The Nigerian government expanded its charges for Binance, one of the world’s largest crypto exchanges, demanded a criminal penalty of $ 81 billion. According to the court documents, the stock market is accused of violating tax laws and conducting illegal foreign exchange trade.
Nigeria Inspections launched Binance case for the third time
This new case was the third crime against Nigeria against Binance. Authorities, the stock exchange in the country is unregistered in the country and does not pay taxes, stating, this is the country’s economy, claiming that it causes great damage.
According to the calculations made by the Nigerian Tax Administration, the damage suffered by the country’s economy is determined as 79.5 billion dollars, while an additional tax penalty is requested.
Reuters News: Nigeria sue Binance for 81.5 billion dollars of economic loss and tax debt – 19 February 2025Binance officials did not join the court
Binance officials did not attend the hearing last week, while the company’s representative in Nigeria Ayodele Omotilewa refused to comment on the issue. Binance has not yet made an official statement.
The company previously stated that the Nigerian government has unjustly held crypto services of the country’s currency of the nair depreciation of the country and rejected all the charges.
Binance’s trial starts on Monday
Binance will go to court on Monday on charges of money laundering and tax evasion of $ 35 million. The company argues that it is innocent in these cases.
This process led to the growth of the tension between Binance and the government in Nigeria. Last year, after the market crisis in Nigeria, Binance executives Tigran Gambaryan and Nadeem Anjarwalla were detained when they went to meet with the authorities in Abuja.
Gambaryan was released at the US government’s initiative after being in prison for months. Anjarwalla had escaped from the detention and left the country.
It was claimed that Binance offered a bribe of 5 million dollars
The Nigerian government claimed that Binance offered $ 5 million bribes to the authorities to release Gambaryan. However, an official accusation against Binance has not been filed against this claim. Kriptokoin.comWe have included details in this article.
