Kenyan authorities have revealed talks with the Nigerian government for the extradition of escapee Binance executive, Nadeem Anjarwalla. A new TechCabal report says the Nigerian government has officially asked its Kenyan counterpart to extradite Anjarwalla after he escaped detention in the country.
According to the report, an unnamed detective at the Directorate of Criminal Investigations (DCI) acknowledged the requests for extradition but added that the country was yet to act. He noted that the extradition issue will take a process involving both sides.
“You cannot just walk in and arrest him based on the request. It’s a process. Also, the Anjarwallas are influential and have the backing of some powerful people,” the detective explained.
Possible Red Notice For the Binance Executive?
Per the report, the detective asked not to be named because of the sensitivity of the case. The issue borders on crimes he allegedly committed in another country and instances involving a red notice or foreign arrest warrant might differ.
“Police agencies share information among themselves and through the Interpol. The collaboration can only go up to a certain level as allowed by the law. Effecting an Interpol red notice or foreign arrest warrant is entirely different.”
Possible Procedure for The Anjarwalla’s Extradition
The procedure and legal issues involved in extradition are often debated not to breach local and foreign laws. For an extradition of the Binance executive, a Nigerian court must issue an arrest warrant which will be forwarded to Kenya’s attorney general.
After arrest, the court’s consent is also required and could take months. The report also added, citing the detective, that Anjarwalla is the son of Atiq Arjarwalla, a partner in one of the largest firms in East Africa.
The Nigerian government arrests two Binance executives following allegations that the exchange facilitated naira exchanges on its platform. Nigeria charged Binance and two executives on money laundering charges with Gambaryan pleading not guilty.
Meanwhile, the cryptocurrency community continues to stand with Gambaryan asking for his immediate release from custody.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Fleeing Binance executive Nadeem Arjarwalla is reportedly traced to Kenya following his escape from custody. A new report from local media outlet Punch says the Nigerian Government has traced the Binance executive with steps taken towards extradition.
According to the report, sources within the Presidency disclosed that Arjarwalla went into hiding once he arrived in Kenya but his cover has been blown. This could open another chapter in the whole saga as the country looks to extradite the Binance executive.
Arjarwalla was detained alongside another Binance executive after a meeting held with the Nigerian government over Binance’s regulatory woes in the country.
“We have found him. We know where he is. He is in Kenya, and we’re working with the authorities to bring him back to Nigeria.”
Possible Extradition for Arjarwalla
The Nigerian government is now collaborating with international security agencies like Interpol and the Kenyan Police to bring Arjarwalla to the country to face charges leveled against him.
“All hands are on the deck. The government and all the security agencies are working hard in conjunction with the Kenyan authorities and INTERPOL, to ensure his return to Nigeria to face the charges brought against him,” the source added.
According to the report, other sources also claimed the Nigerian government was working to extradite Arjarwalla.
Binance Executive Pleads Not Guilty
The Nigerian government accused Binance of facilitating trades through its P2P platform leading to the fall of the local currency. Binance executives Arjarwalla and Tigran Gambaryan were arrested in February despite a backlash from the cryptocurrency industry.
The county’s Economic and Financial Crime Commission (EFCC) took over the investigation from the National Security Adviser (NSA). The anti-graft agency slammed the exchange and its two executives with five counts bordering on money laundering.
While Arjarwalla remains out of the country, Gambaryan pleaded not guilty to charges with his wife and other supporters calling for his release after several weeks in detention. Meanwhile, Binance has deactivated its naira P2P service following a probe by the government.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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