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Binance Executive Tigran Gambaryan denied bail

18 May 2024
Binance Executive Tigran Gambaryan denied bail

Tigran Gambaryan, the imprisoned Binance executive, filed a bail plea, which was denied on Friday by an Abuja Federal High Court. 

According to the affidavit evidence presented to Justice Emeka Nwite, Gambaryan would breach bail if the application is approved.

“I have carefully considered the affidavit evidence before me and I am of the view that the applicant will jump bail if granted bail,” Justice Nwite declared.

On the other hand, the trial's hearing was to be expedited by the judge. 

According to the News Agency of Nigeria (NAN), Justice Nwite scheduled Friday's decision on April 23 after EFCC attorney Ekele Iheanacho and Gambaryan's attorney Mark Mordi, SAN, adopted their respective procedures and presented their cases in favour of and against the bail request.

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