Binance Executive Nadeem Arjarwalla Traced to Kenya, Faces Possible Extradition

The dramatic escape of Binance executive Nadeem Arjarwalla has taken a new turn as reports indicate he has been traced to Kenya by the Nigerian government. Arjarwalla, who went into hiding upon his arrival in Kenya, is now facing possible extradition back to Nigeria to face charges related to Binance’s regulatory issues in the country.

Sources within the Presidency revealed that efforts are underway to bring Arjarwalla back to Nigeria with the assistance of international security agencies like Interpol and the Kenyan Police. The government is determined to ensure that he faces the charges brought against him.

Arjarwalla was detained alongside another Binance executive, Tigran Gambaryan, after a meeting with the Nigerian government regarding the exchange’s alleged role in the fall of the local currency. Gambaryan has pleaded not guilty to the charges, with his wife and supporters calling for his release after weeks in detention.

The Economic and Financial Crime Commission (EFCC) has taken over the investigation from the National Security Adviser (NSA) and has accused Binance of money laundering through its P2P platform. In response, Binance has deactivated its naira P2P service following the government’s probe.

The unfolding saga involving the Binance executives has captured the attention of the cryptocurrency industry and the public alike, as the Nigerian government works to bring Arjarwalla back to face justice. Stay tuned for further updates on this developing story.