In a significant development, a Binance executive, Tigran Gambaryan, has been remanded in the Kuje Correctional Centre by a Federal High Court in Abuja. This decision comes as Gambaryan pleaded not guilty to charges of money laundering brought against him by the Economic and Financial Crimes Commission (EFCC). Presiding over the case, Justice Emeka Nwite ordered Gambaryan’s remand pending the determination of his bail application. The court has scheduled April 18 for the ruling on his bail application and May 2 for the commencement of trial.
