Nigerian Court To Decide Binance Exec’s Bail Application on Oct 9
A Nigerian court will decide on October 9 whether to grant bail to Binance executive Tigran Gambaryan , who has been detained for over six months.
According to a recent Bloomberg report , the court in Abuja opted to delay its decision to October after hearing hours of assertions on Wednesday.
Nigerian Court Postpones Decision After Hearing
Gambaryan, who led financial crime compliance at Binance, faces currency manipulation and money laundering charges. His legal representatives sought bail because of pressing medical requirements.
The defense contended that the necessary medical treatment is unavailable within the Nigerian prison system, whereas the prosecution asserted that sufficient care Gambaryan needs can be accessed in the nation’s facilities.
State Prosecutor Ekele Iheanacho claimed that the medical care provided by the prison hospital and another facility for senior government officials in Abuja was sufficient for the Binance executive.
Gambaryan’s Family Voice Concerns
Gambaryan’s family reported that he was denied the use of a wheelchair to enter the court on Monday, forcing him to use crutches despite his apparent pain and distress. They noted he appeared visibly upset, even crying during the proceedings.
“They are also deeply concerned about his health conditions including a herniated disc in his back as well as suffering bouts of Pneumonia, Malaria and Tonsillitis,” said the family.
This inhumane treatment of Tigran must end. He must be allowed to go home for medical treatment and to be with his family. https://t.co/HsQNoyE0cS
— Richard Teng (@_RichardTeng) September 3, 2024
The Nigerian prosecutor initially opposed his bail request, arguing that he was not seriously ill despite medical records indicating he required urgent surgery.
His legal team has also faced difficulties accessing him for trial preparation due to restrictions at Kuje prison, where he is being held.
On Monday, Gambaryan, who has been detained in Nigeria since February, submitted a fresh bail application, citing health concerns. However, according to statements from his family, Nigerian economic crimes agency lawyers continue to oppose the Binance executive’s release on medical grounds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Donald Trump uses Bitcoin to buy burgers at NYC bar
Google Cloud Unveils Blockchain RPC Service: What It Means for Adoption
Critical FED Interest Rate Decision Expected in Bitcoin Today! What Time Will It Be Announced? Here Are the Expectations and Things to Know!
While the FED's interest rate decision is awaited in Bitcoin today, it remains unclear whether the FED will reduce interest rates by 25 basis points or 50 basis points.
Last Minute Interest Rate Announcement from BofA and Two Companies – Here is the Decision They Expected Just Ahead
Analysts from BofA and two other firms shared their latest expectations for the Fed's interest rate decision, which is now just minutes away.