Nigeria Court Releases Binance Executive Detained for Months (1)

The Nigerian government dropped charges against a Binance Holdings Ltd. executive standing trial on allegations of money laundering and currency manipulation, who had been detained in the country since February.

The case against Tigran Gambaryan, head of financial crime compliance at Binance, was discontinued on the grounds of his ill health, according to people familiar with the court’s decision.

Tigran Gambaryan in court in Abuja in April.

Photographer: David Exodus/Bloomberg

Gambaryan’s lawyer sought an acquittal of the charges, but that request was denied, the people said.

The Economic and Financial Crimes Commission, Nigeria’s anti-graft unit that had brought the charges, didn’t immediately respond to requests for comment. A representatives ...