According to a recent report by Punch, a Binance executive named Nadeem Arjarwalla, who had escaped from custody in Nigeria, is now believed to be in Kenya. The Nigerian authorities are reportedly working on extraditing him from Kenya.
Based on the findings in the report, it was revealed that Arjarwalla hid after arriving in Kenya. However, his concealed identity has now been exposed, potentially leading to new developments in this ongoing story as Kenya considers extraditing the Binance executive.
Arjarwalla, along with another Binance executive, were kept from leaving following a discussion between Binance and Nigerian authorities regarding regulatory issues in Nigeria.
“We’ve located the individual. I can confirm that he is currently in Kenya. Collaborating with local law enforcement, we are making arrangements to repatriate him to Nigeria.”
Possible Extradition for Arjarwalla
International security organizations, including Interpol and the Kenyan Police, are working together with Nigerian authorities to apprehend Arjarwalla and bring him to Nigeria to answer accusations made against him.
“Everyone is involved in this effort. The government and all relevant security agencies are collaborating closely with Nigerian authorities and INTERPOL, to bring him back to Nigeria to answer the accusations against him.”
The report, along with other reliable sources, stated that the Nigerian government was making efforts to send Arjarwalla back to his home country.
Binance Executive Pleads Not Guilty
The Nigerian authorities have charged Binance with enabling transactions on its P2P service that contributed to the naira’s depreciation. In February, the company’s top executives, Arjarwalla and Gambaryan, were taken into custody amidst controversy from the cryptocurrency community.
The Economic and Financial Crime Commission (EFCC) of the county assumed responsibility for investigating the case previously handled by the National Security Adviser (NSA). Subsequently, the EFCC accused the exchange and its top officials of five allegations related to money laundering.
Arjarwalla is currently abroad, but Gambaryan denied the accusations against him during a court hearing. His wife and other backers have appealed for his freedom after his lengthy imprisonment. In related news, Binance has suspended its naira peer-to-peer trading feature following an investigation by the authorities.
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2024-04-13 20:13