Nigerian Government Traces Binance Executive Nadeem Anjarwalla to Kenya, Pursues Extradition in Money Laundering Case

The Nigerian government, led by the Tinubu administration, has made a major breakthrough in the case of Nadeem Anjarwalla, a key executive at Binance accused of involvement in a $35.4 million money laundering scheme. Anjarwalla, who had fled Nigeria to Kenya to evade authorities, has been located, sparking intensified efforts towards his extradition.

The collaborative efforts between Nigerian authorities and the Kenyan Police Service signal a significant step forward in the pursuit of justice in this high-profile case. With the involvement of multiple law enforcement agencies, including the EFCC, Interpol, and the Nigeria Police Force, the seriousness of the charges against Anjarwalla is evident.

Sources within the Presidency revealed that recent breakthroughs in the investigation led to Anjarwalla’s identification and location in Kenya, ending his evasion of Nigerian authorities. The Nigerian government is now working closely with international partners to secure his extradition and ensure he faces the charges against him.

The EFCC Chairman, Ola Olukoyede, emphasized the importance of prosecuting Binance executives like Anjarwalla to combat distortions in the country’s forex market. Anjarwalla faces charges related to conducting financial activities without proper licenses, engaging in unlawful foreign exchange transactions, and concealing the origin of proceeds from illegal activities.

As the extradition process unfolds, Nigerian authorities are determined to bring Anjarwalla back to Nigeria to stand trial. The collaboration between domestic and international law enforcement agencies highlights the government’s commitment to fighting financial crimes and upholding the rule of law. Stay tuned for further updates on this developing story.