A Federal High Court in Abuja has dismissed the bail application filed by an official of of Binance Holdings Limited, Tigran Gambaryan, being tried for alleged money laundering offences.
In a ruling on Friday, Justice Emeka Nwite held that there was the likelihood that Gambaryan would jump bail.
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Justice Nwite agreed with prosecuting lawyer, Ekele Iheanacho that, with the earlier escape of Gambaryan’s co-defendant, Nadeem Anjarwalla (the Binance Regional Manager for Africal) from custody, it would be unwise to grant bail to Gambaryan.
Details shortly…