Binance exec will remain in Nigerian custody until May 17 bail hearing: Report

The question of Tigran Gambaryan’s bail in Nigeria was expected to be addressed in an April 22 hearing, which has reportedly been pushed back to May 17.

Tigran Gambaryan, a Binance executive detained in Nigeria since February, will reportedly remain in custody until a bail hearing on May 17.

According to April 23 reports from local news outlets, Gambaryan will remain in Nigeria’s Kuje prison until at least May 17, when a judge will decide whether to grant the Binance executive bail. He initially traveled to Nigeria in February with fellow Binance executive Nadeem Anjarwalla to address claims the exchange manipulated the country’s fiat currency, the naira. Nigerian authorities detained both Binance executives as the crypto exchange announced that it intended to cease all naira transactions.

Gambaryan was expected to return to court on April 19 following an initial postponement, and the question of bail was to be addressed on April 22. He has pleaded not guilty to tax evasion and money laundering charges brought by Nigeria’s Economic and Financial Crimes Commission, with a trial scheduled for May 2.

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