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FG tracks down fleeing Binance executive to Kenya

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Mr Nadeem Anjarwalla, the Binance executive who escaped from lawful custody in Nigeria, has been found in Kenya by the Federal Government of Nigeria.

Anjarwalla escaped from custody in Abuja on March 22 and has been at large since then.

The manhunt for Anjarwalla involves several key law enforcement agencies, including the Economic and Financial Crimes Commission (EFCC), the International Criminal Police Organization (Interpol), and the Nigeria Police Force.

A source in the presidency, who doesn’t want to be quoted, confirmed the development as the Economic and Financial Crimes Commission, the International Criminal Police, the Nigeria Police Force, and the Kenyan Police Service have deepened talks to quicken Anjarwalla’s extradition.

“We know where he is. He is in Kenya, and we’re working with the authorities to bring him back to Nigeria”, the source said.

Recall that Bayo Onanuga, special adviser to the president on information and strategy, had said Binance will destroy Nigeria’s economy if the federal government does not clamp down on the company.

Speaking during in an interview on Channels Television, Onanuga accused the firm of fixing foreign exchange (FX) rates arbitrarily.

Onanuga said some people stay in cyberspace to dictate the forex rate and “hijack” the role of the CBN.

The presidential aide added that the federal government is trying to prevent economic saboteurs from ruining the country.

“We have saboteurs. Look at what Binance is doing to our economy. That is why the government moved against Binance,” Onanuga said.

“Some people sit down using cyberspace to dictate our exchange rate, hijacking the role of the CBN.

“They just sit down and fix anything they like. It’s sabotage, and we are trying to prevent that from happening henceforth.

“We were told that if we don’t clamp down on Binance, Binance will destroy the economy of this country. They just fix the rate. That is economic sabotage.”

Meanwhile, the chairman of the anti-graft agency, Mr Ola Olukuyede, last month, in a statement, announced that the commission is collaborating with INTERPOL, the US, UK, Northern Ireland and Kenyan authorities to extradite Anjarwalla, who has been on the run.

This is coming after the government confirmed that EFCC had fully taken over the case of Binance from the Office of the National Security Adviser, ONSA.

The commission had instituted five-count charges bordering on tax evasion, currency speculation and money laundering against Binance Holdings Limited, Tigran Gambaryan and Anjarwalla, the firm’s executives.

For months, the Nigerian government sustained its crackdown on Binance over its role in manipulating the country’s Foreign exchange market.

During the 293rd meeting of the Monetary Policy Committee, MPC, in February, the Central Bank of Nigeria Governor, Olayemi Cardoso, had said that more than $26 billion had been funnelled through Binance without a trace.

 

 

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