Justice Emeka Nwite of the Federal High Court Abuja. has ruled that Tigran Gambaryan, the second defendant in the proposed arraignment of Binance Holdings Limited and its two top officials; be prosecuted and be served the charge on behalf of the company, being a certified agent of the company within jurisdiction.
The court notes that the defendants had deposed to an affidavit before the court on February 26, 2024 he and Nadeem Anjarwalla , were invited into Nigeria for a meeting with the federal government as representatives of BINANCE, having been appointed as an official of the company since September 2021.
According to the court, there cannot be a better service of the charge on the company than through the 2nd defendant who has been identified as an agent of BINANCE within the jurisdiction.The court therefore moved that Tigran be arraigned and the courts be read to him and where the charge affects the first defendant, a plea of not guilty be entered on its behalf.
The five-count charge bothering money laundering was however read to the 2nd defendant and he pleaded not guilty to the charge.