Alleged money laundering: Court rejects Binance executive’s bail plea

Justice Emeka Nwite, in a ruling, held that based on the affidavit evidence before him, Gambaryan would jump bail if the application is granted. “I have carefully considered the affidavit evidence before me and I am…

Justice Nwite had ordered the remand of Gambaryan in Kuje Correctional Centre after he pleaded not guilty to the money laundering charges preferred against him by the EFCC. According to him, the complainant’s allegation that Gambaryan was arranging to escape from custody like his colleague was false.Iheanacho argued that the court would be taken a grave risk by granting the Binance agent a bail because he had no attachment to any community in Nigeria or competent person to stand as his surety.

He disagreed with Mordi that the commission had not provided credible evidence that Gambaryan was planning to escape. The Tertiary Education Trust Fund and the Colleges of Education Academic Staff Union have kicked against the growing trend of converting public colleges of education to universities in Nigeria. They described the development as worrisome, considering the pivotal roles colleges of education play in producing teachers at the basic education level for the…

The Federal Government has announced measures to prevent the extinction of Lake Chad. This was made by the Minister of Water Resources and Sanitation, Prof. Joseph Terlumun Utsev, at the Water Summit and Exhibition held in Abuja. Professor Utsev highlighted several initiatives, including a Memorandum of Understanding between the Lake Chad Basin Commission and…

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