Binance Executive Arjarwalla Traced To Kenya as Nigeria Plans Extradition

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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