A Federal High Court sitting in Abuja, on Thursday, dismissed a suit  filed by former Binance Head of Financial Crime Compliance, Tigran Gambaryan, against the Economic and Financial Crimes Commission (EFCC) claiming unlawful and prolonged detention.

According to a statement issued by the Head, Media & Publicity, Dele Oyewale, Justice Umar Mohammed dismissed the case, ruling that the court would not, under the guise of Gambaryan’s fundamental rights claims, “interfere” with the prosecutorial role of the Nigerian authorities in investigating suspected foreign exchange violations and alleged money laundering involving the Binance platform.

 Gambaryan filed the suit against the EFCC and the office of the National Security Adviser, NSA,  seeking compensation and costs over his purported  prolonged detention by security operatives in connection with the Federal Government’s money laundering and foreign exchange contravention allegations against Binance.

   While the proceedings lasted,  EFCC counsel,  Olanrewaju Adeola  told the court that Gambaryan was lawfully detained  based on charges of money laundering  foreign exchange violations.  He described the suit of the former Binance chief as “ a gross abuse of court processes”.

The EFCC’s position was upheld with the dismissal of the suit by the court.