The Federal Inland Revenue Service (FIRS) in Abuja has filed legal proceedings against the cryptocurrency exchange Binance, alleging instances of four tax evasions.
The allegations against Binance involve the non remittance of Value Added Tax (VAT), Company Income Tax (CIT), non compliance with the tax return filing obligations, and facilitating tax evasions for its users.
Furthermore, the federal government charged Binance with not registering for tax purposes with the FIRS and violating the country’s tax laws.
FIRS said in a statement “one of the counts in the lawsuit pertains to Binance’s alleged failure to collect and remit various categories of taxes to the federation as stipulate by Section 40 of the FIRS Establishment Act 2007 as Establishment Act 2007 as amended”
The office of Nigeria’s National Security Adviser (NSA) also confirmed reports that Anjarwalla escaped from detention and fled the country using smuggled passport. On February 28, Nigerian authorities detained two senior Binance executives Nadeem Anjarwalla, a 37 year old British Kenyan who serves as the regional manager for Africa, and Tigran Gambaryan, a 39 year old American who is head of the financial crime compliance at Binanve. They were held for several weeks.
Binance is yet to provide a response to these allegations and the escape of its executives.
