Nigeria’s Federal High Court in Abuja Adjourns Tigran Gambaryan’s Bail Request Ruling Until May 17, 2024

The case of Tigran Gambaryan, head of Binance’s Financial Crime Compliance team, has taken a new turn as Nigeria’s Federal High Court in Abuja has adjourned his executive bail request ruling until May 17, 2024. Gambaryan, who pleaded not guilty to charges brought against him by the Economic Financial Crime Commission (EFCC), has been remanded to the Kuje Correctional Centre in Abuja.

During the recent court proceedings, arguments were made by both the prosecution and defense lawyers regarding Gambaryan’s bail request. The EFCC’s counsel raised concerns about Gambaryan being a flight risk, especially after his colleague Nadeem Anjarwalla, who was also detained, escaped custody. However, Anjarwalla was later tracked and found in Kenya, where he was reportedly arrested by the Kenya Police Service.

Gambaryan’s lawyer, Mark Mordi (SAN), pleaded for his client to be granted bail, stating that the EFCC lacks credible evidence to oppose the application. The EFCC, on the other hand, claimed that Gambaryan attempted to apply for a new passport despite his international passport being seized, an allegation that Mordi disputed.

The court will now await the ruling on Gambaryan’s bail request on May 17, 2024, while his colleague Anjarwalla’s extradition to Nigeria is still pending. The case continues to unfold as both sides present their arguments in this high-profile financial crime case. Stay tuned for more updates on this developing story.