Police authorities in Kenya have arrested Nadeem Anjarwalla, an executive of cryptocurrency platform, Binance, who fled Nigeria some weeks ago.

Anjarwalla had escaped from custody in Nigeria, following Federal government's crackdown on the cryptocurrency platform in a bid to strengthen the naira.

While the government later traced Anjarwalla to the East African nation, multiple reports said the Binance executive was now in the custody of the Kenyan police.

According to the reports, government sources in Kenya confirmed that the Binance chief is now in the custody of the country's police.

Since he escaped from Nigeria, the Economic and Financial Crimes Commission, EFCC, the International Criminal Police, the Nigeria Police Force, NPF, and the Kenyan Police Service have been in talks to extradite Anjarwalla.

In March, EFCC confirmed plans to extradite the Binance chief in the agency's bulletin for the month.

The anti-graft agency's chief, Ola Olukoyede, had said.

The takeover of the prosecution of Binance chiefs by the commission is no less a strong message in the direction of EFCC's resolve to hedge in distortions and disruptions in the country's forex market.

"Tax evasion, currency speculation, and money laundering to the tune of $35,400,000 and are at the foundation of the Commission's five counts against Binance Holdings Limited, Tigran Gambaryan and Nadeem Anjarwalla, the company's chief executives.

"While Gambaryan is currently in the commission's net, the process of extraditing the fleeing Anjarwalla is revving in full swing.

"Involved in partnership with the EFCC to nick Anjarwalla in flight are the International Criminal Police Organisation, the United States Federal Bureau of Investigation, the governments of the United Kingdom, Northern Ireland, and Kenya as the clock winds down to his arraignment in absentia alongside the company and Gambaryan."