Plunge

Based

Based on a report from <a href="https://punchng.com/fg-traces-fleeing-binance-executive-to-kenya/?amp" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Punch</a>, the Nigerian government has tracked down Binance executive Nadeem Arjarwalla, who fled the country after being detained on charges of money laundering. Arjarwalla is now the focus of a joint effort by Nigerian authorities, Interpol, and the Kenyan police to extradite him to Nigeria to face trial.
According to reports, Arjarwalla <a href="https://www.cryptotimes.io/2024/03/26/binance-regional-manager-escapes-custody-in-nigeria/" data-wpel-link="internal" rel="noopener noreferrer nofollow">escaped</a> custody in Nigeria on March 22 and managed to board a flight out of the capital, Abuja. However, his trail has now been picked up in Kenya, where he went into hiding. Nigerian officials have disclosed that they are collaborating with international agencies to bring the fugitive executive back to the country.
The charges against Arjarwalla stem from allegations that Binance, the cryptocurrency exchange he represents, manipulated Nigeria’s fiat currency, the naira. He was detained alongside another Binance executive, but only Arjarwalla managed to flee the country.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/04/14/novogratz-bullish-on-bitcoins-recovery-after-major-plunge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Novogratz Bullish on Bitcoin’s Recovery After Major Plunge</a>
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Binance Executive Tracked to Kenya, Facing Extradition to Nigeria

The Crypto Times

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