A Federal High Court session in Abuja took a pause today, adjourning the ongoing trial in the money laundering lawsuit involving Binance Holdings Limited and its executives, Tigran Gambaryan and Nadeem Anjarwalla, until May 17.
During today’s session, Tony Krukrubo, the defendant’s counsel, informed the court of not yet receiving additional proof of evidence.
However, the court bailiff revealed encountering resistance from Gambaryan, refusing to accept the documents at Kuje prison on April 30. Gambaryan directed the bailiff to serve the documents to Binance Holdings Limited’s lawyer, acknowledging the company’s legal representation.
Responding to the situation, Justice Emeka Nwite ordered the service of documents to Binance’s counsel in court before adjourning the matter.
The judge stated, “This matter will now be adjourned till May 17 for trial.”
Previously, on April 23, the court scheduled May 17 to rule on Gambaryan’s bail request, presented by his counsel, Mark Mordi (SAN). Mordi argued for Gambaryan’s bail, emphasizing his prolonged detention without family visits and disputed flight risk claims.
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In response, prosecution counsel Emeka Iheanacho urged the court to deny Gambaryan’s bail request, proposing his transfer from Kuje prison to EFCC custody to prevent potential escape.
Iheanacho highlighted Gambaryan’s alleged attempts to obtain a new international passport and his dual citizenship status as factors indicating flight risk.
The lawsuit involves allegations of money laundering amounting to $35 million, implicating Gambaryan, Binance Holdings Limited, and Anjarwalla, with accusations of conspiring to conceal the origin of financial proceeds in Nigeria.