Tigran Gambaryan, a Binance executive, has been remanded in Kuje Correctional Center by a Federal High Court in Abuja until his bail application is processed.

The trial judge, Justice Emeka Nwite, gave the order after Gambaryan pleaded not guilty to the money laundering charges preferred against him by the Economic and Financial Crimes Commission on Monday.

The judge subsequently adjourned the matter till April 18 for the ruling on his bail application and May 2 for commencement of trial.