iDeemlawfulThe Operative team of Economic and Financial Crimes Commission (EFCC) have produced an official of Binance Holdings Limited, Tigran Gambaryan in court over allegations of tax evasion and money laundering.
The Binance executive was arranged at the Federal High Court in Abuja on Thursday, April 4, 2024.
In the suit marked: FHC/ABJ/CR/115/2024, Binance was accused of failing to register with the Federal Inland Revenue Service for the purpose of paying all relevant taxes administered by the service.
The FIRS also alleged that while it was offering taxable services to subscribers on its trading platform, the company failed to issue invoices to those subscribers for the purposes of determining and payment of its vavalue-addedaxes.
Gambaryan was ushered into the court by heavily armed operatives of the Economic and Financial Crimes Commission.
He is the second defendant in the matter.
Procedings are underway as of the time of filing this report.
