Nigeria Charges Binance With Tax Evasion: Reports

The charges were announced by the Federal Inland Revenue Service (FIRS) and filed at the Federal High Court in Abuja with case number FHC/ABJ/CR/115/2024, one outlet reported. The exchange is being charged with four counts of tax evasion, including “non-payment of Value-Added Tax (VAT), Company Income Tax, failure to tax returns, and complicity in aiding customers to evade taxes through its platform.”