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BREAKING: Court denies Binance executive, Tigran Gambaryan bail

A Federal High Court sitting in Abuja has denied the bail application of Tigran Gambaryan, an executive of Binance, cryptocurrency trading company.

Delivering the ruling on Friday, the presiding judge, Justice Emeka Nwite held that the bail application was rejected after carefully reviewing the document.

Nwite said he resolved that the defendant will jump bail if granted.

Meanwhile, the deputy chairman, House of Representatives Committee on Delegated Legislation, Dominic Okafor, has denied an allegation of a $140 million bribe from top executives of cryptocurrency giants, Binance Holdings Limited.

Okafor, who addressed a press conference at the National Assembly Complex, Abuja on Friday, threatened to take legal action against an online news platform which published the news.

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.”

The article was originally published on Politics Nigeria.

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