Legal Battle Continues for Binance Executive Tigran Gambaryan in Nigeria

Binance Executive Tigran Gambaryan’s Bail Hearing Postponed Again Amid Legal Battle with Nigerian Authorities

The legal saga of Binance executive Tigran Gambaryan continues as his bail application hearing was once again postponed by the Federal High Court in Abuja. The Economic and Financial Crimes Commission (EFCC) requested more time to respond to new issues raised by Gambaryan’s defense team, leading to the adjournment of the case.

According to reports, the presiding judge, Justice Emeka Nwite, agreed to the postponement at the request of the EFCC’s lawyer, E. Iheanacho. The lawyer cited the need for additional time to address the new points raised by Gambaryan’s defense team, including a new affidavit submitted by the executive’s defense.

Gambaryan has been in custody since pleading not guilty to money laundering charges, with the EFCC accusing him of helping Binance conceal $35.4 million in revenue from unlawful activities in Nigeria. His lawyer, Mark Mordi, argued for his client’s release, highlighting the lack of response from the prosecution to the new affidavit submitted on April 16.

The ongoing legal troubles faced by Gambaryan are part of a broader crackdown on cryptocurrency platforms in Nigeria, with authorities accusing Binance of exacerbating the country’s currency difficulties. The exchange has denied these allegations but halted all naira transactions in response to the investigation.

In addition to Gambaryan, another Binance executive, Nadeem Anjarwalla, is also facing charges related to alleged money laundering activities. Anjarwalla reportedly fled Nigeria and was located in Kenya, where authorities are working with Interpol to extradite him back to Nigeria.

The next court date for Gambaryan’s bail application hearing is set for April 22, leaving the Binance executive in legal limbo as the case unfolds. Stay tuned for further updates on this developing story.