One of the Binance executives being held in Nigeria on suspicion of tax evasion and other offences, Nadeem Anjarwalla, has allegedly escaped from detention.
Anjarwalla, 38, is reported to have escaped from the guest home in Abuja on Friday, March 22, when he and his colleague were being detained, according to sources from Premium Times.
He was brought by on-duty guards to a neighbouring mosque for Ramadan prayers, and he exploited the occasion to escape.
The British national, who is also a citizen of Kenya, is thought to have taken a Middle East plane out of Abuja.
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Questions should be raised about the circumstances of Anjarwalla’s escape because his British passport was still being held by Nigeria. Although he only had his British passport and no other travel documents, it is reported that he left the country using a Kenyan passport. Authorities are looking into how he obtained it.
The Binance executive escaped, according to an immigration official, even though he was staying in a “comfortable guest house” with basic amenities, like phones. These rights are said to have made Anjarwalla’s escape strategy easier.
On February 26, 2024, Anjarwalla, the regional manager for Binance in Africa, and his US citizen colleague Tigran Gambaryan, who was in charge of financial crime compliance, were first taken into custody upon their arrival in Nigeria. Following the filing of criminal charges by the Nigerian government against the two, a court order was issued for their remand.
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The Economic and Financial Crimes Commission (EFCC) was given permission by the court on February 28, 2024, to remand the two individuals for a period of 14 days.
In addition, the Nigerian government brought further charges against Binance Holdings Limited, Anjarwalla, and Gambaryan, alleging that they violated Section 8 of the Value Added Tax Act of 1993 (as amended) by providing taxable services to users of their platform without registering with or paying the appropriate taxes to the Federal Inland Revenue Service.
The legal issues the bitcoin trading company and its management are facing are exacerbated by these claims.
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