Nigerian Government Seeks Extradition of Binance Executive Nadeem Anjarwalla from Kenya for Financial Crimes
The Nigerian government is hot on the trail of Nadeem Anjarwalla, a top executive at Binance, who managed to escape custody in Nigeria. Anjarwalla is facing charges of tax evasion, currency speculation, and money laundering totaling $35.4 million. Efforts are now underway to extradite him back to Nigeria to face justice.
Anjarwalla is not alone in facing these charges. Binance Holdings Limited and another executive, Tigran Gambaryan, are also implicated in the case. Gambaryan has already pleaded not guilty to money laundering charges in Nigeria. The government has filed multiple charges against Binance Holdings Limited, Anjarwalla, and Gambaryan for operating without the necessary licenses, conducting unauthorized financial activities, and failing to register with the Federal Inland Revenue Service.
The EFCC, Nigeria’s financial crime investigation agency, is working with INTERPOL, the FBI, and other international partners to track down Anjarwalla. Court documents reveal that charges were brought against Anjarwalla, Gambaryan, and Binance Holdings Limited in March 2024 for a range of financial crimes. Anjarwalla is currently on the run, but authorities are determined to bring him back to Nigeria to face the allegations against him.
Efforts to extradite Anjarwalla are in full swing, with discussions ongoing between Nigerian and Kenyan authorities. Anjarwalla’s location in Kenya has been confirmed, and joint efforts are being made to expedite his return to Nigeria. The charges against Binance Holdings Limited, Gambaryan, and Anjarwalla include operating financial activities without the necessary licenses, engaging in currency speculation, and money laundering. The Nigerian government has also accused the company and its executives of tax evasion and operating without proper registration.
Anjarwalla’s evasion of capture in Nigeria has not deterred authorities, as they continue to pursue him in Kenya. With Gambaryan already facing charges and Anjarwalla on the run, the Nigerian government is determined to bring both men to justice. The collaboration between Nigerian security agencies, INTERPOL, and Kenyan authorities highlights the seriousness of the case and the commitment to holding those responsible for financial crimes accountable.
