Binance Executive Escapes Custody in Nigeria

Binance Executive Escapes Custody in Nigeria

By
Zahra Abubakar
1 min read

A dramatic escape involved Nadeem Anjarwalla, Binance's regional manager for Africa, who fled police custody in Nigeria and left the country via a Middle-Eastern airline. Both he and another Binance executive had been detained in a guarded house since February and were charged with tax evasion, amidst Nigeria's crackdown on crypto exchanges. Nigeria's Federal Inland Revenue Service is also pursuing charges against Binance. This comes as Nigeria faces economic challenges, including the devaluation of the naira and high inflation.

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