EFCC to Prosecute Binance and Executives Over Alleged Money Laundering
The Economic and Financial Crimes Commission (EFCC) is set to arraign Binance Holdings Limited and two of its senior executives, Tigran Gambaryan and Nadeem Anjarwalla, for their alleged involvement in a $35,400,000 money laundering case. Despite Anjarwalla’s recent escape from custody and fleeing Nigeria, the EFCC is determined to pursue the case.
Following the initial charges filed by the EFCC against Binance Holdings Limited, Gambaryan, and Anjarwalla, the commission has intensified efforts to prosecute the case. Despite Anjarwalla’s escape, the EFCC has obtained a court warrant for his arrest and extradition, collaborating with international law enforcement agencies for his apprehension.
The charges against Binance and its executives include engaging in financial activities without proper licensing, unlawful foreign exchange transactions, conspiracy to conceal the origin of proceeds from illegal activities, and money laundering.
In response to Anjarwalla’s escape, the Office of the National Security Adviser (ONSA) confirmed the incident and initiated efforts to recapture him. Anjarwalla’s escape has raised concerns among security agencies, leading to the arrest of personnel responsible for his custody and ongoing investigations into the circumstances surrounding his escape.
The Federal Government, through the ONSA, has urged the public and international community to provide any information that could aid in Anjarwalla’s arrest. This development comes amid ongoing investigations into money laundering and terrorism financing activities linked to the Binance platform.
Despite the challenges posed by Anjarwalla’s escape, the EFCC remains committed to prosecuting the case and ensuring accountability in financial transactions associated with Binance.
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