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FG to arraign Binance, 2 others for alleged tax evasion April 4


The Federal Government will arraign Binance Holdings Limited and its two top officials: TIGRAN GAMBARYAN and fleeing NADEEM ANJARWALLA on April 4.

 

They are expected to be arraigned before Justice EMEKA NWITE of a Federal High Court, Abuja on a four-count charge.

 

Hearing notices had been related to the Federal Inland Revenue Service (FIRS), the prosecuting agency, and counsel to other parties for the defendants to take their plea.

 

The charges levelled against Binance include allegations of 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.

 

Furthermore, the Federal Government accused Binance of neglecting to register with FIRS for tax purposes and contravening existing tax regulations within the country.

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