Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

What's going on, guys? It is Thursday, April 4th, and today we are catching up on

finance in Nigeria, crypto venture funds, and much, much more. Before we get into that,

however, if you are enjoying the breakdown, please go subscribe to it, give it a rating,

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notes or go to bit.ly slash breakdown pod. All right, friends, like I said, today we are catching up

on a number of different topics, and we start with the situation with the Binance executives

in Nigeria. A pair of Binance executives have been arraigned in criminal charges in Nigeria as

of this week. You might remember that

the pair were detained in February after they flew in to negotiate with the Nigerian government

after Binance was accused of causing a currency crisis. They were held without charge for over a month,

triggering an outcry from the crypto industry. The situation was particularly outrageous as one

of the executives, Tigrin Gambarian, is a U.S. citizen and highly

decorated former IRS investigator. Two weeks ago, the other executive managed to escape capture

and flee the country using a secondary passport. The Nigerian government claimed to be seeking

the assistance of Interpol to track down the escapee, but his whereabouts remain unknown.

Throughout the last two months, Binance have maintained that they are working with the Nigerian

government to reach a satisfactory outcome. They maintained that their key goal

was to secure the release of the two executives. Two weeks ago, Nigerian authorities decided

to charge Binance with tax evasion. The pair of executives would also be charged personally.

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