Binance CEO Nadeem Anjawala has successfully avoided detention in Nigeria using a fake passport, local sources said.
The Nigerian government filed a criminal complaint against #Binance for alleged tax evasion, and the trial began at the Federal High Court in Abuja.
Anjawala was detained in Abuja along with Tigran Gambarian and held in a guest house for a long time.
The escape came after Anjawala was allowed to go out for prayers and boarded a plane from Abuja on a Kenyan passport.
Questions have arisen as to how he was able to get a Kenyan passport and board an international flight without his basic travel documents.
The detention of Anjawala, a top Binance executive and Africa regional manager, and Gambarian, who heads the criminal investigation team, began on Feb. 26 by order of a magistrate's court.
The trial was prompted by a criminal complaint that authorized the Economic and Financial Crimes Commission (EFCC) to detain the two men for 14 days, which was later extended after Binance failed to comply with a court order to provide data on Nigerian traders.
A Binance spokesperson said, "We now know that Nadeem is no longer detained in Nigeria.
We remain concerned for the safety of our employees and are working with the Nigerian authorities to resolve this matter as soon as possible.
The statement emphasized the concern of the Nigerian authorities and their continued cooperation in the situation.
The incident has shed light on the Nigerian government's tough stance on financial crimes, especially in relation to terrorist financing and money laundering.
The Binance platform was allegedly involved in the laundering of approximately $21 billion, and tough action has been taken against the exchange and its officials.
This case highlights not only the complexity of regulating #cryptocurrency exchanges, but also the difficulty of ensuring the integrity of financial transactions on a global scale.
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