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Home»Technology

Updated: Binance Responds To Employee’s Escape, Pledges Cooperation With Nigerian Authorities

Editor FrancisBy Editor FrancisMarch 25, 2024Updated:March 26, 2024 Technology No Comments1 Min Read
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In response to reports of the escape of Nadeem Anjarwalla, a detained employee, from Nigerian custody, cryptocurrency platform Binance has issued a statement addressing the situation.

According to a spokesperson for Binance, confirmed to GOVIMA on Monday, Anjarwalla, Binance’s Africa regional manager, escaped on March 22, 2024, from an Abuja guest house where he and his colleague Tigran Gambaryan were held for alleged tax evasion.

Expressing concern for Anjarwalla’s safety, Binance emphasised that the well-being of its employees remains paramount. The company assured that it is actively cooperating with Nigerian authorities to swiftly resolve the matter.

Anjarwalla and Gambaryan were initially detained by the office of the National Security Adviser in February 2024. Binance’s troubles in Nigeria escalated when it faced restrictions on operating in the Nigerian cyberspace starting February 21, 2024. Subsequently, the platform ceased its services on Naira on March 8.





Binance’s response underscores ongoing efforts to address the situation while navigating regulatory challenges in the cryptocurrency space.

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