Anti-corruption and elections / EFCC

Court Reserves Ruling on Binance Chief’s Fresh Bail Application till October 9

Justice Emeka Nwite of the Federal High Court, Maitama, Abuja on Wednesday, September 4, 2024 deferred ruling on a fresh bail application, filed by Tigran Gambaryan, an executive of Binance Holdings Limited till October 9, 2024. Gambaryan, the second defendant is facing criminal prosecution by the Economic and Financial Crimes Commission, EFCC alongside the company on a five-count charge, bordering on tax evasion, currency speculation, and money laundering to the tune of $34,400,000. Defence counsel, Mark Mordi, SAN had at the resumed sitting prayed the court in a fresh bail application to adm…