Following accusations of money laundering leveled against him by the Economic and Financial Crimes Commission (EFCC), a Federal High Court in Abuja has remanded Tigran Gambaryan, a Binance executive, in Kuje Correctional Centre pending the determination of his bail application.
The presiding judge, Justice Emeka Nwite, issued the directive after Gambaryan pleaded not guilty to the charges during the court proceedings on Monday.
Justice Nwite postponed further proceedings until April 18 to deliberate on Gambaryan’s bail request. Additionally, the trial has been scheduled to commence on May 2.
The EFCC had arraigned Binance Holdings Limited, a cryptocurrency firm, and Tigran Gambaryan, who serves as the company’s head of financial crime compliance, on a five-count charge before Justice Nwite.
Details surrounding the specific allegations and the response from Gambaryan and Binance Holdings Limited are expected to unfold as the case progresses.
