The search for Binance executive, Nadeem Arjarwalla, has come to an end as he is reportedly traced to Kenya. The Nigerian government is now working towards extraditing him to face charges related to Binance's regulatory issues in the country.

After escaping from custody in Nigeria, Arjarwalla went into hiding in Kenya. However, his cover has been blown, and the Nigerian government is collaborating with international security agencies like Interpol and the Kenyan Police to bring him back to Nigeria.

Arjarwalla was detained alongside another Binance executive after a meeting with the Nigerian government over Binance's regulatory woes. The Nigerian government accused Binance of facilitating trades through its P2P platform, leading to the fall of the local currency.

The Economic and Financial Crime Commission (EFCC) took over the investigation from the National Security Adviser (NSA) and slammed the exchange and its two executives with five counts bordering on money laundering. While Arjarwalla remains out of the country, his fellow executive, Tigran Gambaryan, pleaded not guilty to charges with his wife and other supporters calling for his release after several weeks in detention.

Meanwhile, Binance has deactivated its naira P2P service following a probe by the Nigerian government. The Nigerian government is committed to bringing Arjarwalla back to the country to face justice, as all security agencies are working hard to ensure his return.