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Nigerian Government’s Collaboration with Interpol
The Nigerian government and Interpol have initiated a joint effort to extradite Binance Chief Nadeem Anjarwalla, who escaped from detention on March 22, 2024. This move comes as part of the government’s crackdown on Binance Holdings Limited for its alleged involvement in money laundering activities in Nigeria.
Extradition Process Underway
Top Nigerian government sources confirmed on April 2 that the extradition process for Nadeem Anjarwalla has commenced. The government is working in collaboration with Interpol, the FBI, and the British and Kenyan governments to bring Anjarwalla back to Nigeria for legal proceedings.
Security Measures and Investigations
Security personnel who were responsible for monitoring Anjarwalla before his escape are currently under investigation. The Nigerian government had previously arrested Anjarwalla and another Binance executive, Tigran Gambaryan, following the ban on Binance and other cryptocurrency exchanges in Nigeria.
Nigerian Government’s Allegations Against Binance
The Central Bank of Nigeria accused Binance of facilitating $26 billion in trades from Nigeria in the past year, involving funds from unidentified sources and traders. As part of the investigation, the government has demanded data on the top 100 traders/investors and transaction histories from Binance.
Escape and Charges
Anjarwalla’s escape from custody raised concerns in Nigeria, leading to the Economic and Financial Crimes Commission charging Binance Holdings Limited and Gambaryan with money laundering activities. Binance clarified that Gambaryan is not part of the management team and lacks decision-making authority.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
