For the better part of the past six months, Tigran Gambaryan, Binance‘s chief financial crime compliance officer—a U.S. citizen and former IRS agent—has been incarcerated in one of Nigeria’s most notorious prisons, far away from his family and loved ones, for alleged offenses committed by his employers.

While the Binance executive has managed to shake tax evasion charges, money laundering charges have persisted. Amid less-than-ideal living conditions and worsening health, the Binance executive has sought reprieve through bail but these efforts continue to face roadblocks.

Judge Calls for Time

Binance’s Tigran Gambaryan will have to wait to know if he will get some respite from the horrendous conditions of Nigeria’s infamous Kuje Prison. In a Wednesday, September 4, hearing observed by my colleague, DailyCoin reporter Grace Abidemi, Nigeria Federal High Court Judge Justice Emeka Nwite asserted that he needed more time to consider the Binance man’s most recent application for bail on medical grounds filed on August 28. Sponsored

Before now, the judge had denied Gambaryan bail in May 2024, arguing that he was a flight risk even though the Binance executive’s travel documents have been in the custody of the country’s National Security Adviser Nuhu Ribadu since February 2024.

The recent deferral comes despite Gambaryan reportedly suffering from severe mobility impairments from a rapidly deteriorating spinal condition requiring immediate surgery amid bouts of malaria and pneumonia.

This is a developing story that will be updated with more details from ongoing proceedings.

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