Binance Executive Escapes Detention Amid Nigerian Legal Troubles
A Binance executive detained by Nigerian authorities reportedly escaped custody using a fake passport, according to local sources familiar with the situation.
This development coincides with reports of the Nigerian government initiating criminal proceedings against the exchange for alleged tax evasion, with charges filed at the Federal High Court in Abuja.
Nadeem Anjarwalla, Binance’s regional manager in Africa, and his colleague Tigran Gambaryan were held in a guest house in Abuja for several weeks before Anjarwalla’s reported escape on March 22. He allegedly fled the country using a Kenyan passport, leaving behind his British passport held by Nigerian authorities.
Anjarwalla and Gambaryan were detained upon their arrival in Nigeria on February 26, following a criminal complaint against them.
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Despite a magistrate court granting the Economic and Financial Crimes Commission (EFCC) permission to hold them for investigation, Binance’s refusal to provide access to trader data led to an extension of their detention.
The Nigerian government has intensified efforts against individuals and entities linked to terrorist financing and money laundering associated with Binance, citing nearly $21 billion laundered through the exchange. Binance spokesperson emphasized the company’s collaboration with Nigerian authorities to address the issue and ensure employee safety.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
