30.1 C
Saturday, May 18, 2024

FG pursues fleeing Binance executive to Kenya

Federal Authorities Collaborate with International Agencies to Extradite Anjarwalla on Money Laundering Charges

Must read

The Nigerian government has intensified efforts to track down Nadeem Anjarwalla, a fugitive executive of Binance, pinpointing his location in Kenya after his escape from custody in Nigeria.

In response to this development, collaborative discussions have deepened between the Economic and Financial Crimes Commission (EFCC), the International Criminal Police Organization (INTERPOL), the Nigerian Police Force, and the Kenyan Police Service to expedite Anjarwalla’s extradition.

Sources within the Presidency, privy to the ongoing investigation, disclosed to Saturday PUNCH that Anjarwalla, whose whereabouts were previously unknown, has sought refuge in Kenya, where he immediately went into hiding upon arrival.

“We have located him. He is in Kenya, and we’re coordinating with the authorities to repatriate him to Nigeria,” one source revealed.

Another source, corroborating the information, emphasized the concerted efforts of the government and security agencies, working in tandem with Kenyan authorities and INTERPOL, to facilitate Anjarwalla’s return to Nigeria to face charges against him.

The EFCC Chairman, Ola Olukoyede, reiterated the agency’s commitment to collaborate with international partners, including INTERPOL, the United States Federal Bureau of Investigation (FBI), and the governments of the United Kingdom, Northern Ireland, and Kenya, to secure Anjarwalla’s extradition.

In the face of mounting legal actions, including charges of tax evasion, currency speculation, and money laundering totaling $35.4 million, filed against Binance Holdings Limited executives, including Anjarwalla, the Nigerian government has pursued extradition proceedings to bring the accused back to Nigeria for trial.

Meanwhile, Anjarwalla’s escape from lawful custody has triggered extensive investigations, with military, intelligence, and law enforcement agencies collaborating to unravel the circumstances surrounding his flight.

As part of the legal proceedings, Binance Holdings Limited, Anjarwalla, and his colleague Tigran Gambaryan have been charged in absentia before the Federal High Court in Nigeria on various counts related to financial crimes and regulatory violations.

The Nigerian government’s crackdown on individuals and entities suspected of involvement in illicit financial activities, particularly within the cryptocurrency sector, underscores its commitment to combat money laundering, terrorist financing, and currency manipulation.

The detention and legal actions against Binance officials follow similar measures taken by international authorities, including the United States Department of Justice’s settlement with Binance and its founder, Changpeng Zhao, for criminal money laundering charges.

As the legal saga unfolds, the collaboration between Nigerian and international law enforcement agencies signals a unified front against financial crimes and underscores the importance of global cooperation in combating illicit activities in the digital finance sphere.

More articles


Please enter your comment!
Please enter your name here

Latest article