Federal Government Traces Fugitive Binance Executive to Kenya, Prepares for Extradition

The federal government has made a major breakthrough in the case of Nadeem Anjarwalla, the Binance executive who fled custody in March. Anjarwalla has been traced to his hideout in Kenya and preparations are underway for his extradition back to Nigeria, as reported by the PUNCH.

According to sources in the presidency, talks are currently ongoing between the Economic and Financial Crimes Commission (EFCC), International Criminal Police (ICP), the Nigeria Police Force, and the Kenyan Police Service to expedite the process of bringing Anjarwalla back to Nigeria to face the charges against him.

The EFCC chairman, Ola Olukayode, previously announced that the government was collaborating with Kenya, the US, UK, and Northern Ireland to ensure Anjarwalla stands trial for charges of tax evasion, currency speculation, and money laundering amounting to $35.4 million.

Anjarwalla and his co-accused, Tigran Gambaryan, are facing serious allegations of money laundering and other offences. Gambaryan is currently in custody, and efforts are being made to apprehend Anjarwalla with the help of international law enforcement agencies.

The government’s determination to bring Anjarwalla to justice sends a strong message about cracking down on financial crimes and ensuring accountability in the forex market. Stay tuned for further updates on this developing story.