Binance executive detained in Nigerian prison on charges of money laundering

Title: Binance Representative Faces Money Laundering Charges, Denied Bail

Subheading: Gambaryan Pleads Not Guilty in Court, Ordered to Remain in Custody

In a recent court hearing, the trial judge, Emeka Nwite, issued an order for Binance representative, Gambaryan, to remain in custody after pleading not guilty to money laundering charges filed against him by the Economic and Financial Crimes Commission (EFCC).

Representing Binance in the country, Gambaryan was served with the charges by the EFCC counsel, E.E. Iheanacho. Justice Nwite ruled that serving Gambaryan on behalf of the company was appropriate, citing the Administration of Criminal Justice Act.

The prosecution counsel requested a trial date, while Gambaryan’s lawyer, Mordi, pleaded for his client’s bail application. However, Iheanacho argued that Gambaryan should be kept in a correctional center, which the court agreed upon, sending him to the Kuje Correctional Centre.

The judge adjourned the matter until April 18 for the ruling on Gambaryan’s bail application and May 2 for the commencement of the trial. Stay tuned for updates on this developing story.


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