By Damilare Adeleye
A Federal High Court sitting in Abuja has remanded a Binance executive, Tigran Gambaryan, in Kuje Correctional Centre, pending the determination of his bail application.
The remand order was given on Monday by Justice Emeka Nwite after Gambaryan pleaded not guilty to the money laundering charges preferred against him by Nigeria’s anti-graft agency, Economic and Financial Crimes Commission (EFCC).
The judge subsequently adjourned the case till April 18 for a verdict on his bail application and May 2 for the start of the trial.
It was recalled that the federal government had taken Binance Holdings Limited and its two officials, Tigran Gambaryan and Nadeem Anjarwalla (now at large) to court on allegations bordering on tax evasion and money laundering.
It was also recalled that Gambaryan’s colleague, Anjarwalla escaped from the custody of Nigerian authorities three weeks ago.