By Joke Kujenya, JKNM
IN A dramatic turn of events, Nardeem Anjarwalla, fleeing director of Binance, has sparked an international manhunt as Nigeria governments asks the Interpol to set on his trail.
This is believed to be escalating tensions between the Nigerian government and the cryptocurrency giant.
Anjarwalla’s escape, confirmed by the Office of the National Security Adviser, has prompted swift action from authorities, with collaborative efforts between national security agencies and Interpol underway to locate and detain the fugitive.
Anjarwalla, a key figure in an ongoing criminal investigation into Binance’s operations in Nigeria, managed to flee lawful custody on March 22nd, casting doubts on the efficacy of the nation’s security apparatus.
Anjarwalla reportedly utilized a smuggled passport to abscond, further complicating efforts to bring him to justice.
The escape of Anjarwalla, who holds British and Kenyan citizenship, is said to have exposed vulnerabilities in Nigeria’s detention protocols and raised questions about the adequacy of oversight on high-profile detainees.
A former Assistant Director of the Department of State Security Services (DSS), Dennis Amachree, criticized the handing of the case, suggesting that the Office of the National Security Adviser lacked the facilities to detain individuals and should have transferred the custody to agencies like the Economic and Financial Crimes Commission (EFCC).
The incident comes amidst a broader crackdown on cryptocurrency platforms in Nigeria, with authorities accusing Binance of facilitating illicit financial activities, including money laundering and terrorism financing.
The Nigerian government, grappling with economic challenges exacerbated by the depreciating of the national currency, has intensified efforts to regulate the cryptocurrency market, alleging that platforms like Binance have contributed to currency speculation and capital flight.
It is also noted that the escape of Anjarwalla has further strained relations between Nigeria and Binance, with the government vowing to pursue all legal avenues to ensure accountability.
Chairman of the Federal Inland Revenue Service (FIRS), Zack Adedeji, affirmed the government’s commitment to enforcing regulations, stating that litigations against Binance would proceed despite the fugitive’s flight.
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