A Federal High Court sitting in Abuja has denied the bail application of Tigran Gambaryan, an executive of Binance, cryptocurrency trading company.

Delivering the ruling on Friday, the presiding judge, Justice Emeka Nwite held that the bail application was rejected after carefully reviewing the document.

Nwite said he resolved that the defendant will jump bail if granted.

Meanwhile, the deputy chairman, House of Representatives Committee on Delegated Legislation, Dominic Okafor, has denied an allegation of a $140 million bribe from top executives of cryptocurrency giants, Binance Holdings Limited.

Okafor, who addressed a press conference at the National Assembly Complex, Abuja on Friday, threatened to take legal action against an online news platform which published the news.

Okafor said, “I am here this afternoon to talk about the false information that has been going on in the social media since after the sponsorship of my motion on Wednesday, May 8, a motion of urgent national importance in which I talked about the need to investigate the escape from custody of one of the executives of Binance, Mr Nadir Anjewala.

“Shortly after I moved that motion which was well received, a lot of people were called to commend me. Shortly after that, I started getting calls from my friends all over the world saying I collected bribes from this very company.

“I got worried and after that, I wrote a letter to Premium Times, the media company that originated the story. I wrote a letter to them and I copied the Speaker, Deputy Speaker, Clerk, Inspector General of Police, the EFCC and DSS.

“I asked them to retrieve the information within 24 hours and if not, I will take legal action against them.

“That is why I am here to exonerate myself from such accusation aimed at tarnishing my image which I have earned over the years.

“I am coming from the private sector. I have been a member of Rotary International for over 25 years, for those of you who know what Rotary means and what they stand for. And someone wants to tarnish that image and integrity I have built over the years.”

Politics Nigeria reports that Gambaryan, Binance Holdings Limited and another top executive who is currently on the run, Nadeem Anjarwalla, were charged by the Economic and Financial Crimes Commission (EFCC), with money laundering and terrorism financing.

Source : https://politicsnigeria.com/breaking-court-denies-binance-executive-tigran-gambaryan-bail/#google_vignette

Ftc

Good. Until binance pau every fine imposed on it by the government.

Your ogas Don use their mouth put you for wahala.... Dem say Nigerian government dey ask for bribe without dropping evidence and him colleague escape from custody again ... U go chop beans 4 long my bro

This is interesting 🤔

They will still collect the bribe finally finally and let him go

The best part of your life will be those small, nameless moments you spent with someone who matters to you.

Waiting for the tribalist on this forum. They are coming

This shithole people should leave this guy alone and sue binance, the corporate entity

Wawu .....naira must be normalized in Jesus name

The person above me will wake up in November when dollar gets to 2,000. Then he'll realize that the strength of the Naira is hinged on the country's export strength which is presently zero and not prayers or propaganda.

What else do you expect from judicial bandits?

wonlasewonimi:
This shithole people should leave this guy alone and sue binance, the corporate entity

You should cover your face in Shane. Bail is not automatic. All factors are considered carefully.
The guy is not a Nigerian citizen, so he is a flight ridk.Thats how its done in western world. You will realise for example a murderer will be granted bail in America because he is a citizen but a shop lifter may not be granted because he is not a citizen for been a flight risk . He may disappear. That's one of the reasons Ekweremadu was not granted bail despite his political figure in Nigeria. Had it been Ekweremadu was citizen he would have been granted Bail. So stop castigated your country all rhe Time.

It's well.

Ijaya123:
Good. Until binance pau every fine imposed on it by the government.

What fine?
What is the Nigerian Government charging fine for?

Krankhead:
You should cover your face in Shane. Bail is not automatic. All factors are considered carefully.
The guy is not a Nigerian citizen, so he is a flight ridk.Thats how its done in western world. You will realise for example a murderer will be granted bail in America because he is a citizen but a shop lifter may not be granted because he is not a citizen for been a flight risk . He may disappear. That's one of the reasons Ekweremadu was not granted bail despite his political figure in Nigeria. Had it been Ekweremadu was citizen he would have been granted Bail. So stop castigated your country all rhe Time.

The issue is not about flight risk, but holding the wrong person. Holding an employee in place of a corperate entity is wrong.

Nigerian hold employee. This country never cease to amaze me though

PlanetZero:
Nigerian hold employee. This country cease to amaze me though

Let him bring his employee to stand in his stead then

Bail keh,
Make he join him brother japa...

why naija dey arrest employee for company crimes? na wa oo

The corporate entity should be sued, not the staff. He is not the CEO

Krankhead:
You should cover your face in Shane. Bail is not automatic. All factors are considered carefully.
The guy is not a Nigerian citizen, so he is a flight ridk.Thats how its done in western world. You will realise for example a murderer will be granted bail in America because he is a citizen but a shop lifter may not be granted because he is not a citizen for been a flight risk . He may disappear. That's one of the reasons Ekweremadu was not granted bail despite his political figure in Nigeria. Had it been Ekweremadu was citizen he would have been granted Bail. So stop castigated your country all rhe Time.

Judolisco:
Your ogas Don use their mouth put you for wahala.... Dem say Nigerian government dey ask for bribe without dropping evidence and him colleague escape from custody again ... U go chop beans 4 long my bro

The Werey of an Organisation was forming ' Right' in Nigeria and to worsen there situations said they can do anything like ' fixing rates,far above our CBN!
What an audacity - this they can't do in USA or any European Countries or na by force make you stay in Nigeria ni?

Wawu .....naira must be normalized in Jesus name

Krankhead:
You should cover your face in Shane. Bail is not automatic. All factors are considered carefully.
The guy is not a Nigerian citizen, so he is a flight ridk.Thats how its done in western world. You will realise for example a murderer will be granted bail in America because he is a citizen but a shop lifter may not be granted because he is not a citizen for been a flight risk . He may disappear. That's one of the reasons Ekweremadu was not granted bail despite his political figure in Nigeria. Had it been Ekweremadu was citizen he would have been granted Bail. So stop castigated your country all rhe Time.

When you go to school to just cram to graduate, you become semi literate.
Nigerian government is holding an employee of a corporate organisation in detention for a supposedly offence committed by the company.

This is like you working for an organisation, not a part owner or promoter of the company. Then, there is an issue to be resolved and you go across the pond to represent your org to discuss it, and they hold you in detention indefinitely.

There are a lot of olodos in this country, we are trying our best efforts to get them educated you inclusive.

Humm

Nigga you need to eat more Kuje beans and get sense like....

Onikuje of Kuje Prisons - Mazi Nnamdi Kanu.

wonlasewonimi:


When you go to school to just cram to graduate, you become semi literate.
Nigerian government is holding an employee of a corporate organisation in detention for a supposedly offence committed by the company.

This is like you working for an organisation, not a part owner or promoter of the company. Then, there is an issue to be resolved and you go across the pond to represent your org to discuss it, and they hold you in detention indefinitely.

There are a lot of olodos in this country, we are trying our best efforts to get them educated you inclusive.

You are the one that is a slowpoke here. Go and bring him out. You keep denigrating your country . If it is America that detain him now , you will.be praising America.

Krankhead:
You are the one that is a slowpoke here. Go and bring him out. You keep denigrating your country . If it is America that detain him now , you will.be praising America.

Stop being a Arrow. The country that is known as denigrated Nigeria.

wonlasewonimi:


Stop being a Arrow. The country that is known as denigrated Nigeria.

it is the word of you people that is denigrating the country.

Krankhead:
it is the word of you people that is denigrating the country.

Yeah right...your idiotic government holding innocent employees in detention illegally is not denigrating the country.