On Friday, May 17, a Federal High Court Abuja, denied the bail application of Tigran Gambaryan, a crypto currency firm executive.

Justice Emeka Nwite, while delivering the ruling held that the bail application is refused as he has carefully gone through the application submitted before him and resolved that the defendant will jump bail if granted.

Gambaryan, his company, Binance Holdings Limited and a fellow top executive currently on the run, Nadeem Anjarwalla, were charged by the Economic and Financial Crimes Commission, with money laundering and terrorism financing .

Details shortly….