The government is making efforts to bring Anjarwalla back to Nigeria and is coordinating with Kenyan authorities to facilitate his return. Anjarwalla is suspected to have reached Kenya and gone into hiding to evade the authorities.
Allegations against him include money laundering, tax evasion, and currency speculation amounting to $35.4 million. Nigerian agencies such as the Economic and Financial Crimes Commission (EFCC), the Nigeria Police, the Kenyan Police, and Interpol are collaborating to address the charges.
The EFCC has been working with international agencies like the FBI, UK, Northern Ireland, and Kenyan authorities to handle the allegations dating back to February. After the EFCC took over the investigation, charges were filed against Binance Holdings Limited, Gambaryan, and Anjarwalla.
Anjarwalla reportedly used his UK passport to board a flight out of Abuja but it is unclear how he managed to do so, as Nigerian authorities possess his UK passport used for entry into Nigeria. There have been ongoing interrogations of soldiers monitoring Anjarwalla, and the military, Department of State Services, the Police, and the National Intelligence Agency have been extensively involved in the case.
On March 5, Binance announced that it would cease all naira transactions, effectively exiting the market and removing all naira trading pairs from its peer-to-peer platform. The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has previously expressed concerns about crypto exchanges in Nigeria handling illicit transactions totaling over $21.6 billion.