EFCC Speaks On Releasing Binance Executive From Custody

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Naijanews April 24, 2024 6:43 a.m.

EFCC Speaks On Releasing Binance Executive From Custody

The prosecution argues that releasing Gambaryan on bail could repeat the escape incident, emphasizing his lack of community ties in Nigeria and the virtual nature of Binance’s operations as aggravating factors.

The prosecution highlighted that Gambaryan had attempted to obtain a new passport after the EFCC had seized his original passport, hinting at a planned escape similar to Anjarwalla’s.

In contrast, Gambaryan’s defense, led by Senior Advocate of Nigeria Mark Mordi, contested these claims, arguing that the detention was akin to state-sanctioned hostage-taking and insisting there was no substantial evidence to deem his client a flight risk..

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