Binance ‘relieved’ as Nigeria drops tax charges against its executives | Headlines | News | CoinMarketCap
06/14/2024 22:04
Crypto exchange Binance said it was “relieved” following news that Nigerian authorities had dropped tax charges against its executives Tigran …
Crypto exchange Binance said it was “relieved” following news that Nigerian authorities had dropped tax charges against its executives Tigran Gambaryan and Nadeem Anjarwalla, with Binance now the sole defendant.
Nigeria’s Federal Inland Revenue Service (FIRS) served and filed amended charges today, a Binance spokesperson confirmed, resulting in the tax charges being dropped. The pair still face money laundering charges in the country, alongside Binance.
Gambaryan, a former Special Agent for the U.S. IRS and Binance’s Head of Financial Compliance, and Anjarwalla, Binance’s Africa Regional Manager, were detained following their arrival in Nigeria’s capital city, Abuja, on Feb. 26, amid accusations of Binance making illegal-transaction profits locally. Criminal charges were filed …