- Binance executive Tigran Gambaryan’s bail hearing has been postponed till May 17.
- Lawyer Mark Mordi requests Justice Emeka Nwite to release Gambaryan from custody.
- EFCC counsel E. Iheanacho argues that the bail will be a grave risk as Gambaryan has no acquaintance in Nigeria.
Recent reports revealed that Binance Executive Tigran Gambaryan’s bail hearing has been postponed to May 17, 2024. On Tuesday, the Federal High Court, Abuja, fixed the date for the hearing, following the defendant’s request to leave the notorious Kuje prison.
Gambaryan’s lawyer, Mark Mordi, requested Justice Emeka Nwite to issue the defendant’s bail arguing that the Nigerian authority has failed to produce credible evidence for their claims. He stated,
“There is no exhibit or document displaying EFCC’s credible intelligence…There is no way any reasonable court can come to a conclusion on evidence such as this.”
However, Economic Financial Crimes Commission (EFCC) counsel E. Iheanacho argued that the Binance executive’s bail would be a grave risk as the defendant has no acquaintance in Nigeria. Iheanacho claimed that Gambryan tried to apply for a new US passport, although he knew his passport had been seized.
Previously, Binance executives- Tigran Gambaryan and Nadeem Anjarwalla- were arrested and detained by the Nigerian authority as part of the allegations against Binance Nigeria, including $26 billion in illegal inflows.
Subsequently, the executives sued the Nigerian authorities for allegedly violating their fundamental rights. Gambaryan’s lawyer, Olujoke Aliyu, requested the court to release him from legal custody and retrieve his passport. Gambaryan filed lawsuits against Nigeria’s National Security Adviser (NSA) and EFCC.
The executives’ lawyers highlighted their innocence, pointing out that they were arrested when they reached Nigeria at an invitation from the Nigerian authority. They stated, “The only reason for his detention is because the government is requesting information from Binance and making demands on the company.”
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