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Binance Executive Detained in Nigeria Escapes from Custody

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One of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, Nadeem Anjarwalla, has escaped from lawful custody, according to PREMIUM TIMES report.

Our sources said Mr Anjarwalla, 38, escaped on Friday, 22 March, from the Abuja guest house where he and his colleague were detained after guards on duty led him to a nearby mosque for prayers in the spirit of the ongoing Ramadan fast.

The Briton, who also has Kenyan citizenship, is believed to have flown out of Abuja using a Middle East airliner.

It remains unclear how Mr Anjarwalla got on an international flight despite his British passport, with which he entered Nigeria, remaining in the custody of the Nigerian authorities.

Authorities are also said to be working to unravel his intended destination in a bid to get him back into custody.

An Immigration official said the Binance executive fled Nigeria on a Kenyan passport. He, however, said authorities were trying to determine how he obtained the passport, given that he had no other travel document (apart from the British passport) on him when he was taken into custody.

Another source said the two officials were held at a “comfortable guest house” and allowed many rights, including the use of telephones, a privilege Mr Anjarwalla is believed to have exploited to plot an escape.

When contacted Sunday night on the escape of the Binance executive from detention, the Head of Strategic Communication at the Office of the National Security Adviser, Zakari Mijinyawa, said he would enquire and revert. He has yet to do so as of the time of filing this report.

Mr Anjarwalla, Binance’s Africa regional manager, and Tigran Gambaryan, a US citizen overseeing financial crime compliance at the crypto exchange platform, were detained upon their arrival in Nigeria on 26 February 2024.

A criminal charge was filed against the two executives before a Magistrate Court in Abuja. On 28 February 2024, the court granted the Economic and Financial Crimes Commission (EFCC) an order to remand the duo for 14 days. The court also ordered Binance to provide the Nigerian government with the data/information of Nigerians trading on its platform.

Following Binance’s refusal to comply with the order, the court extended the remand of the officials for an additional 14 days to prevent them from tampering with evidence. The court then adjourned the case till 4 April 2024.

Also on 22 March, the Nigerian government approached the Federal High Court in Abuja and slammed another four-count charge on Binance Holdings Limited, Mr Anjarwalla and Mr Gambaryan, accusing them of offering services to subscribers on their platform while failing to register with the Federal Inland Revenue Service to pay all relevant taxes administered by the Service and in so doing, committed an offence, contrary to and punishable under Section 8 of the Value Added Tax Act of 1993 (as Amended).

The defendants were also accused of offering taxable services to subscribers on their trading platform while failing to issue invoices to those subscribers to determine and pay their value-added taxes and, in so doing, committed an offence contrary to and punishable under S.29 of the Value Added Tax Act of 1993 (as amended).

Count Three of the charges accused the three defendants of offering services to subscribers on their Binance trading platform for the buying and selling of cryptocurrencies and the remittance and transfer of those assets while failing to deduct the necessary Value Added Taxes arising from their operations and thereby committing an offence contrary to and punishable under Section 40 of the Federal Inland Revenue Service Establishment Act 2007 (as amended).

The last count of the charges wants the defendants punished for allegedly aiding and abetting subscribers on their Binance trading platform to unlawfully refuse to pay taxes or neglect to pay those taxes and, in so doing, committing an offence contrary to and punishable under the provisions of S.94 of the Companies Income Tax Act (as amended).

The Nigerian government had, in the past three months, been cracking down on suspected money launderers and terrorism financiers, some of whom it alleged are using the Binance platform for criminal activities

The Nigerian government said over $21.6 billion was traded by Nigerians whose identities were concealed by Binance.

Source: Premium Times

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Harakati Za Holds Pan-African Conference on Economic Restructuring, Political Reforms, Regional Integration in Accra

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More than 200 delegates from across Africa are expected to converge in Accra on July 24, 2026, for an international conference on “Economic Restructuring, Political Reforms and Integration for Sustainable Development in Africa.”

The conference, organised by Harakati Za Muungano, will take place at the GNAT Hall and will bring together policymakers, academics, business leaders, traditional authorities, civil society organisations, youth leaders and development partners to explore practical solutions for accelerating Africa’s development through deeper regional integration.

Harakati Za Muungano, a Swahili phrase meaning “Union Movement,” is a pan-African movement committed to promoting African unity, economic transformation and governance reforms that support sustainable development.

The organisation believes that Africa’s vast human and natural resources can only be fully harnessed through stronger regional cooperation, enhanced intra-African trade and governance systems that place the continent’s long-term development at the centre of public policy.

Since its establishment in November 2023, the movement has expanded its operations to 17 African countries, engaging governments, regional institutions, traditional leaders, professionals, youth groups and community organisations.

Its work focuses on policy advocacy, research, civic engagement and humanitarian initiatives aimed at fostering inclusive development, strengthening regional cooperation and encouraging reforms that improve the quality of life of Africans.

