Crime

Nigerian government says Binance executive, Nadeem Anjarwalla, who escaped custody in Nigeria, has been found in Kenya

 

A source in the presidency, who preferred anonymity, confirmed the development as the Economic and Financial Crimes Commission, the International Criminal Police, the Nigeria Police Force, and the Kenyan Police Service have deepened talks to quicken Anjarwalla’s extradition.

“We know where he is. He is in Kenya, and we’re working with the authorities to bring him back to Nigeria”, the source said.

The EFCC chairman, Ola Olukuyede, last month, in a statement, stressed that the commission is collaborating with INTERPOL, the US, UK, Northern Ireland and Kenyan authorities to extradite Anjarwalla, who has been on the run.

The commission had instituted five-count charges bordering on tax evasion, currency speculation and money laundering against Binance Holdings Limited, Tigran Gambaryan and Anjarwalla, the firm’s executives.

EFCC arraigned Binance and the two executives on Thursday, April 4, 2024.

Recall that Anjarwalla escaped from custody on March 22 and has been at large since then.

Meanwhile, the government confirmed that EFCC had fully taken over the case of Binance from the Office of the National Security Adviser, ONSA.

For months, the Nigerian government sustained its crackdown on Binance over its role in manipulating the country’s Foreign exchange market.

During the 293rd meeting of the Monetary Policy Committee, MPC, in February, the Central Bank of Nigeria Governor, Olayemi Cardoso, had said that more than $26 billion had been funnelled through Binance without a trace.

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