Binance Executive Gambaryan’s New Bail Application Rejected by the Court

A Federal High Court in Abuja has rejected a fresh bail application by Tigran Gambaryan, a detained Binance executive facing money laundering charges.....KINDLY READ THE FULL STORY HERE▶

Justice Emeka Nwite made the ruling, citing that Gambaryan’s first bail application, which concerned his health, has been appealed.

Nwite said that the current bail application amounts to an abuse of court process given that Gambaryan has a pending appeal against the refusal of the first bail.

Gambaryan, a top executive at Binance, was arrested and detained by the Economic and Financial Crimes Commission (EFCC) on money laundering charges.

His lawyers have been clamouring for his release on bail, citing his deteriorating health condition.

Gambaryan’s lawyers argued that he suffers from a disk issue and requires urgent medical attention. They submitted medical reports from the State House Annex Clinic in Asokoro, Abuja, recommending surgery.

However, the EFCC contested these claims, stating that Nigerian hospitals are capable of treating Gambaryan. The commission also presented a report from Nizamiye Hospital, which countered Gambaryan’s family’s assertions that he “can no longer walk.”