The Kenyan police service has apprehended Nadeem Anjarwalla, a fugitive executive of the cryptocurrency exchange, Binance. Following a joint effort with the International Criminal Police Organisation (INTERPOL), the Kenyan authorities are preparing to extradite Anjarwalla to Nigeria later this week. According to anonymous government sources, Anjarwalla had escaped from lawful custody in Nigeria and fled to Kenya, where he had gone into hiding. However, with the help of the Economic and Financial Crimes Commission (EFCC), INTERPOL, the Nigeria Police Force, and the Kenyan Police Service, Anjarwalla was tracked down and detained.
Anjarwalla is not the only executive of Binance facing charges of tax evasion, currency speculation, and money laundering. Another Binance executive, Tigran Gambaryan, is currently in custody. The EFCC, along with the US Federal Bureau of Investigation, the governments of the UK, Northern Ireland, and Kenya, and INTERPOL are working to bring both executives to justice. In the March edition of the EFCC bulletin, the chairman of the commission, Ola Olukoyede, confirmed the collaboration among the agencies to extradite Anjarwalla.
The EFCC is determined to prosecute Binance executives for crimes amounting to $35,400,000. The extradition process is currently underway, and the authorities are working towards ensuring that Anjarwalla will face charges alongside Binance Holdings Limited and Gambaryan. This development is a significant step in the fight against financial crimes and sends a strong message that no one is above the law.