Binance Africa Manager Escapes Custody, Sparks Investigation by National Security

In a startling turn of events, the Office of the National Security Adviser (ONSA) has confirmed the escape of Nadeem Anjarwalla, the regional manager for Africa at Binance, a leading cryptocurrency exchange platform.

Anjarwalla’s escape, facilitated by the use of a smuggled passport, has raised significant concerns within security circles.

According to ONSA, the officer responsible for Anjarwalla’s detainment has been apprehended, signaling a swift response to the breach. Zakari Mijinyawa, ONSA’s Head of Strategic Communication, issued a statement revealing preliminary findings of the investigation. It was disclosed that Anjarwalla absconded from Nigeria using a passport obtained through illicit means.

The circumstances surrounding Anjarwalla’s escape are under intense scrutiny, with authorities keen to unravel the sequence of events that led to his departure from lawful detention. Initial reports suggest that guards, acting under false pretenses, escorted Anjarwalla to a nearby mosque for prayers during the ongoing Ramadan fast, providing him with an opportunity to flee.

Speculation is rife that Anjarwalla may have been whisked out of the country aboard a Middle Eastern airline, raising questions about the extent of coordination and planning involved in his escape. The incident comes on the heels of heightened scrutiny of Binance by Nigerian authorities.

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Last month, Nuhu Ribadu, a former anti-corruption czar, detained two Binance executives and seized their passports following allegations of forex trading manipulation and tax evasion. Binance has been accused of various financial infractions, including non-payment of Value-Added Tax (VAT), failure to submit tax returns, and complicity in aiding tax evasion by its users.

Anjarwalla’s escape adds a new dimension to the ongoing legal battle between Binance and Nigerian regulators, amplifying concerns about the regulation and oversight of cryptocurrency platforms in the country. As authorities intensify efforts to apprehend Anjarwalla and address the broader issues surrounding Binance’s operations, the incident serves as a stark reminder of the challenges associated with regulating the burgeoning cryptocurrency industry.