National Economy
Wednesday, October 1, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Court Denies Binance Executive Tigran Gambaryan Bail

by Nafisat Abdulrahman
1 year ago
in Business, Companies
Reading Time: 1 min read
gambaryan
Share on FacebookShare on TwitterShare on Telegram

Justice Emeka Nwite of the Federal High Court in Abuja has declined to grant bail to an executive of Binance Holdings Limited, Tigran Gambaryan, on the ground of high risk of flight.

Gambaryan and Binance were arraigned on a five-count charge bordering on money laundering. Both pleaded not guilty.

During the bail application, Defense Counsel, Mark Mordi argued for the court’s power to grant bail with conditions to ensure Gambaryan’s court attendance.

However, the Prosecution Counsel, Ekele Iheanacho opposed the application, labeling Gambaryan a flight risk.

You May Like

Manufacturers Expect Further Lending Rate Cuts Following CBN’s 50bps MPR Reduction

PoS Terminal Prices Surge 30%–100% Across Nigeria

Iheanacho stated, “The defendant attempted to obtain a new passport, claiming his old one was stolen, which is suspicious given the recent escape of his colleague.”

He highlighted Gambaryan’s dual citizenship in the United States and Armenia, emphasising that he lacked ties to any community in Nigeria.

“The fact that the passport of the defendant is with the complainant does not guarantee that he will remain in Nigeria,” Iheanacho asserted.

Justice Nwite, considering the nature and severity of the offense, sided with the prosecution.

He ruled, “The applicant will jump bail if bail is
granted to him,” and ordered Gambaryan’s remand in the custody of the Economic and Financial Crimes Commission (EFCC), in ensuring his safety and preventing potential flight.

Following the ruling, the trial was scheduled for accelerated hearing, with the EFCC calling its first witness who is a staff from the Securities and Exchange Commission (SEC).

Tags: Tigran Gambaryan
ShareTweetShare
Previous Post

Nigeria Cannot Remain Poor With Its Vast Mineral Wealth – Alake

Next Post

FAAN Introduces Mandatory E-Tags For Access Into Federal Airports

ANOTHER GOOD READ

Manufacturers Expect Further Lending Rate Cuts Following CBN’s 50bps MPR Reduction
Business

Manufacturers Expect Further Lending Rate Cuts Following CBN’s 50bps MPR Reduction

12 hours ago
PoS Terminal Prices Surge 30%–100% Across Nigeria
Business

PoS Terminal Prices Surge 30%–100% Across Nigeria

12 hours ago
NAFDAC Destroys N10bn Worth Of Substandard Products In North-East
Business

NAFDAC Bans 101 Pharmaceutical Products In Nigeria Over Safety Concerns

12 hours ago
“ECOWAS Commends Customs Over B’Odogwu” Innovation, Increased Revenue Generation
Business

ECOWAS Donates N26m In Support Of Children Affected By Armed Conflict In Plateau

12 hours ago
Business

US Judge Blocks Trump’s Mass Layoff Of VOA Staff

17 hours ago
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT
Business

Edo Approves Revised Supplementary Budget Of N799bn For 2025

17 hours ago
Next Post
Relocation Of Headquarters To Lagos Was To Stop Waste Of Resources – FAAN

FAAN Introduces Mandatory E-Tags For Access Into Federal Airports

Most Recent

Manufacturers Expect Further Lending Rate Cuts Following CBN’s 50bps MPR Reduction

Manufacturers Expect Further Lending Rate Cuts Following CBN’s 50bps MPR Reduction

September 30, 2025
PoS Terminal Prices Surge 30%–100% Across Nigeria

PoS Terminal Prices Surge 30%–100% Across Nigeria

September 30, 2025
NAFDAC Destroys N10bn Worth Of Substandard Products In North-East

NAFDAC Bans 101 Pharmaceutical Products In Nigeria Over Safety Concerns

September 30, 2025
Lagos NURTW Member Arraigned Over Alleged Murder Of Dispatch Rider

Lagos NURTW Member Arraigned Over Alleged Murder Of Dispatch Rider

September 30, 2025
“ECOWAS Commends Customs Over B’Odogwu” Innovation, Increased Revenue Generation

ECOWAS Donates N26m In Support Of Children Affected By Armed Conflict In Plateau

September 30, 2025
ARISE News Maduagwu’s Death Painful, Unfortunate

ARISE News Maduagwu’s Death Painful, Unfortunate

September 30, 2025

US Judge Blocks Trump’s Mass Layoff Of VOA Staff

September 30, 2025
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT

Edo Approves Revised Supplementary Budget Of N799bn For 2025

September 30, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy