Nigeria's government has retracted the money laundering charges against Tigran Gambaryan, a Binance executive, shortly after a court denied him bail. This decision was reported by the local news outlet Punch. The purpose of dropping the charges was to facilitate Gambaryan's medical treatment overseas.

Highlights:

• Gambaryan has been detained since February, invited to discuss Binance-related issues.
• He developed serious health conditions while imprisoned, including malaria, pneumonia, and complications from a herniated disc.
• His lawyer confirmed that urgent efforts were being made for his immediate release so he could leave Nigeria.
• Binance remains under investigation in Nigeria for facilitating significant financial irregularities.

Gambaryan's family, along with Binance's CEO Richard Teng, has consistently advocated for his release and health restoration efforts.