A fresh bail application for Tigran Gambaryan, an executive of Binance Holdings Limited, was postponed on Wednesday due to the absence of Justice Emeka Nwite of the Federal High Court, Abuja.
The court had been set to rule on Gambaryan’s bail request, but Justice Nwite was attending a seminar at the National Judicial Institute in Abuja. The ruling is now scheduled for October 11.
The News Agency of Nigeria reports that the Economic and Financial Crimes Commission, EFCC, opposed Gambaryan’s bail application, which was presented by his counsel, Mark Mordi, SAN. During a previous hearing on September 4, EFCC lawyer Ekele Iheanacho, SAN, argued vigorously against the bail request.
Iheanacho claimed that the Binance executive was receiving adequate medical treatment from the Nigerian Correctional Service, NCoS, and alleged that Gambaryan had previously rejected medical assistance from the State House Clinic in Abuja. He cited a medical report from the clinic that purportedly indicated that Gambaryan’s health was not as critical as claimed.
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The EFCC attorney emphasized that the NCoS was capable of providing the necessary medical care and that Gambaryan had been referred to several hospitals, including the State House Clinic. He further stated that no medical procedure could be performed without the defendant’s consent, arguing that Gambaryan could not suddenly develop health issues as suggested.
In contrast, Mordi urged the court to grant Gambaryan bail on liberal terms or, alternatively, for six weeks due to health concerns. He contended that, despite the EFCC’s claims, medical documents indicated that Gambaryan required specialized medical care that could not be adequately provided within Nigeria.
As the legal proceedings continue to unfold, Gambaryan’s future remains uncertain. The next court date will be critical in determining whether he will be granted bail or remain in custody under challenging health conditions. The case highlights ongoing tensions between cryptocurrency firms and regulatory bodies in Nigeria amid broader concerns about financial oversight and human rights.
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