Binance executive’s bail ruling stalled due to judge’s absence

...ruling adjourned to Friday

Tigran Gambaryan, Binance executive, at the federal high court in Abuja

Tigran Gambaryan, Binance executive, at the federal high court in Abuja


The federal high court in Abuja postponed ruling on Tigran Gambaryan’s bail application due to the judge’s absence at a National Judicial Institute seminar.

The ruling, initially scheduled for delivery, has been rescheduled for Friday.

Gambaryan, a Binance Holdings Limited executive, and Binance face money laundering allegations filed by the Economic and Financial Crimes Commission (EFCC) in April.

The court denied Gambaryan’s first bail request on May 17, after which he collapsed in court due to “ill-health.”

Concerns about Gambaryan’s deteriorating health have been raised by his family and legal team, warning of potential fatal consequences if his health issues persist.

According to his wife, Yuki, Gambaryan requires “highly specialised and risky surgery” to treat a herniated disc in his back.

The situation led to the issuance of an arrest warrant against Abraham Ehizojie, a Kuje correctional centre medical doctor, for failing to produce Gambaryan’s medical report.

On September 2, the EFCC contested Gambaryan’s health claims through a counter affidavit filed by Iheanacho.

Mordi submitted another bail application on August 28, seeking Gambaryan’s release on medical grounds, but the prosecution opposed it.

EFCC counsel Ekele Iheanacho stated that Gambaryan’s health challenges are “not as serious” as claimed after reviewing his medical records.

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