Binance Executive: Court Takes Decision as FIRS Makes Major Error

A Federal High Court in Abuja has adjourned the tax evasion case against Binance Holdings Limited and its executives.

The matter was adjourned due to the failure of the Federal Inland Revenue Service (FIRS) to serve Tigran Gambaryan the charges as he was still in the custody of the Economic and Financial Crimes Commission (EFCC).

According to TVC News, the case has been adjourned to Friday, April 19.

The federal government had dragged the crypto firm and its two top officials, Tigran Gambaryan and the fleeing Nadeem Anjarwalla to court over alleged tax evasion, The Nation reports.

Binance was charged in the lawsuit filed under the case number FHC/ABJ/CR/115/2024 of failing to register with the FIRS in order to pay all applicable taxes.

The FIRS also alleged the firm neglected to send users invoices to calculate and pay their value-added taxes, even though it was providing taxable services on its trading platform.

Source: TheTalk.NG

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