Court denies Binance Executive’s Medical bail application

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Justice Emeka Nwite of the Federal High Court in Abuja has denied a fresh bail application by Tigran Gambaryan, a detained Binance Holdings executive, who sought release on medical grounds.

In his ruling, Justice Nwite dismissed the request, stating that Gambaryan’s health was already being managed by reputable Nigerian medical experts. However, the judge directed the Nigerian Correctional Service to ensure Gambaryan receives treatment at a standard hospital in Abuja for a period of three days to two weeks, under strict security supervision.

The case was subsequently adjourned to October 18, November 22, and 25 for the continuation of the trial. Gambaryan’s lawyer, Mark Mordi, had earlier argued that his client’s health was in a “perilous” state, requiring surgery for a herniated disc and psychiatric treatment for depression and anxiety. He requested a six-week bail for Gambaryan to seek medical care outside prison, claiming that the healthcare in custody was inadequate.

However, the prosecuting lawyer from the Economic and Financial Crimes Commission (EFCC), Ekele Iheanacho, opposed the bail request, contending that Gambaryan’s health condition had been exaggerated. Iheanacho argued that Gambaryan could continue receiving treatment while in detention at the Kuje Correctional Facility, as his condition was not critical enough to justify bail.

Iheanacho further pointed out that Gambaryan had been taken to top medical facilities, including the State House Clinic and Nizamiye Hospital. He presented reports indicating that Gambaryan had refused medication and treatment at the State House Clinic, and had received adequate care at Nizamiye Hospital without showing signs of health deterioration.

The EFCC prosecutor maintained that the Nigerian Correctional Service was capable of managing Gambaryan’s health, emphasizing that medical experts were involved and no serious illness had been reported.

Gambaryan is facing charges related to a $35.4 million money laundering case brought against him by the EFCC.