Kenyan police have reportedly arrested Nadeem Anjarwalla, an executive of the cryptocurrency platform Binance, who had fled Nigeria weeks ago.
Nadeem Anjarwalla fled from custody in Nigeria amid the Federal Government’s crackdown on the cryptocurrency platform as part of efforts to bolster the naira.
While the Nigerian authorities later traced Anjarwalla to the East African nation, multiple reports say the Binance executive is now in the custody of the Kenyan police.
According to the reports, government sources in Kenya confirmed that the Binance chief is now in the custody of the country’s police.
Efforts are underway between the EFCC, Interpol, the NPF, and the Kenyan Police Service to extradite Anjarwalla following his escape from Nigeria.
In March, the EFCC confirmed plans to extradite the Binance chief in the agency’s bulletin for the month.
“The takeover of the prosecution of Binance chiefs by the commission is no less a strong message in the direction of EFCC’s resolve to hedge in distortions and disruptions in the country’s forex market,” the anti-graft agency’s chief Ola Olukoyede said.
“Tax evasion, currency speculation, and money laundering to the tune of $35,400,000 and are at the foundation of the Commission’s five counts against Binance Holdings Limited, Tigran Gambaryan and Nadeem Anjarwalla, the company’s chief executives.
