Since February 26th, Nadeem Anjarwalla, the cryptocurrencycurrency exchange’s regional manager for Africa, and Tigran Gambaryan, the director of Binance’s criminal investigations team, have been jailed in Nigeria.
After arriving in Abuja, the executives were summoned to discuss an ongoing issue with the Nigerian authorities over untraceable money that were reportedly transferred through Binance.
According to rumors, the Nigerian National Security Agency runs a guesthouse where Gambaryan and Anjrwalla are being kept. Under the guard of the Nigerian authorities, representatives of the US and UK governments paid a visit to the executives who are in custody.
The conflict arose from accusations leveled by the Nigerian government against Binance, asserting that the platform was used to process and launder almost $26 billion in untraceable fund. Furthermore, it has been stated that Binance has been requested by the Nigerian authorities to pay a $10 billion punishment for its involvement in transactions within the nation.
A Binance representative confirmed the arrestee’s imprisonment in relation to the event and gave the assurance that the company will carry out its obligation by working with Nigerian authorities to help the detainees get back together with their family.
The business Binance will completely support the executives who were held, according to the spokesman who placed a high priority on their professionalism and honesty. The spokesperson also expressed confidence that the crisis would soon come to an end.
The imprisonment of the two top executives underscores the persistent difficulties between Nigerian authorities and the cryptocurrencycurrency exchange over the purported financial irregularities, even after Binance announced its withdrawal from the country last week.
