Summary
TLDR: Binance executive Nadeem Anjarwalla, who fled Nigerian custody in March, has reportedly been arrested in Kenya and faces extradition to Nigeria. He and his colleague were detained in Nigeria in February as part of an investigation into crypto exchanges. Anjarwalla escaped custody in March and Nigeria has filed charges against him and his colleague for tax evasion and money laundering. Anjarwalla’s colleague remains in Nigeria and has sued the government for unlawful detention. Binance says discussions with Nigerian authorities are ongoing.
Key Points
1. A Binance executive, Nadeem Anjarwalla, who fled Nigerian custody has reportedly been arrested in Kenya and faces extradition to Nigeria this week.
2. Anjarwalla and his colleague, Binance’s Head of Financial Crime Compliance Tigran Gambaryan, were detained in Nigeria in February after traveling to the country to meet with government officials as part of an investigation into crypto exchanges.
3. Nigeria demanded that Binance hand over information on its top users in the country, as well as their recent transaction history, as part of the investigation.