Bail appeal of Binance executive denied once more, leading to continued detention.

The bail application hearing for Tigran Gambaryan, an executive at Binance, has been postponed once again by a Federal High Court in Abuja, Nigeria. Originally scheduled for April 18, the hearing has been rescheduled for April 22, according to local news agency Nairametrics. During the court session, the Economic and Financial Crimes Commission (EFCC) informed the court that Gambaryan’s lawyer submitted an additional affidavit to his bail application on April 16. The defense raised new points, which required time for a proper response in the pursuit of justice. The judge, Justice Emeka Nwite, agreed to postpone the proceedings. However, Gambaryan’s lawyer, Mark Mordi, criticized the prosecution for not filing a response to the additional affidavit. The Binance executive has been held in federal government custody for over 14 days. The EFCC accused Binance, Gambaryan, and Nadeem Anjarwalla of concealing the source of $35.4 million revenue in Nigeria, alleging it was the proceeds of unlawful activity. Gambaryan pleaded not guilty to the charges. Binance and its executives are facing two separate lawsuits: one related to tax evasion and another accusing them of money laundering and foreign exchange violations. Gambaryan is also suing the government for violating his fundamental human rights, claiming that his detention and the confiscation of his passport violate the country’s constitution. The arrest of Gambaryan and Anjarwalla occurred after the Nigerian government banned cryptocurrency channels as part of an effort to curb currency speculation. Anjarwalla managed to escape detention using a fake passport.