A Federal High Court in Abuja has remanded an official of Binance Holdings Limited Tigran Gambaryan in Kuje Correctional Centre.
Justice Emeka Nwite gave the ruling on Monday pending the determination of the defendant’s bail application.
Before the ruling, Mr Gambaryan pleaded not guilty to five-count money laundering charges preferred against him by the Economic and Financial Crimes Commission (EFCC).
The judge subsequently adjourned the matter till April 18 for the ruling on his bail application and May 2 for commencement of trial.
My husband’s ageing mum is in tears, detained Binance official’s wife writes FG
Binance Holdings Limited and Tigran Gambaryan were supposed to be arraigned on April 4 but it was stalled following objection from Mark Mordi (SAN), counsel for the second defendant, Gambaryan.
Mordi contended that his client cannot be arraigned following the failure of the EFCC to perfect service on Binance Holdings Limited.
He noted that his client was not an agent, director or representative of the company in the country and as such could not be serve on behalf of the first defeandant.
The defendants are accused of money laundering.
