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Arraignment Of Binance Executive Stalled

The second defendant, Mark Mordi, says that his client was not an agent, director or representative of the company in the country and as such could not be serve on behalf of the first defeandant.


4th April 2024 12:03 PM

A Federal High Court in Abuja has adjourned the money laundering suit against Binance and its officials till April 8.

The trial judge, Justice Emeka Nwite, adjourned the matter for ruling after listening to parties’ submission on the service of the charge on Binance Holdings Limited.

The defendants; Binance Holdings Limited and Tigran Gambaryan, were meant to be arraigned on Thursday but it was stalled following objection from the counsel for the second defendant, Mark Mordi, (SAN).

Mordi contended that his client cannot be arraigned following the failure of the Economic and Financial Crimes Commission to perfect service on Binance Holdings Limited.

He noted that his client was not an agent, director or representative of the company in the country and as such could not be serve on behalf of the first defeandant.