FG Files Tax Evasion Charges Against Binance

The Federal Government has initiated criminal proceedings against Binance, a leading cryptocurrency exchange platform.

The charges, filed at the Federal High Court in Abuja, were announced on Monday by the Federal Inland Revenue Service (FIRS).

The lawsuit, designated as suit number FHC/ABJ/CR/115/2024, implicates Binance with a four-count tax evasion accusation, a statement by Dare Adekambi, Special Adviser, Media to the Executive Chairman, FIRS had said

Joined with the crypto company as second and third defendants in the suit are Tigran Gambaryan and Nadeem Anjarwalla, both senior executives of Binance currently under the custody of the Economic and Financial Crimes Commission (EFCC).

“The charges levied against Binance include 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.,” the statement said