Binance Demands Gambaryan’s Release From Custody After Nigerian Government Dropped Tax Evasion Charges

Binance Nigeria has expressed relief following the Nigerian government’s decision to drop tax evasion charges against its executives, Tigran Gambaryan and Nadeem Anjarwalla. The charges, initially filed by the Federal Inland Revenue Service (FIRS), were removed after Binance appointed a Nigerian representative to oversee its local operations. This move clarified that Gambaryan and Anjarwalla were not decision-makers at the company.

In response to the development, Binance emphasized its commitment to transparently resolving issues with the Nigerian government and commended the FIRS for their professionalism throughout the process. They highlighted Gambaryan’s deteriorating health after 110 days of detention, during which he was diagnosed with malaria and pneumonia. Binance urged the Economic and Financial Crimes Commission (EFCC) to allow Gambaryan to return home to his family, emphasizing the urgency due to his health conditions.

Despite the dropped charges, Gambaryan remains detained at Kuje Prison pending further legal proceedings. The next hearing, scheduled for June 19, 2024, will address an application regarding the enforcement of fundamental rights. Concerns were raised about delays in providing medical attention to Gambaryan, even after collapsing in court and being diagnosed with serious health issues.

Binance’s statement underscored their ongoing collaboration with Nigerian authorities to resolve the situation and reiterated their hope for Gambaryan’s release. They stressed the impact of his prolonged detention on both his health and personal well-being.

SaharaReporters