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Reps to probe Binance executive’s escape


Reps to probe Binance executive's escape

The House of Representatives has decided to investigate the circumstances surrounding the escape of Nadeem Anjarwalla, the Head of Binance Africa, from custody.

Anjarwalla, 38, escaped from an Abuja guest house on March 22, where he and his colleague were being detained by Nigerian authorities.

The decision to launch the probe was made during plenary on Wednesday, following a motion of urgent public importance moved by Dennis Okafor.

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This investigation comes shortly after Binance CEO, Richard Teng, accused some lawmakers of demanding bribes from his employees during a meeting in January.

The House has directed its relevant committees to conduct the probe into Anjarwalla’s escape. Anjarwalla, who is the Africa regional manager for Binance, managed to flee Nigeria using a smuggled Kenyan passport, despite his British passport being in the custody of Nigerian authorities.

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The Federal government has confirmed Anjarwalla’s escape and is collaborating with Interpol to issue an international arrest warrant for him.

Anjarwalla and his colleague, Tigran Gambaryan, were initially detained on February 26, 2024, upon their arrival in Nigeria, as part of an investigation into Binance’s activities related to alleged tax evasion and money laundering.

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Additionally, the Federal government has filed new tax evasion charges against Binance, Anjarwalla, and Gambaryan at the Federal High Court in Abuja.