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The appearance of a Binance executive in court by EFCC operatives

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Tigran Gambaryan, an official of Binance Holdings Limited, has been brought before the court on charges of tax evasion.

Today, he along with Nadeem Anjarwalla, who is currently on the run, are scheduled to be presented in the Federal High Court in Abuja.

Under the case number FHC/ABJ/CR/115/2024, Binance is accused of neglecting to register with the Federal Inland Revenue Service for the purpose of fulfilling all required tax obligations set by the service.

The FIRS further alleges that despite providing taxable services to users on its trading platform, the company did not provide invoices to these users, which are needed for the calculation and payment of value-added taxes.

Gambaryan was escorted into the courtroom by heavily armed EFCC agents.

He is the second individual implicated in the case.

At the time of this report, legal proceedings are currently in progress.

More details to follow..

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