A Binance executive, Tigran Gambaryan, has been remanded in Kuje Correctional Centre by a Federal High Court in Abuja pending the determination of his bail application. This decision came after Gambaryan pleaded not guilty to money laundering charges brought against him by Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC).
The trial judge, Justice Emeka Nwite, gave the remand order and adjourned the case until April 18 to rule on Gambaryan’s bail application and May 2 for the trial to commence.
The Nigerian government has accused Binance Holdings Limited and its officials, including Tigran Gambaryan and Nadeem Anjarwalla (who is currently at large), of tax evasion and money laundering.
Anjarwalla reportedly escaped from Nigerian authorities’ custody three weeks ago. The case highlights the government’s crackdown on financial crimes and its efforts to hold individuals and organizations accountable for alleged illicit activities.
