Following the disappearance of Binance’s executive, Nadeem Anjarwalla from custody, the Nigerian government has filed tax evasion charges against the cryptocurrency company.
The charges were submitted to the Federal High Court in Abuja and were publicly announced by the Federal Inland Revenue Service (FIRS) on Monday.
In the lawsuit, identified as suit number FHC/ABJ/CR/115/2024, Nigeria Government accused Binance of four counts of tax evasion.
Alongside the crypto company, Tigran Gambaryan and Nadeem Anjarwalla—senior executives of Binance—are named as the second and third defendants in the case.
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The charges against Binance include allegations related to non-payment of Value-Added Tax (VAT), Company Income Tax, failure to file tax returns, and complicity in aiding customers to evade taxes through its platform.
Also, the Federal Government asserted that Binance failed to register with FIRS for tax purposes and violated existing tax regulations within the country.
One specific count in the lawsuit pertains to Binance’s alleged failure to collect and remit various categories of taxes to the federation, as mandated by Section 40 of the FIRS Establishment Act 2007 (as amended).
Stay tuned for more details…
