Nigeria Court Sends Binance Exec to Prison Ahead of Trial (1)

A Binance Holdings Ltd. executive detained for more than 40 days in Nigeria after being invited by the government and then charged with tax evasion and fraud has been sent to prison ahead of trial in May.

A court ordered Tigran Gambaryan, head of financial compliance at Binance, to be remanded at the Kuje correctional center in the capital Abuja on Monday, despite his counsel pleading that he remain in the custody of the anti-graft commission.

Gambaryan was charged alongside Binance, the world’s largest cryptocurrency exchange, and in his first appearance in court on April 4, argued that ...