BREAKING: COURT SENDS BINANCE EXECUTIVE TO ABUJA PRISON.

A Federal High Court in Abuja has remanded Binance executive Tigran Gambaryan to Kuje Correctional Centre pending the outcome of his bail plea.
Justice Emeka Nwite, the presiding judge, gave the decision after Gambaryan pleaded innocent to the Economic and Financial Crimes Commission’s money laundering charges against him on Monday.

The judge then postponed the proceedings until April 18 to consider his bail request, with the trial set to begin on May 2.

The Economic and Financial Crimes Commission had charged Binance Holdings Limited, a cryptocurrency firm, and Tigran Gambaryan, the company’s head of financial crime compliance, with money laundering.

The anti-graft agency charged the corporation and its boss on five counts before Emeka Nwite, a federal high court judge in Abuja.

Further details will be provided later.