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Home»News»Kenyan Crypto Tycoon Held in Nigeria Escapes Detention
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Kenyan Crypto Tycoon Held in Nigeria Escapes Detention

winnie mabelBy winnie mabelMarch 26, 2024
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Police officers are seen conducting checks on vehicles at the Federal High court in Abuja, Nigeria October 21, 2021. REUTERS/Afolabi Sotunde
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  • A Kenyan executive overseeing the operations of a leading cryptocurrency firm in Africa has reportedly escaped detention in Nigeria
  • The startling revelation surfaced through Nigerian publication Premium Times on Monday, March 25
  • Initial reports suggest that the executive was granted permission to attend Ramadhan prayers at a nearby mosque, seizing the opportunity to abscond from captivity

A Kenyan executive overseeing the operations of a leading cryptocurrency firm in Africa has reportedly evaded detention in Nigeria, where he faced charges of tax evasion.

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The startling revelation surfaced through Nigerian publication Premium Times on Monday, March 25, detailing the suspect’s daring escape from a guest house where he was held in custody alongside others.

Initial reports suggest that the executive was granted permission to attend Ramadhan prayers at a nearby mosque, seizing the opportunity to abscond from captivity.

The tycoon, who possesses dual citizenship in Kenya and the United Kingdom, is believed to have utilized his Kenyan passport to facilitate his flight out of Nigeria, as his Nigerian passport had already been confiscated by authorities.

Contrary to Nigerian assertions, it is speculated that the suspect managed to depart Nigeria via a Middle Eastern airline, although his ultimate destination remains shrouded in mystery.

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The saga began on February 26 when the executive was apprehended and investigated for purportedly orchestrating the movement of an astounding Ksh3.6 trillion (USD26 billion) of suspicious funds.

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At the time, he served as the African regional executive of the cryptocurrency company, thrusting him into the spotlight of scrutiny.

Subsequently, on February 28, a Nigerian court acceded to the requests of the Economic and Financial Crimes Commission (EFCC), granting a 14-day extension for the tycoon’s detention to facilitate ongoing investigations.

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However, it has now emerged that during this extended period of detention, the Kenyan national was accommodated in a comfortable guest house, affording him unrestricted access to a mobile phone.

 This unrestricted access is believed to have provided the executive with the opportunity to meticulously plan his escape.

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The audacious escape raises questions regarding the efficacy of law enforcement measures and the adequacy of security protocols employed in detaining high-profile individuals implicated in financial malfeasance.

#Featured Cryptocurrency Kenyan tycoon Nigeria Top News Trending News
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winnie mabel
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I am Winnie Mabel, a seasoned journalist with over 10 years of experience in the media and communications industry, including 5 years specializing in digital communications. My skills range from crafting compelling stories and managing content with precision to formulating content strategy and effective audience engagement.

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