Binance Executive Arrested in Kenya After Fleeing Nigeria: International Efforts for Extradition Underway
Mr Nadeem Anjarwalla, Binance official
Kenyan police have arrested Nadeem Anjarwalla, a high-ranking member of the cryptocurrency platform Binance, after he fled Nigeria recently. Anjarwalla escaped Nigerian custody amidst a crackdown by the federal government on cryptocurrency platforms aimed at stabilizing the country’s currency.
Following his escape, reports indicated that Anjarwalla sought refuge in Kenya, where he was eventually apprehended by local law enforcement. Both Nigerian and Kenyan authorities have been coordinating efforts to secure his extradition.
The Economic and Financial Crimes Commission (EFCC) confirmed plans to extradite Anjarwalla, citing allegations of tax evasion, currency speculation, and money laundering amounting to millions of dollars. The EFCC, along with international law enforcement agencies like Interpol and the FBI, are working to bring Anjarwalla to justice.
This arrest underscores the efforts of authorities to combat financial crimes and maintain stability in the forex market. Anjarwalla’s case, along with others involved in Binance Holdings Limited, serves as a warning against illegal activities in the cryptocurrency space.
