Binance Says Nigeria Drops Some Charges Against Jailed Executive
- Binance says Nigeria dropped tax charge, other charges remain
- US lawmakers have urged President Joe Biden to intervene
Tigran Gambaryan
Photographer: David Exodus/BloombergThis article is for subscribers only.
Binance Holdings Ltd. said Nigerian authorities have dropped some criminal charges against an executive at the world’s biggest crypto exchange who has been imprisoned in the country since April.
Nigeria’s Federal Inland Revenue Service served and filed amended charges on Friday which resulted in accusations of tax fraud against being dropped, a Binance spokesperson said in a statement. Gambaryan, head of financial compliance at Binance, also faces charges of money laundering and currency speculation from a different agency.