ALLEGED TAX EVASION: BINANCE EXECUTIVE DETAINED IN NIGERIA ESCAPES FROM CUSTODY

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Nadeem Anjarwalla, one of the two Binance executives being held in Nigeria on charges of tax evasion and other offenses, has allegedly fled from detention.

The Federal Government took the two top Binance executives into custody in February.

The arrest occurred during government efforts to suppress naira speculation by targeting cryptocurrency exchanges.

Binance is accused of not paying value-added tax, company income tax, filing tax filings, and conspiring to help users of its platform avoid paying taxes.

According to a national daily, Anjarwalla reportedly broke free from the guest home in Abuja on Friday, where he and his colleague were being detained.

It was said that he made his getaway after being escorted to a neighboring mosque for prayers by a few on-duty guards.

The British national, who is also a citizen of Kenya, is thought to have taken a Middle Eastern flight out of Abuja.

It is unknown how Anjarwalla boarded a foreign flight while Nigerian authorities were holding his British passport, which he used to enter the country.

According to the National Daily, in an effort to reclaim him, officials are also investigating his ultimate destination.

According to an immigration official, the Binance executive used a Kenyan passport to leave Nigeria.

Given that he was only carrying his British passport when he was detained, the official revealed that the authorities are investigating how he was able to obtain the passport.

An additional insider claims that the two officials were held in a “pleasant guest house” and given many amenities, including phones. It is believed that Anjarwalla used this chance to organize his escape.

When reached on Sunday night, Zakari Mijinyawa, the Head of Strategic Communication at the Office of the National Security Adviser, was unable to corroborate the occurrence.

Mijinyawa pledged to investigate and respond.

However, he has yet to do so as of the time of filing this report