On April 18, the Federal High Court in Abuja postponed the bail hearing for Binance’s Vice President of Global Intelligence and Investigations, Tigran Gambaryan, according to Nairametrics.
During the session, a representative from the Economic and Financial Crimes Commission stated that more time was needed to address the “new issues” raised by the defense in their April 16 application.
“We should not be denied our right to a fair trial, as haste in justice equates to its absence,” he said.
Judge Emeka Nwite accepted the prosecution’s arguments and rescheduled the hearing for April 22.
Gambaryan’s lawyer, Mark Mordi, noted that his client has been in custody for over 14 days.
Nigerian authorities detained the Binance executive and the exchange’s regional director for Africa, Nadeem Anjarwalla, on February 25. They and the platform were accused of tax evasion and money laundering.
On April 8, the court arrested Gambaryan, who pleaded not guilty.
Anjarwalla escaped custody but was tracked down by law enforcement in Kenya.
Binance has been asked to provide data on all Nigerian users and their transaction history, as well as to settle tax claims.
The platform potentially faces a $10 billion fine.