Courts Rejects Bail for Detained Binance Executive, Says Nigeria Can Handle His Health

Tigran Gambaryan, Binance’s head of financial compliance, has been denied bail for the second time as he faces money laundering charges in Nigeria. The Federal High Court in Abuja ruled Friday that the Nigerian Correctional Service can handle his medical needs.

The ruling on Gambaryan’s bail application was postponed on Wednesday due to the absence of Justice Emeka Nwite. The Binance executive has been in detention since February and is accused of money laundering.

During the court hearing on Friday, his lawyer argued that he needed surgery outside prison, but Judge Nwite stated there was no proof the prison could not manage his health. The judge also said that Gambaryan had an ongoing appeal from a previous bail ruling, making his current request a misuse of court procedures.

The trial was adjourned to October 18 after two state witnesses were cross-examined.

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