A Federal High Court in Abuja has dismissed a lawsuit filed by former Binance Head of Financial Crime Compliance, Tigran Gambaryan, against the Economic and Financial Crimes Commission (EFCC) and Office of the National Security Adviser (NSA). The court ruled that it would not interfere with the prosecutorial authority of Nigerian authorities. Gambaryan’s suit alleged unlawful detention in Nigeria following allegations of money laundering and foreign exchange violations stemming from his work at Binance. Justice Umar Mohammed of the Abuja High Court cited security agencies’ constitutional right to investigate such matters, leading to the dismissal of the case. Gambaryan had sought compensation for alleged prolonged detention by Nigerian authorities. EFCC counsel, Olanrewaju Adeola, argued that Gambaryan was lawfully detained based on charges of financial crimes. The court also confirmed that Gambaryan failed to provide evidence showing he enjoys immunity from prosecution in Nigeria. The judge further noted that Gambaryan’s claims regarding demands for a bribe during his detention are unsubstantiated. 2023 saw the Nigerian Naira experience significant currency fluctuation, leading the federal government to accuse Binance of disrupting this financial stability. As part of this investigation, the EFCC and FIRS pursued legal action against Binance over allegations of tax evasion, money laundering, and foreign exchange violations. Gambaryan’s detention and subsequent release sparked controversy. His claims regarding a bribe demand from Nigerian lawmakers are still disputed by the government. Gambaryan’s experience highlights the complex relationship between cryptocurrency companies and regulatory authorities in Nigeria. Following his release due to deteriorating health status, he stepped down from Binance in June 2025.