Tigran Gambaryan
Highlight

$35.4m money laundering charge: Court denies Binance executive Gambaryan bail

"In his ruling on the motion for bail on medical grounds, Justice Nwite rejected the request, noting that “renowned Nigerian medical experts are already managing the second defendant’s health”

321

Justice Emeka Nwite of the Federal High Court in Abuja has rejected Tigran Gambaryan’s fresh bail application, dealing a blow to the detained Binance Holdings executive, who faces $35.4 million money laundering charges.

Justice Nwite cited concerns over the Binance Holdings executive’s potential flight risk and the severity of the charges against him.

Gambaryan’s lawyer, Mr. Mark Mordi (SAN), previously argued on September 4 that his client’s health is “perilous.”

He stated that Gambaryan required surgery for a herniated disc and psychiatric care due to depression and anxiety.

Mordi requested a six-week bail for Gambaryan to seek proper medical attention outside the prison, citing inadequate care in custody.

Mr. Ekele Iheanacho, the lawyer for the Economic and Financial Crimes Commission (EFCC), disputed the defense’s claims regarding Tigran Gambary’s health, arguing that they overstated the severity of his condition.

Iheanacho maintained that Gambaryan could receive medical attention while in custody at Kuje Correctional Facility, emphasizing that his health issues did not justify bail.

He said Gambaryan had visited prestigious medical facilities such as the State House Clinic and Nizamiye Hospital, and a medical report from the State House Clinic revealed that he had declined medication and treatment.

He further stated that reports from Nizamiye Hospital showed Gambaryan received comprehensive care and had exhibited no health deterioration.

Iheanacho emphasized that the Nigerian Correctional Service had not proven incapable of managing Gambaryan’s health condition.

He said: “Experts have been engaged, and the NCS is taking care of him. The results so far show no serious illness. Complaints have been sent to the National Security Adviser.”

In his ruling on the motion for bail on medical grounds, Justice Nwite rejected the request, noting that “renowned Nigerian medical experts are already managing the second defendant’s health.”

However, he ordered the Nigerian Correctional Service to refer Gambaryan to a standard hospital in Abuja for treatment for three days to two weeks under security supervision.”

The court then adjourned the case until October 18, 2024, and November 22 and 25, 2024, for continuation of trial.

Leave a comment

Related Articles

Rodri Brushes Off Vinicius, Real Madrid at Ballon d’Or ceremony

Recently crowned 2024 Ballon d’Or winner Rodri has downplayed the absence of...

Super Eagles Land in Abidjan, Gear Up for Benin Republic Clash

The Nigerian national football team, the Super Eagles, has arrived in Abidjan,...

Nigeria signs $1.2bln deal with CNCEC to revive aluminium smelter

Nigeria has taken a significant step towards reviving its dormant aluminium smelter...

VP Shettima Arrives in Benin City for Edo Governor’s Inauguration

Vice President Kashim Shettima has arrived in Benin City, Edo State capital,...

Breaking: Powerful explosion rocks Jos, many people feared dead

A devastating explosion shook the city of Jos on Tuesday morning, sending...

NNPC Ltd. boss, Mele Kyari, thrashes allegation of sabotaging Dangote Refinery as baseless

Mr. Mele Kyari, the Group Chief Executive Officer of the Nigerian National...

Infanticide: US places $25,000 bounty on fleeing Nigerian parent

The United States of America has offered a $25,000 reward for anyone...

Tinubu, Abiodun, Sanwo-Olu, others extol Pastor Tunde Bakare at 70

Pastor Tunde Bakare, the founder of Citadel Global Community Church, is a...

NNPC Ltd. Unveils Plan to Resolve Nigeria’s Energy Trilemma

Nigerian National Petroleum Company Limited (NNPC Ltd) Group CEO, Mr. Mele Kyari,...

Breaking: IPMAN Secures Direct Supply Deal with Dangote Refinery, Promises Steady, Affordable Fuel Nationwide

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a landmark...

“Operation Sweep”, FCT demolition squad, faces backlash from residents, Wike reacts

The recent demolition exercise by “Operation Sweep”, a task force set up...

Nov. 16 Ondo guber poll: Sensitive election materials arrive

Ahead of the Saturday, October 16 governorship poll in Ondo State, sensitive...

China’s imports from Nigeria soar to $15.1bln, 36.1% increase

China’s imports from Nigeria have reached an all-time high of $15.1 billion...

Vandals destroy TCN towers, disrupt power supply in Abuja

The Transmission Company of Nigeria (TCN) has reported a fresh attack on...

Amid opposition, Kano Rep. Jibrin promises to push Tinubu’s tax reform bills through in NASS

In spite of growing opposition to President Bola Tinubu’s controversial tax reform...

FCT Police bust notorious car theft syndicate, arrest suspect, recover 3 vehicles

The Federal Capital Territory (FCT) Police has confirmed the arrest of a...

Osimhen’s Brace Powers Galatasaray to 3-2 Win Over Samsunspor

Nigerian striker Victor Osimhen led Galatasaray to a thrilling 3-2 victory over...

Amotekun, Vigilante groups barred from Ondo gov. election – IGP Egbetokun

The Inspector-General of Police Kayode Egbetokun has banned Amotekun, Vigilante Groups, and...

NPA firefighters extinguish APMT crane fire, no fatalities recorded

The Nigerian Ports Authority (NPA) firefighters, with assistance from other sister agencies,...

Nigeria’s Okonjo-Iweala set to serve second term as WTO DG unopposed

The World Trade Organization (WTO) has confirmed that Dr. Ngozi Okonjo-Iweala will...