The Nigerian government has located Nadeem Anjarwalla, a high-ranking executive of Binance, in Kenya after he managed to escape custody in Nigeria. Efforts are underway to extradite him back to Nigeria to face charges of tax evasion, currency speculation, and money laundering totaling $35.4 million. Anjarwalla is being sought along with Binance Holdings Limited and another executive, Tigran Gambaryan, who has already pleaded not guilty to money laundering charges in Nigeria. The government has filed multiple charges against Binance Holdings Limited, Anjarwalla, and Gambaryan for operating without the necessary licenses, conducting unauthorized financial activities, and failing to register with the Federal Inland Revenue Service.
The EFCC, Nigeria’s financial crime investigation agency, is working in collaboration with INTERPOL, the FBI, the governments of the UK, Northern Ireland, and Kenya to ensure Anjarwalla’s extradition. Court documents show that charges were brought against Anjarwalla, Gambaryan, and Binance Holdings Limited in March 2024 for a range of financial crimes. Anjarwalla is currently at large, and authorities are determined to bring him back to Nigeria to face the accusations against him. Gambaryan, who is currently detained in Nigeria, has pleaded not guilty to charges of money laundering and is scheduled for a bail hearing on April 18.
Efforts are underway to bring Anjarwalla back to Nigeria, with discussions taking place between the EFCC, INTERPOL, the Nigeria Police Force, and Kenyan authorities. Anjarwalla’s location in Kenya has been confirmed, and joint efforts are being made to expedite his extradition. The charges against Binance Holdings Limited, Gambaryan, and Anjarwalla include operating financial activities without the necessary licenses, engaging in currency speculation, and money laundering. The Nigerian government has also accused the company and its executives of failing to pay taxes and offering services without registering with the relevant authorities.
In Nigeria, Anjarwalla’s whereabouts have been traced to Kenya, where he is currently located. Anjarwalla managed to evade capture in Nigeria, but his presence in Kenya has been confirmed by authorities. Efforts to bring him back to Nigeria to face the charges against him include collaboration between Nigerian security agencies, INTERPOL, and Kenyan authorities. The charges against Anjarwalla, Gambaryan, and Binance Holdings Limited have led to legal proceedings in Nigeria, with Gambaryan already facing charges of money laundering and pleading not guilty. Anjarwalla, who is currently at large, is also facing charges of tax evasion, money laundering, and conducting financial activities without proper authorization.
