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FIRS Takes Binance to Court, Demands $79.5 Billion in Taxes and Penalties

The Nigerian government, through the Federal Inland Revenue Service (FIRS), has filed a lawsuit against Binance Holdings Limited at the Federal High Court in Abuja, demanding $79,514,055,594.40 and N231 million for alleged economic losses caused by its operations in Nigeria. Additionally, the government is seeking $2,001,000,000 in unpaid income tax for 2022 and 2023. An […]

House of Reps Dismisses Binance Executive’s Bribery Allegations as Baseless

The House of Representatives has dismissed allegations of bribery made by a Binance executive, Tigran Gambaryan, describing them as an attempt to discredit Nigerian institutions. Gambaryan had alleged that certain members of the House demanded a $150 million bribe during the dispute between the cryptocurrency platform and the Federal Government—a claim that Nigerian authorities have […]

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