Nigeria Provides TRACKING UPDATE On Fleeing Binance Executive

April 14, 2024 4:22 pm Comments

Nigeria has provided an update on the potential whereabouts of escaped Binance executive Nadeem Arjarwalla.

Sources say that Nigerian officials claim to have tracked the executive to Kenya.

Plans are being made to secure an extradition request for the executive, but law enforcement officials are still not aware of his exact whereabouts.

Nigeria has blamed Binance for destroying the value of its native currency, though this claim is far from true.

Through this entire ordeal, Binance has attempted to secure the release of its two executives by negotiating with Nigerian officials. Here are the latest updates:

Coin Telegraph reports:

According to a report from local media outlet Punch, sources from within the office of the Nigerian presidency disclosed that Arjarwalla went into hiding once he arrived in Kenya.

The Nigerian government is collaborating with Interpol and Kenyan police to bring Arjarwalla back to Nigeria to face charges leveled against him.

Sources provided updates on the other detained Binance executive, Tigran Gambaryan, who is also facing charges in Nigeria.

CoinDesk added:

Binance is “working as collaboratively as we can” with the Nigerian government to secure the release of its jailed financial crimes investigations chief, Tigran Gambaryan, the exchange’s chief compliance officer Noah Perlman said Wednesday.

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