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<ul class="news-points wp-block-list"> 
 <li>Nigerian court denies Binance exec’s bail, citing abuse of process.</li> 
 <li>EFCC challenges claims about Tigran Gambaryan’s health, and says Nigerian hospitals can treat him.</li> 
 <li>Gambaryan faces serious money laundering charges, remains detained.</li> 
</ul> 
A Nigerian court has <a href="https://www.bloomberg.com/news/articles/2024-10-11/nigeria-court-rejects-binance-executive-bail-plea-on-ill-health?utm_source=telegram&amp;utm_content=crypto&amp;utm_medium=social" target="_blank" rel="nofollow">denied a new bail request </a>from Binance executive Tigran Gambaryan, who remains in custody on money laundering charges. 
Justice Emeka Nwite of the Federal High Court in Abuja announced the decision, referencing Gambaryan’s first bail appeal, which is still pending. The Binance executive had previously requested bail due to health concerns. Nwite stated that filing a new application is an abuse of the legal process. 
Gambaryan’s legal team has been pushing for his release, citing worsening health, including a severe disk problem that requires surgery. Despite medical reports from the State House Annex Clinic recommending surgery, the Economic and Financial Crimes Commission (EFCC) disputed the need for surgery. 
Read also : <a href="https://coinedition.com/stablecoins-propel-nigeria-to-2nd-place-in-crypto-adoption/">Nigeria Accuses Binance of Terrorism Financing and Money Laundering</a> 
The EFCC argued that Nigerian medical facilities are capable of providing adequate care for Gambaryan and pre…
The post <a href="https://coinedition.com/binance-executives-bail-denied-a-second-time-in-nigeria/">Binance Executive’s Bail Denied a Second Time in Nigeria</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance Executive’s Bail Denied a Second Time in Nigeria

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