Tigran Gambaryan, a Binance executive, has been remanded in Kuje Correctional Center by a Federal High Court in Abuja until his bail application is processed.
The trial judge, Justice Emeka Nwite, issued the ruling following Gambaryan’s Monday plea of not guilty to the money laundering allegations brought against him by the Economic and Financial Crimes Commission.
The court then postponed the case until April 18 in order to decide on his bail request and May 2 in order to start the trial.
Previously, in a succinct decision, Justice Emeka Nwite had rejected Gambaryan’s requests to enter a plea on the company’s behalf, citing his lack of power as its agent.
Nwite dismissed the challenge, ruling that Gambaryan had represented the corporation in an affidavit, transacting business in Nigeria on its behalf.
The anti-graft agency stated that the offenses, which took place in Abuja between January 2023 and December 2023, violated Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022 and were punished by law. [CONTINUE READING HERE]
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