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Nigerian Govt sends Interpol after fleeing Binance Director Minister of Information and National Orientation, Mohammed Idris on Monday said there is no hiding place for Nadeem Anjarwalla, a Director of Binance who escaped from custody and fled the country after he was detained by the Nigerian Government. The minister said the International Police (Interpol) were currently on Anjarwalla’s trail. Idris was reacting to the Binance executive’s escape from Nigeria. According to Idris, since Binance is an international firm, there is no way the culprit will evade arrest. His explanation came barely few hours after the Office of the National Security Adviser confirmed that Anjarwalla, a key suspect in the ongoing criminal investigation regarding Binance’s activities in Nigeria, managed to escape lawful custody on Friday, March 22nd, 2024. In an official statement released by the Head of Strategic Communication for the Office of the National Security Adviser, Zakari Mijinyawa, it was explained that collaborative efforts between the office, relevant security agencies, various government bodies and the international community are already underway to swiftly locate and detain the fugitive. The statement stressed that security agencies are working with Interpol for an international arrest warrant on the suspect as preliminary investigation shows that Anjarwalla fled Nigeria using a smuggled passport. The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention. Anjarwalla, who holds British and Kenyan nationalities and serves as Binance’s Africa regional manager, was being tried by Nigerian courts before he escaped while under a 14-day remand order issued by a court. He was scheduled to appear before the court again on 4 April 2024. #NigeriaVsBinance #nigeriaP2P

Nigerian Govt sends Interpol after fleeing Binance Director

Minister of Information and National Orientation, Mohammed Idris on Monday said there is no hiding place for Nadeem Anjarwalla, a Director of Binance who escaped from custody and fled the country after he was detained by the Nigerian Government.

The minister said the International Police (Interpol) were currently on Anjarwalla’s trail.

Idris was reacting to the Binance executive’s escape from Nigeria.

According to Idris, since Binance is an international firm, there is no way the culprit will evade arrest.

His explanation came barely few hours after the Office of the National Security Adviser confirmed that Anjarwalla, a key suspect in the ongoing criminal investigation regarding Binance’s activities in Nigeria, managed to escape lawful custody on Friday, March 22nd, 2024.

In an official statement released by the Head of Strategic Communication for the Office of the National Security Adviser, Zakari Mijinyawa, it was explained that collaborative efforts between the office, relevant security agencies, various government bodies and the international community are already underway to swiftly locate and detain the fugitive.

The statement stressed that security agencies are working with Interpol for an international arrest warrant on the suspect as preliminary investigation shows that Anjarwalla fled Nigeria using a smuggled passport.

The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention.

Anjarwalla, who holds British and Kenyan nationalities and serves as Binance’s Africa regional manager, was being tried by Nigerian courts before he escaped while under a 14-day remand order issued by a court.

He was scheduled to appear before the court again on 4 April 2024.

