A Federal High Court in Abuja has dismissed the bail application filed by an official of of Binance Holdings Limited, Tigran Gambaryan, being tried for alleged money laundering offences.

In a ruling on Friday, Justice Emeka Nwite held that there was the likelihood that Gambaryan would jump bail.

Justice Nwite agreed with prosecuting lawyer, Ekele Iheanacho that, with the earlier escape of Gambaryan’s co-defendant,  Nadeem Anjarwalla (the Binance Regional Manager for Africa) from custody, it would be unwise to grant bail to Gambaryan.

Details shortly…