Justice Emeka Nwite issued the order on Monday shortly after Gambaryan was arraigned and he pleaded not guilty to the five-count money laundering charge brought against him and two others.
Mordi prayed the court to hear the bail application or alternatively, remand Gambaryan in the custody of the EFCC pending the determination of the bail application. Iheanacho faulted Mordi and argued that the prosecution has done all that was required under the law by serving Binance through the second defendant He added: “Service on the first defendant, which the second defendant refused to accept, is a proper service on the first defendant.”In his ruling on Monday Justice Nwite held among others, that the objection raised on behalf of Gambaryan was without merit.
The judge held that all the prosecution needed to do was to establish that the person being served is an agent of Binance. The EFCC , in the charge, accused the defendants concealing of the origin of a cumulative sum of $35,400, 000 generated as revenue by Binance in Nigeria, knowing that the funds constituted proceeds of unlawful activity.
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