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EFCC produces Binance executive in Nigerian court over alleged money laundering, FIRS tax evasion charges



Tigran Gambaryan

The Economic Financial Crime Commission (EFCC) has formally produced Tigran Gambaryan, an executive of Binance Ltd before the Federal High Court sitting in Abuja on Thursday, April 4, 2024.

He was presented by EFCC operatives before Justice Emeka Nwite.

Binance, Gambaryan and Nadeem Anjarwalla, are charged by the EFCC on five counts-charge bordering on money laundering and foreign exchange contravention to the tune of $35.4 million.

For the Federal Inland Revenue Service (FIRS), it sued the defendants for alleged tax evasion in a separate suit.

Gambaryan’s lawyer, I. Chukwuka SAN told Justice Nwite that his client cannot be arraigned because he has not been served with the FIRS charges.

But the FIRS counsel, Moses Idem opted to serve him in open court on the grounds that the bailiff of the court has been unable to effect service.

However, the FIRS counsel urged the court to give the Binance executive time to liaise with his lawyer in respect of the charges.

He equally called for an adjournment.

The Binance executive’s lawyer did not object to the call for adjournment

Subsequently, the judge adjourned to April 19 for arraignment in the FIRS case.