Business

The Office of the National Security Adviser (ONSA), on Monday, confirmed that Nadeem Anjarwalla, a suspect in the ongoing criminal probe into the activities of Binance in Nigeria, has escaped from lawful custody.

The Head of Strategic Communication at the Office of the National Security Adviser, Zakari Mijinyawa, said Mr Anjarwalla escaped on Friday, 22 March.

Earlier on Monday, PREMIUM TIMES exclusively reported how Mr. Anjarwalla escaped from lawful custody, according to those familiar with the matter.

The naira which last month fell to a low of ₦1,778.25 to the dollar, weighed down by high demand for the U.S. currency and outstanding forwards on the currency that needed to be settled by the Central Bank bounced back during the week, firming  to ₦1,312.51 per dollar at the weekend, after the CBN said late on Wednesday it had cleared its entire verified foreign exchange backlog.

A BDC operator, Mallam Yakubu Salisu, said ‘people “are willing to exchange their dollars now more than ever before because of fears that it might crash further in the coming days.”