HomeCrimeNigerian Tax Regulator Drops Charges Against Binance Executives

Nigerian Tax Regulator Drops Charges Against Binance Executives


Nigeria’s Federal Inland Revenue Service (FIRS) has dropped tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. Gambaryan remains detained in the Kuje prison. Anjarwalla escaped the prison and fled Nigeria in March.

The executives were arrested in February when a meeting with Nigerian officials took a turn. It was the second time they visited the country, with the previous one occurring a month ago, which also seemed off.

The FIRS now holds Binance, the firm, solely responsible for the tax charges. Gambaryan and Anjarwalla are no longer defendants in this case. The news came courtesy of a member of Gambaryan’s family. Nevertheless, both executives remain accused of money laundering charges. Gambaryan will next be produced in court on June 19 for the money laundering charges, and the trial will begin the following day.

Binance has tried to maintain dialogue with the Nigerian government to convince them that Gambaryan does not hold any decision-making powers in the company and should not be tried in court on its behalf.

Whether the money laundering charges will be dropped needs to be seen. However, family, friends, and others are pushing for the US government to intervene and take measures to bring the US citizen home. Bringing him back now may be more urgent than ever because his health is deteriorating drastically.

Gambaryan had suffered from malaria and collapsed in court on May 23. Now, he is suffering from pneumonia because of worsening, revealed the same family member who spoke about the tax charges getting dropped. They also mentioned that Gambaryan is not receiving adequate medical attention despite the court having requested the prison to take him to a medical facility.

“This has gone on too long, and Tigran’s life is at risk,” said Yuki Gambaryan, Gambaryan’s wife.


Image by Alexa from Pixabay


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