Nadeem Anjarwalla, one of the top executives of Binance detained in Nigeria over allegations of manipulation in foreign exchange trading relating to the Naira and other offences, has reportedly escaped from custody.
The federal government had earlier detained the two executives after they flew to Nigeria in response to the country’s recent crackdown on various cryptocurrency trading platforms and seized their passports.
In June 2023, the Securities and Exchange Commission (SEC) declared that the operation of Binance Nigeria Limited, a subsidiary of Binance, was illegal.
The court also granted the Economic and Financial Crimes Commission (EFCC) an order to remand them for 14 days initially, which was later extended by another 14 days due to Binance’s refusal to comply with court orders, thereby adjourning the case until April 4, 2024.
According to a report by Premium Times, Anjarwalla, aged 38, escaped from the Abuja guest house where he and his colleague were being held on Friday, as guards on duty escorted him to a nearby mosque for prayers during the ongoing Ramadan fast.
Anjarwalla, who is British, is believed to have left Abuja using a Middle East airliner.
The authorities, still investigating how he managed to escape without his passport, are also trying to ascertain his intended destination.
The report said an Immigration official claimed that Anjarwalla fled Nigeria using a Kenyan passport, raising questions about how he obtained the document as he had no other travel document aside from the British passport.
Sources said the executives were held at a comfortable guest house with several privileges, including access to telephones, making it easy for Anjarwalla to orchestrate his escape.
Some other charges against Binance Holdings Limited, Anjarwalla, and Gambaryan include accusations of failing to register with the Federal Inland Revenue Service and failing to pay relevant taxes, particularly value-added taxes, as required by law.
The Nigerian government said Binance offered taxable services to subscribers on their trading platform while failing to issue invoices to those subscribers to determine and pay their value-added taxes, adding that the offense is punishable under S.29 of the Value Added Tax Act of 1993 (as amended).
Chioma Kalu
Follow us on:
The CAC has removed dormant companies that failed to file annual reports for 10 years…
NEC has set a one-week deadline for Kwara, Kebbi, and Adamawa to submit state police…
Amazon may face an EU investigation over preferential treatment of its own products under the…
https://cdn.veri.app/a21afe40-c7c7-4a5c-b145-4fc72382ab4b.mp4 Senate President, Godswill Akpabio, during the night of tribute, held in honour of the…
The Kano State government has reunited 79 pardoned minors accused of looting in the #End…
Matt Gaetz has announced that he is withdrawing his name from consideration as Donald Trump’s…
View Comments
E-AUCTION E-AUCTION E-AUCTION E-AUCTION Some Auction Vehicles/Cars For Sale
Mama Africa #17,000 •Tomatoes Rice # *15,000* •Cap Rice #15,000 •My Food #17,000 •Mama Gold #17,500 •Ade Brazil #15,000 •Elephant Gold #15,000 •Royal Umbrella #15,000 Etc.
Golf3= 400,000
Camry Tinny-Light=550,000
Tundra 1,300,000
Toyota Exterra=850,000
Toyota Camry big daddy=650,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2
Lexus Rx350= 2 million
ES350 2mill
Land Rover Discovery ₦3.2Million
Land Rover Freelander ₦3.6Million
Land Range Rover Sport ₦4Million
Acura MDX ₦1.8Million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
.....
((08132115039) (+234_915__6089_111)