Justice Emeka Nwite of the court ruled on Friday, May 17, said Gambaryan, who is currently facing money laundering offences, is likely to jump bail if granted.
Channels TV reported that Binance Holdings Limited and its executive were arraigned on a five-count charge, in which the defendants pleaded not guilty.
Mark Mordi, the defence counsel in an application, posited that the court is empowered to grant bail to his client and impose conditions to ensure that he is always in court.
Ekele Iheanacho, counsel to the federal government, opposed Binance’s bail application, stating that the defendant was a flight risk.
According to the prosecuting counsel, the Binance executive attempted to obtain a new passport, claiming the previous one was stolen. He said the act was suspicious because of the closeness between the time and when his colleague escaped from custody.
He then urged the court not to grant him the request, considering the fact that he was not connected to any community in Nigeria.
His statement reads in part:
Source: TimesNow.com.ng
