The Nigerian Government Continues Struggle Against Suspicious Crypto Activities
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Home > News > Editor Choice
Published: 04/04/2024
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Author: Kane
Nigeria Government Collaborates with Interpol to Extradite Binance Director
The Nigerian government and the International Criminal Police Organization (Interpol) have initiated a coordinated plan to extradite Binance Director Nadeem Anjarwalla, who escaped from custody on March 22, 2024.
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The Nigerian Government Continues Struggle Against Suspicious Crypto Activities
Local sources report that high-level government sources in Nigeria have privately confirmed on April 2 that the extradition process of Nadeem Anjarwalla, Binance’s Africa regional director, has commenced, along with coordination with the U.S. Federal Bureau of Investigation (FBI) and governments of the UK and Kenya.
“The extradition process for Mr. Anjarwalla has been initiated. The federal government is collaborating with Interpol to extradite him, a fugitive from lawful detention, back to Nigeria. His accomplices remain in detention and will face charges on Thursday (April 4) along with Binance,” the source said.
Meanwhile, another high-level security source exclusively told the newspaper that security personnel were tasked with monitoring Anjarwalla before his escape as special investigators were closing in on him.
Recall that the Nigerian government, through the National Security Adviser’s office, had arrested Nadeem Anjarwalla and Tigran Gambaryan, senior executives of Binance, on February 28, 2024.
Their arrest was made during their visit to Nigeria after the government banned the operations of Binance and other major cryptocurrency exchanges. Their international passports were confiscated.
Related: Escalation of Tensions Between Nigeria and Binance
Nigeria Government Accuses Binance and Executives of Money Laundering $35.4 Million
Binance (2)
On February 27, Central Bank of Nigeria Governor Olayemi Cardoso announced that Binance facilitated transactions worth $26 billion from Nigeria over the past year, with the source of these funds believed to be from anonymous sources and individual investors.
As part of the investigation process, the Nigerian government wants the exchange to provide data on the top 100 traders/investors in the country, along with full transaction histories of all users for the past six months.
A few days after these demands were made, Nadeem Anjarwalla unexpectedly fled the country under unusual circumstances.
The Binance executive, holding dual citizenship from the UK and Kenya, is reported to have used his Kenyan passport to board a plane out of the West African nation. His escape has sparked criticism in Nigeria, with some security experts expressing embarrassment as he fled detention despite being under surveillance by security forces.
Following this leadership figure’s escape, Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), accused Binance Holdings Limited and Gambaryan of suspected involvement in money laundering on March 28.
Meanwhile, Binance exclusively informed the local newspaper on April 3 that Tigran Gambaryan, a Binance official who remains in custody, is not part of the company’s leadership but serves in a law enforcement role and does not have the authority to decide or disclose data on their top 100 traders in Nigeria.
Binance’s statement reads:
Binance respectfully suggests not to charge Tigran Gambaryan, who does not have decision-making authority within the company, while current discussions between Binance and Nigerian government officials are ongoing.
#Binance
#Nigeria
4.9/5
(16 votes)
Avatar of Vadim
Vadim
04/04/2024 at 5:24 am
Да уж, руки у нас длинные!
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Avatar of BigE005
BigE005
04/04/2024 at 9:36 pm
😂
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Avatar of Katusabe Samuel
Katusabe Samuel
04/04/2024 at 5:59 am
Instead of seeking for knowledge how to tax these future transaction they are arresting people with knowledge, Nigerian have knowledge on technology than their government so what they have done can not help them money will continue following into crypto and out
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Anonymous
04/04/2024 at 9:36 pm
True
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Avatar of
Anonymous
04/04/2024 at 3:57 pm
No matter how Nigerian government try, they can’t stop the poor from getting rich! Their mejor concerned is to satisfy their self while the poor keep suffering.
But God will surely see us through!!
All thanks to God for Crypto 👌
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