There may be a cautionary tale here for cryptocurrency executives planning on visiting Nigeria – it’s probably not a good idea right now.
The second Binance executive detained by Nigerian law enforcement authorities is Nadeem Anjarwalla, who holds dual British and Kenyan citizenship.According to family members, the two arrived in Abuja on 25 February at the invitation of the Nigerian finance authorities to address a long-running dispute over Binance’s perceived role in devaluing the naira and facilitating the illicit flow of funds.
“After waiting more than two hours, they were invited back into a meeting room albeit with different attendees than the ones announced. This meeting was more hostile.” He refused to undergo blood tests without someone from the UK High Commission present as he “does not trust the results won’t be manipulated,” the families say.
Binance has denied any wrongdoing, but this is not the first time it has bumped heads with regulators. “Tigran is globally recognised for his work in law enforcement and in fact, I think many of his peers would say that cryptocurrencies are becoming safer because of Tigran’s efforts.”
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