Report: Detained Crypto Boss Disappears From Custody in Nigeria, Details Surface

Report: Detained Crypto Boss Disappears From Custody in Nigeria, Details Surface

  • A Binance executive, Nadeem Anjarwalla, who was arrested in Nigeria has escaped the custody of the country’s security agents
  • A report published on Monday morning, March 25, noted how Anjarwalla fled from the Abuja guest home where he and one other colleague were detained
  • Legit.ng gathered that Nigerian authorities are working to get the escapee back into custody

Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering public journalism.

FCT, Abuja - Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, has escaped custody.

Premium Times reported on Monday morning, March 25, that Anjarwalla escaped on Friday, 22 March, from the Abuja guest house where he and his colleague were detained.

Read also

FG confirms Binance executive's escape from custody, discloses how absconder left Nigeria

Detained Binance executive Nadeem Anjarwalla escapes from custody in Abuja
Binance executive reportedly escapes detainment. Photo credits: @dipoaina1, @nelsabbey
Source: Twitter

The 38-year-old was said to have fled on Friday, March 22, after guards on duty led him to a nearby mosque for prayers in the spirit of the ongoing Ramadan 2024.

The Kenyan cryptocurrency boss is believed to have flown out of Abuja using a middle-east airliner.

Anjarwalla's ordeal

Anjarwalla was arrested in February and detained over allegations of manipulation in foreign exchange trading relating to the Naira and other offences.

The Nigerian government said over $21.6 billion was traded by Nigerians whose identities were concealed by Binance.

At one point, Anjarwalla was transferred to a local hospital after he fell ill. His exact symptoms were unclear but possibly indicated malaria, according to his wife, Elahe Anjarwalla.

Anjarwalla's colleague, Tigran Gambaryan, remained in custody and neither man has not been officially charged with any crime.

Read also

“You can’t believe”: Shehu Sani reacts as detained crypto boss disappears from custody in Nigeria

Gambaryan has been visited by a US State Department official, but Nigerian government guards have also remained present in the meeting, preventing him from speaking privately.

Read more on Binance

'Nigeria needs to clamp down on Binance': Presidency

Earlier, Legit.ng reported that Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, said if Nigeria fails to clamp down on Binance, the world's leading blockchain ecosystem will destroy the economy of the country.

The presidential aide accused Binance of ‘just fixing the rate’ and contributing to the current unpalatable economic situation in Nigeria.

Source: Legit.ng

Ridwan Adeola avatar

Ridwan Adeola (Current Affairs Editor) Ridwan Adeola Yusuf is a Current Affairs Editor at Legit.ng and a certified journalist with over 9 years of experience. He edited Politics Nigeria's articles, was the Acting Editor of AllNews Nigeria and Fact-Checking Researcher (Africa Check). He received his HND in Mass Communication from The Polytechnic Ibadan. He received a Certificate of Achievement (Journalism Clinic’s Fix The Leak masterclass, 2021) and also completed Google News Initiative's Advance digital reporting curriculum. Contact him at ridwan.adeola@corp.legit.ng.

Online view pixel