An official from Binance Holdings Limited, Tigran Gambaryan, is currently facing charges of tax evasion in court. Alongside him is Nadeem Anjarwalla, who is currently on the run and expected to be brought before the Federal High Court in Abuja today.
The lawsuit, identified as FHC/ABJ/CR/115/2024, alleges that Binance failed to register with the Federal Inland Revenue Service, neglecting to pay the necessary taxes administered by the service. Furthermore, the FIRS claims that despite providing taxable services to subscribers on its trading platform, Binance failed to issue invoices to these subscribers for the purpose of calculating and paying value-added taxes.
Gambaryan was escorted into the courtroom by heavily armed operatives from the Economic and Financial Crimes Commission and is the second defendant in this case. Proceedings are currently ongoing at the time of this report, with updates to follow.
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