The conference will provide a platform for participants to deliberate on critical issues affecting the continent, including constitutional reforms, economic restructuring, regional market integration, industrialisation, governance continuity and sustainable financing models for development.

Organisers expect the discussions to produce practical recommendations that can inform policy decisions at both national and regional levels.

A major focus of the conference will be the movement’s vision of a more integrated Sub-Saharan Africa where barriers to trade and movement are reduced, economic collaboration is strengthened and governments adopt policies that encourage long-term planning, investment and shared prosperity.

The organisation believes that greater integration will unlock new opportunities for businesses, create jobs, promote industrial growth and enhance Africa’s global competitiveness.

Organisers say the conference represents an important opportunity for African leaders and stakeholders to collectively examine bold and innovative approaches to the continent’s future.

With over 200 delegates expected from across the continent, the event is anticipated to foster meaningful dialogue, strengthen partnerships and advance a shared vision of an economically resilient, politically stable and fully integrated Africa.

-Overseeronline.com

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NBA Election: Badejo-Okusanya Coasts to Victory, Becomes 2nd Female President

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The Nigerian Bar Association (NBA) has elected Oyinkansola Badejo-Okusanya, a Senior Advocate of Nigeria (SAN), as its next president after she polled the most votes when voting officially ended Sunday morning.

‎Mrs Badejo-Okusanya, the only female among the three presidential candidates, polled 12,317 votes to emerge the winner of the election, which was held through electronic voting for 24 hours. from 7:35 a.m. on Saturday to 7:34 a.m. on Sunday

‎She defeated her two challengers, polling 47.18 per cent of the 26,106 ballots cast in the presidential election, based on the final tally…

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Britain Get New Prime Minister, Andy Burnham

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Nearly a month after Keir Starmer’s resignation, former Manchester Mayor Andy Burnham, one of the most popular politicians in Britain, will become the country’s seventh prime minister in 10 years.

The move was made possible after Burnham won a byelection in the Makerfield constituency by a wide margin. He was then appointed as the leader of the ruling Labour Party on Friday, confirming him as Starmer’s successor.

A long political career

“Everyone can feel the country isn’t where it should be,” 56-year-old Burnham said after his Makerfield election victory, in remarks that already sounded distinctly prime ministerial. “From here on I will give everything I have got to make it so. To ensure the name Makerfield is forever synonymous with bringing about the change this country needs, bringing back something we’ve lost ― hope ― hope for the future.”

Burnham is seen as a leading figure on Labour’s moderate-left wing and has decades of experience in both national and regional politics. He first entered Parliament in 2001. Under Prime Minister Tony Blair, he served as a junior minister at the Home Office before Blair’s successor, Gordon Brown, appointed him to roles at the Finance Ministry, the Department for Culture, and later as health secretary.

Burnham even ran for the Labour leadership twice, in 2010 and 2015. In 2017, he left Parliament to become mayor of Greater Manchester, a region of around 2.8 million people in northern England. He has since won reelection twice, most recently getting nearly two-thirds of the vote.

Among Burnham’s most notable achievements in Manchester is the expansion of affordable public transportation. Housing and health care have also been central priorities throughout his time as mayor. He is critical of Brexit, the UK’s exit from the European Union in 2020, and describes himself as an advocate of “pro-business socialism.”

During the COVID pandemic, Burnham locked horns with then-Prime Minister Boris Johnson, demanding greater financial support for businesses and workers affected by lockdown restrictions. The confrontation and his general success in Manchester earned him the nickname “King of the North.”

In the past few years, Burnham’s main criticism of his Labour Party colleague Keir Starmer has focused on the prime minister’s cuts to welfare spending. Which policies Burnham would pursue should he succeed as prime minister has so far largely remained undefined.

A working-class northerner

Burnham is deeply rooted in the former mining and industrial communities of northern England. Born in 1970 in Aintree, near Liverpool, he grew up in the village of Culcheth with his father working as a technician and his mother as a medical assistant.

While studying English at Cambridge University, Burnham later said he often felt like an outsider. Inspired by the miners’ strike of the mid-1980s, he joined the Labour Party at the age of 14.

He’s been a lifelong supporter of Everton Football Club. His wife is Dutch, and the couple has three children. Burnham also has a tattoo of the worker bee — a symbol of industry and solidarity — on his right upper arm.

Today, Burnham is among the most popular politicians in the United Kingdom, and many supporters see him as Labour’s best hope of countering the rise of the right-wing populist Reform UK party of Nigel Farage.

Yet since the Brexit referendum in 2016, the office of British prime minister has become somewhat precarious. Burnham would be the seventh person to hold the position since the referendum a decade ago. If he does succeed Starmer, he will inherit a country still grappling with deep political, economic, and social challenges.

This article was originally published in German on June 22 and updated on July 17 to reflect Andy Burnham being appointed Labour Party leader.

Culled from DW.com

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