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A federal high court in Abuja has refused to grant bail to an executive of Binance Holdings Limited, a cryptocurrency firm, Tigran Gambaryan.
The presiding judge, Emeka Nwite, held that Mr. Gambaryan is likely to "jump bail if it is granted to him".
The company and its executive were arraigned on a five-count charge bordering on money laundering before Emeka Nwite, judge of a federal high court in Abuja. The defendants have pleaded not guilty to the charge.
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