Nigeria Provides TRACKING UPDATE On Fleeing Binance Executive

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:

Binance Executive Nadeem Anjarwalla, detained in Nigeria on suspicion of embezzling Ksh4.6 billion, has been traced to Kenya pic.twitter.com/Qik8SXxuLM

— Kenyans.co.ke (@Kenyans) April 13, 2024

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.

The Binance executive, Tigran Gambaryan, is being held in a jail in Nigeria.

He's an American citizen and decorated IRS agent who worked for the US gov on multi-billion dollar cases including the Mt. Gox hack & Silk Road

Still haven't heard a statement from the presidency 🤷‍♂️

— Coin Bureau (@coinbureau) April 9, 2024

BREAKING: "To International Business, be careful of doing anything in Nigeria, you could be Kidnapped or suddenly be held hostage by the Nigerian Government and treated like criminals for no reason"

— Yuki Gambaryan, Wife of Tigran Gambaryan, the Executive Officer of Binance pic.twitter.com/6emGPT4dj6

— Jimsamson Ikechukwu (@Jimsamson22) April 9, 2024

Binance exec Tigran Gambaryan has reportedly pleaded not guilty to money laundering charges in Nigeria, and was remanded pending trial.

By @camomileshumba @iamsandalihttps://t.co/DwNdW1G8Gu

— CoinDesk (@CoinDesk) April 8, 2024

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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