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Binance reacts to escape of executive from custody in Nigeria

Binance, a cryptocurrency platform, has reacted to the report that one of its detained executives, Nadeem Anjarwalla, escaped from custody in Nigeria

Binance reacts to escape of executive from custody in Nigeria

The spokesperson for Binance confirmed Anjarwalla’s escape in a statement sent to the DAILY POST on Monday.

DAILY POST reports that Anjarwalla, Binance’s Africa regional manager, escaped from custody on March 22, 2024, from an Abuja guest house, where he and his colleague, Tigran Gambaryan, were detained for alleged tax evasion.

Reacting on the development, Binance said the safety of Anjarwalla remains their top priority.

The firm stressed that it is working with the Nigerian authorities to resolve the issue quickly.

“We were made aware that Nadeem is no longer in Nigerian custody. Our primary focus remains on the safety of our employees, and we are working collaboratively with Nigerian authorities to resolve this issue quickly”.

Recall that trouble started for Binance when it was restricted from operating in Nigerian cyberspace from February 21, 2024.

The development led to Binance discontinuing its services on Naira from March 8.

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