Detention Continues for Binance Executive, Gambaryan, as Bail Application Denied
A bail application submitted by Tigran Gambaryan, the detained Binance executive, was dismissed by an Abuja Federal High Court on Friday.
Ruling against the application, Justice Emeka Nwite expressed concerns that granting bail to Gambaryan might lead to him fleeing based on the evidence presented in the affidavit.
Justice Nwite emphasized, “I have thoroughly reviewed the affidavit evidence and believe that granting bail may result in the applicant absconding."
Despite denying bail, the judge ordered an expedited trial for the case.
The ruling came after arguments presented by EFCC's counsel, Ekele Iheanacho, and Gambaryan’s lawyer, Mark Mordi, SAN, who both made their case for and against the bail plea during a previous hearing on April 23.
Gambaryan was remanded at Kuje Correctional...