A Federal High Court sitting in Abuja has remanded Binance Holdings Limited’s executive, Tigran Gambaryan, in Kuje Correctional Centre, Abuja, pending the determination of his bail application.
Justice Emeka Nwite gave the order after Gambaryan pleaded not guilty to the money laundering charges preferred against him by the Economic and Financial Crimes Commission (EFCC), on Monday.
EFCC arraigned Gambaryan on an alleged money laundering charge following the dismissal of his objection by the court.
Gambaryan was arraigned by the EFCC on a five-count charge before Justice Nwite.
He was arraigned alongside the company (Binance) and Nadeem Anjarwalla who is now at large.
The anti-graft agency had filed a money laundering charge against Binance, Gambaryan, and Anjarwalla as 1st to 3rd defendants, respectively.
Anjarwalla was said to have fled Nigeria after he escaped from custody on March 22.
In the five-count charge dated and filed on March 28 by EFCC, the defendants were accused of money laundering to the tune of $35,400,000.
Gambaryan, however, pleaded not guilty to the counts, while a non-guilty plea was also entered for Binance.
The judge had, last Thursday, fixed today (Monday) for the ruling on the Binance official’s objection, raised by his lawyer, Mark Mordi, SAN.