#NigeriaVsBinance #nigeriaP2P

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Nigeria plans strict rules for $57bn crypto businesses The Nigerian government is set to implement stringent regulations for the country’s booming cryptocurrency industry, which is estimated to be worth a staggering $57 billion. These new rules are expected to provide a framework that will enhance transparency and security within the crypto sector. With the increasing popularity of cryptocurrencies in Nigeria, the government’s proactive approach is seen as a necessary step to safeguard investors and ensure the stability of the market. The Nigerian government is set to implement stringent regulations for the country’s booming cryptocurrency industry, which is estimated to be worth a staggering $57 billion. The move comes as authorities aim to address concerns over potential risks associated with digital currencies. These new rules are expected to provide a framework that will enhance transparency and security within the crypto sector. With the increasing popularity of cryptocurrencies in Nigeria, the government’s proactive approach is seen as a necessary step to safeguard investors and ensure the stability of the market. Nigeria has experienced a significant increase in its volume of cryptocurrency transactions, reaching $56.7 billion between July 2022 and June 2023. This information comes from the 2023 Geography of Cryptocurrency Report, conducted by Chainalysis, an international blockchain analysis firm based in the United States of America. According to sources, it has been revealed that the government is considering announcing a temporary suspension of P2P crypto trading in order to develop a comprehensive set of regulations for better oversight of the industry. In an interview with Sunday PUNCH, the Chairman of BICCoN, Lucky Uwakwe, said that the group would be seeking to reach a middle ground with the regulator, which had so far this year introduced stiffer guidelines for digital asset operators, as well as a proposed increase in the registration fees. #CryptoWatchMay2024 #BTC #CryptoBanDebate
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Nigeria plans strict rules for $57bn crypto businesses The Nigerian government is set to implement stringent regulations for the country’s booming cryptocurrency industry, which is estimated to be worth a staggering $57 billion. These new rules are expected to provide a framework that will enhance transparency and security within the crypto sector. With the increasing popularity of cryptocurrencies in Nigeria, the government’s proactive approach is seen as a necessary step to safeguard investors and ensure the stability of the market. The Nigerian government is set to implement stringent regulations for the country’s booming cryptocurrency industry, which is estimated to be worth a staggering $57 billion. The move comes as authorities aim to address concerns over potential risks associated with digital currencies. These new rules are expected to provide a framework that will enhance transparency and security within the crypto sector. With the increasing popularity of cryptocurrencies in Nigeria, the government’s proactive approach is seen as a necessary step to safeguard investors and ensure the stability of the market. Nigeria has experienced a significant increase in its volume of cryptocurrency transactions, reaching $56.7 billion between July 2022 and June 2023. This information comes from the 2023 Geography of Cryptocurrency Report, conducted by Chainalysis, an international blockchain analysis firm based in the United States of America. According to sources, it has been revealed that the government is considering announcing a temporary suspension of P2P crypto trading in order to develop a comprehensive set of regulations for better oversight of the industry. In an interview with Sunday PUNCH, the Chairman of BICCoN, Lucky Uwakwe, said that the group would be seeking to reach a middle ground with the regulator, which had so far this year introduced stiffer guidelines for digital asset operators, as well as a proposed increase in the registration fees. #CryptoWatchMay2024 #BTC #CryptoBanDebate
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Binance Executive held in Nigeria prison together with Boko Haram terrorists and bandits. Yuki Gambaryan, the wife of the detained Binance Holdings Limited executive, Tigran Gambaryan, hass told the US Parliament that the Nigerian Government kept her husband, Tigran Gambaryan, in Kuje prison together with Boko Haram terrorists and bandits. Yuki, represented by her congressman, Rich McCormick, spoke at Tuesday’s House Foreign Affairs Committee roundtable on Americans detained abroad. According to her, the husband has spent 65 days in custody. Gambaryan and another company executive, Nadeem Anjarwalla, were detained on February 26 following an investigation into Binance’s activities in Nigeria. Gambaryan’s wife stated that although she couldn’t speak on behalf of the company, she stressed that the charges against her husband were completely unfounded. She said,” My husband and the father of our two young children, Tigrin, has been in Nigerian custody for 65 days, the longest two months of our lives. On February 25, he landed in Abuja at the Nigerian Government’s request for a financial compliance policy. This is what Tigran does. He helps countries navigate the notoriously prickly finance, crime, and compliance world. “He spends his days investigating and pursuing criminal activity on Binance, his employer’s cryptocurrency platform. However, 24 hours after his arrival, he was arrested and detained without charge or explanation. “Today, my husband sits in the notorious Kuje prison, a place that has held Militants from Boko Haram,” she said. Gambaryan’s wife accused the Nigerian Government of using her husband as a bargaining chip, a situation she described as devastating. She said, “Ironically, Tigran spent more than a decade as a special agent for the United States General Revolution Revenue Service, investigating issues of national security, terrorist financing, identity theft, distribution of tile pornography, tax evasion and more”. #nigeria #binance
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