A Federal High Court in Abuja has rejected the bail application of Tigran Gambaryan, an executive of a cryptocurrency firm, citing concerns that he may flee if released.
According to The PUNCH, Justice Emeka Nwite delivered the ruling on Friday, stating that he had carefully reviewed the application and determined that Gambaryan posed a flight risk.
Gambaryan, along with his company, Binance Holdings Limited, and another executive, Nadeem Anjarwalla (currently at large), are facing charges brought by the Economic and Financial Crimes Commission related to money laundering and terrorism financing.
More to come…
