Tigran Gambaryan, an executive of a cryptocurrency corporation, had his bail plea ruled against by a Federal High Court in Abuja on Friday.
In his verdict, Justice Emeka Nwite stated that the bail application was denied because, after carefully reviewing it, he concluded that, should bail be granted, the defendant would violate it.
The Economic and Financial Crimes Commission indicted Gambaryan, his business Binance Holdings Limited, and another top executive who is presently fugitive, Nadeem Anjarwalla, with money laundering and financing terrorism.
Details to come shortly….
