A Binance executive named Tigran Gambaryan has been remanded to Kuje Correctional Centre in Abuja, following a court order.
The trial judge, Justice Emeka Nwite, gave the order after Tigran Gambaryan pleaded not guilty to charges of money laundering brought against him by the Economic and Financial Crimes Commission (EFCC).
The court has adjourned the matter until April 18 for a ruling on his bail application, with the trial set to commence on May 2.
The arrest has sent shockwaves through the financial technology sector, as authorities tighten their grip on regulatory oversight. Stay tuned for detailed coverage on this developing story.