bn litres of jet fuel to Europe, covers 95% of Nigeria’s supply — AON

The Airlines Operators of Nigeria (AON) has described the Dangote Petroleum Refinery and Petrochemicals as…

3 hours ago

Kogi fraud trial: Witness reveals how billions were converted to dollars for Bello associate

A Bureau de Change operator on Thursday narrated before a federal high court in Abuja…

3 hours ago

Davido’s father donates N500m to Odun security trust fund

Long before his son Davido became one of Africa's biggest music exports, Dr Deji Adeleke…

4 hours ago

Tinubu holds closed-door meeting with APC govs at Aso Rock

President Bola Tinubu is meeting with All Progressives Congress governors at the Aso Rock Presidential…

4 hours ago

This website uses cookies.