by Nurat Uthman
Binance expressed relief on Friday as the Federal High Court in Abuja cleared Tigran Gambaryan, a 39-year-old American and fleeing Nadeem Anjarwalla, of tax evasion charges filed by the Federal Inland Revenue Service.
The court’s decision came after the FIRS submitted amended charges that effectively dropped the tax evasion allegations against Gambaryan and his colleague, who absconded to Kenya.
This change followed Binance’s notification of appointing a Nigerian representative, Ayodele Omotilewa, to handle its local operations. The original charges, filed on March 22, 2024, accused Binance and Gambaryan of tax evasion.
The largest crypto exchange, in a shared note stated, “We are relieved that the Federal Inland Revenue Service has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped.
“This further illustrates that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government. We await the court’s ruling on this, discharging Tigran from this matter completely.”
The crypto exchange also called on the Economic and Financial Crimes Commission to take similar steps, allowing Gambaryan to return home to his family.
They emphasised his deteriorating health due to 110 days of detention, during which he was diagnosed with malaria and pneumonia.
“We commend the FIRS for their diligence and professionalism throughout this process. This situation unequivocally demonstrates Binance’s commitment to resolving this issue with the government transparently and cooperatively.
“In order for Tigran to be allowed to go home to his family, we are hopeful that the Economic and Financial Crimes Commission (EFCC) will take similar steps.
“Tigran has been detained for 110 days, and his physical health is deteriorating, including a recent malaria and pneumonia diagnosis. Binance is committed to continuing to work with the Nigerian government to resolve this,” Binance added.
The next hearing in this case is scheduled for June 19th where the application for an order for the enforcement of fundamental rights will be heard.
The EFCC trial is to continue on June 20th, while Tigran remains in Kuje prison.
