A Federal High Court in Abuja has denied the bail application of Tigran Gambaryan, an executive at Binance, a cryptocurrency trading company.
In his ruling on Friday, Justice Emeka Nwite stated that the decision was made after a thorough review of the documents, concluding that Gambaryan was likely to flee if granted bail.
In related news, Dominic Okafor, Deputy Chairman of the House of Representatives Committee on Delegated Legislation, has refuted allegations of accepting a $140 million bribe from top executives at Binance Holdings Limited.
During a press conference at the National Assembly Complex in Abuja on Friday, Okafor announced his intention to pursue legal action against the online news platform that published the allegations.
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Okafor said, “I am here this afternoon to talk about the false information that has been going on in the social media since after the sponsorship of my motion on Wednesday, May 8, a motion of urgent national importance in which I talked about the need to investigate the escape from custody of one of the executives of Binance, Mr Nadir Anjewala.
“Shortly after I moved that motion which was well received, a lot of people were called to commend me. Shortly after that, I started getting calls from my friends all over the world saying I collected bribes from this very company.
“I got worried and after that, I wrote a letter to Premium Times, the media company that originated the story. I wrote a letter to them and I copied the Speaker, Deputy Speaker, Clerk, Inspector General of Police, the EFCC and DSS.
“I asked them to retrieve the information within 24 hours and if not, I will take legal action against them.
“That is why I am here to exonerate myself from such accusation aimed at tarnishing my image which I have earned over the years.
“I am coming from the private sector. I have been a member of Rotary International for over 25 years, for those of you who know what Rotary means and what they stand for. And someone wants to tarnish that image and integrity I have built over the years.”
