BREAKING: Court remands Binance executive in Abuja prison
- Tigran Gambaryan, the embattled Binance executive, has been ordered to be remanded in the Kuje Prison in Abuja
- A Federal High Court in Abuja gave this verdict on Monday, April 8, pending when his bail application is determined
- Gambaryan, who pleaded not guilty to he charged instituted against him by the EFCC, is to return to court on Thursday, April 18
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Abuja - A Federal High Court in Abuja on Monday, April 8, remanded a Binance executive, Tigran Gambaryan, in Kuje Correctional Centre.
The court gave the order pending the determination of Gambaryan's earlier bail application.
Justice Emeka Nwite, the presiding judge, gave the order after Gambaryan pleaded not guilty to the money laundering charges preferred against him by the Economic and Financial Crimes Commission (EFCC).
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Thereafter, Justice Nwite adjourned the matter till Thursday, April 18, for the ruling on his bail application and Thursday, May 2, for commencement of trial, Punch reports.
Binance Executive: Court Takes Decision as FIRS Makes Major Error
Recall that the court had adjourned the tax evasion case against Binance Holdings Limited and its executives.
Why case was adjourned
The matter was adjourned due to the failure of the Federal Inland Revenue Service (FIRS) to serve Tigran Gambaryan the charges as he was still in the custody of the Economic and Financial Crimes Commission (EFCC).
At last, EFCC Produces Binance Executive in Court
The Economic and Financial Crimes Commission (EFCC) on Thursday, April 4, produced an official of Binance Holdings Limited, Tigran Gambaryan, in court over allegations of tax evasion.
Gambaryan was expected to be arraigned on Thursday at the Federal High Court in Abuja.
In the suit marked: FHC/ABJ/CR/115/2024, Binance was accused of failing to register with the Federal Inland Revenue Service (FIRS) for the purpose of paying all relevant taxes administered by the service.
FG Moves to Probe Top 100 Crypto Users on Binance, Asks Platform to Provide Transaction Data
The Nigerian government has asked Binance, the cryptocurrency exchange platform, to provide information on its top 100 users in Nigeria and all their transaction details in the past six months.
The request was made to establish negotiations between the country and Binance.
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