The Federal Inland Revenue Service says it is dropping the tax charges against Tigran Gambaryan, Binance’s head of financial crime compliance.
Confirming the development, Dare Adekanmbi, the agency’s spokesperson, said the federal government “is dropping charges against the two individuals sued along with the cryptocurrency firm, Binance”.
“Please note that the charges are being dropped against the second and the third defendants in the matter,” he added
Speaking in a statement on Friday, Binance said the development illustrates that Gambaryan is not a decision-maker at the cryptocurrency firm.
“We are relieved that the Federal Inland Revenue Service (FIRS) has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped,” the statement reads.
“Further illustrating 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.”
Binance also commended the FIRS for their diligence and professionalism throughout this process.
The company said the situation unequivocally demonstrates its commitment to resolving the issue with the government transparently and cooperatively.
Gambaryan and Nadeem Anjarwalla, Binance’s regional manager for Africa; were detained by the Nigerian authorities on February 28.
