By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Binance Executive Remanded in Kuje Prison for Money Laundering
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Binance Executive Remanded in Kuje Prison for Money Laundering

Adamu Abubakar
By Adamu Abubakar
Published: April 8, 2024
Share
2 Min Read
Tigran Gambaryan
Tigran Gambaryan
SHARE

The Federal High Court sitting in Abuja has ordered the remand of Tigran Gambaryan, an executive of Binance Holdings Limited, in Kuje Correctional Centre, Abuja, pending the determination of his bail application. This decision was made after Gambaryan pleaded not guilty to money laundering charges brought against him by the Economic and Financial Crimes Commission (EFCC).

The court, presided over by Justice Emeka Nwite, gave the order following Gambaryan’s plea of not guilty to the charges. The EFCC had arraigned Gambaryan on a five-count charge, alleging money laundering to the tune of $35,400,000. He was arraigned alongside the company Binance, and a third defendant, Nadeem Anjarwalla, who is currently at large.

During the proceedings, Gambaryan’s counsel, Mark Mordi, SAN, raised objections to the arraignment, arguing that Binance should have been duly served before Gambaryan could enter his plea. However, the EFCC’s lawyer, Ekele Iheanacho, contended that Gambaryan, as a representative of Binance in Nigeria, could be served on behalf of the company.

Justice Nwite ultimately sided with the EFCC’s position, dismissing Mordi’s objections and ordering Gambaryan to enter his plea. The judge adjourned the hearing on Gambaryan’s bail application to April 18, with trial set for May 2, 2024.

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:BInanceTigran Gambaryan
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Emirates Emirates Set to Resume Flights to Nigeria in June, FG Confirms
Next Article Saudi Confirms Eid-el-Fitr Celebration on Wednesday After Crescent Moon Not Sighted

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Dangote Refinery Unveils N720bn CNG Truck Fleet to Slash Fuel Costs, Save Nigeria Over N1.7trn Annually
Energy & Oil
Nigerian Troops Neutralize Terror Kingpin Mai Dada, Recover Arms in Multi-Region Operations
Security
NNPP Welcomes Possibility of Rabiu Kwankwaso Joining APC Amidst Ganduje’s Resignation
News
Tinubu’s State Visit to Saint Lucia Marks Historic Diplomatic and Cultural Engagement, Presidency Clarifies
International News
President Bola Tinubu Suspends Implementation of Financial Reporting Council Amendment Act 2023
News
- Advertisement -
Ad imageAd image

You May Also Like

News

Aminu Dantata to be Buried in Madinah After Saudi Approval

Muhammad A. Aliyu
Muhammad A. Aliyu
June 29, 2025
CrimeVideo

VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
News

SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?