Tigran Gambaryan, Executive Director of Binance Holdings Limited, has returned to the United States after spending eight months in detention in Nigeria. His release followed the decision by the Economic and Financial Crimes Commission (EFCC) to drop all charges against him during a Federal High Court session in Abuja on Wednesday.
The EFCC informed the court that the Federal Government had reviewed the case and decided to discontinue charges against Gambaryan. The prosecution cited international and diplomatic considerations, as well as Gambaryan’s status as an employee of Binance, which played a significant role in the decision.
“The government has reviewed the case, considering the second defendant’s (Gambaryan’s) role as an employee of the first defendant (Binance Holdings Limited), and other critical international and diplomatic reasons,” the prosecutor said.
Following the court’s ruling, Gambaryan was released from Kuje Correctional Center on Wednesday night, according to a statement from a Binance spokesperson.
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Gambaryan’s wife, Yuki, expressed relief over his release, describing the past eight months as a “living nightmare.” She thanked the U.S. government for their efforts and supporters who provided hope during the difficult period.
“Though his health has declined, we can now focus on healing as a family. Our children are excited to be reunited with their father,” Yuki added.
Gambaryan’s case had attracted international attention due to its diplomatic implications, and his release marks the conclusion of a challenging ordeal for his family and supporters.
