The Federal High Court in Abuja Thursday fixed 9 October for ruling on a fresh bail application filed by the detained Binance Holdings Limited’s executive, Tigran Gambaryan.
Gambaryan is currently standing trial over the company’s activities in Nigeria.
At the proceedings, the trial judge, Emeka Nwite, set the date for ruling after a hearing Gambaryan’s bail application earlier, which the prosecution – the Economic and Financial Crimes Commission (EFCC) – vehemently opposed.
Gambaryan, previously denied bail by the trial court a few months ago, is standing trial alongside Binance, a cryptocurrency company, on five counts of money laundering and currency speculation involving as much as $34.4 million.
Binance is facing tax evasion charges in a separate case before another judge.
The United States citizen has been held at the Kuje Correctional Centre in Abuja since his arraignment in April.
The court’s decision came about two months after Gambaryan’s colleague, Nadeem Anjarwalla, reportedly escaped from a pre-trial custody in Abuja in March.
Gambaryan anchored his fresh bail application on health grounds.
Opposing his fresh bail application on Wednesday, the EFCC told the trial judge, Emeka Nwite, that Gambaryan rejected the medical treatment at the State House Clinic.
Counsel for the EFCC, Ekele Iheanacho, told trial judge Emeka Nwite while opposing Gambaryan’s second bail application moved by his lawyer, Mark Mordi, a Senior Advocate of Nigeria.
Iheanacho, who drew the court’s attention to the State House Clinic’s medical report, said Gambaryan’s ill health was not as bad as it was being painted.