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News Update: Binance executive facing tax evasion charges in Nigerian court



Head of Financial Crime Compliance at Binance, Tigran Gambaryan, has been brought to the Federal High Court in Abuja to face allegations of tax evasion.

Today, Gambaryan and Nadeem Anjarwalla, who is currently on the run, are scheduled to appear in court.

In a case identified as FHC/ABJ/CR/115/2024, Binance has been accused of not registering with the Federal Inland Revenue Service (FIRS) and failing to fulfill tax obligations under the jurisdiction of the service.

According to NewsNow, both Gambaryan and Nadeem Anjarwalla, Binance’s Regional Manager for Africa, were apprehended by Nigerian authorities on February 28.

Despite Anjarwalla managing to escape from the custody of the Office of the National Security Adviser (ONSA), the Federal Government is preparing to press charges against both executives and Binance for tax evasion and money laundering on Thursday.

Gambaryan, dressed in a black T-shirt and green pants, was escorted into the court premises by officials from the Economic and Financial Crimes Commission (EFCC) around 9:19 am.