Connect with us

    Hi, what are you looking for?

    News

    FIRS drags Binance and its executives to court for tax evasion

    Federal Government has filed criminal charges against Binance at the Federal High Court Abuja. In the lawsuit designated as FHC/ABJ/CR/115/2024, the Federal government implicated the cryptocurrency platform with a four-count tax evasion accusation.`

    In a statement by FIRS, the government said Tigran Gambaryan and Nadeem Anjarwalla, both senior executives of Binance currently under the custody of the Economic and Financial Crimes Commission are joined with the crypto company as second and third defendants in the suit.

    The charges levied against Binance include non-payment of Value-Added Tax, Company Income Tax, failure to file tax returns, and aiding customers to evade taxes through its platform.

    In the suit, the Federal Government also accused Binance of failing to register with FIRS for tax purposes and contravening existing tax regulations within the country.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You May Also Like

    News

    Nigeria Civil Aviation Authority (NCAA) has dismissed recent claims by Senator Orji Uzor Kalu alleging lapses in pilot preparation, substance abuse among flight crews,...

    News

    Sultan of Sokoto, Alhaji Sa’ad Abubakar III, has called for the regulation of social media in Nigeria, warning that its unrestrained use poses a...

    Tech

    OpenAI Chief Executive Officer, Sam Altman, has announced a major policy shift for the company’s flagship chatbot, ChatGPT, revealing plans to relax content restrictions...

    E-Financial

    Polaris Bank has reaffirmed its commitment to delivering exceptional customer experience through deeper engagement and partnership with its clients. This was demonstrated last Thursday...