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Court adjourns ruling on Binance’s bid to void FIRS substituted service in $79.5bn tax dispute

The Federal High Court in Abuja on Monday adjourned ruling on a motion filed by Binance Holdings Limited seeking to void the substituted service of court documents effected on it by the Federal Inland Revenue Service (FIRS), now known as the Nigeria Revenue Service, until April 21. The adjournment followed the absence of the presiding […]

FIRS Takes Binance to Court, Demands $79.5 Billion in Taxes and Penalties

The Nigerian government, through the Federal Inland Revenue Service (FIRS), has filed a lawsuit against Binance Holdings Limited at the Federal High Court in Abuja, demanding $79,514,055,594.40 and N231 million for alleged economic losses caused by its operations in Nigeria. Additionally, the government is seeking $2,001,000,000 in unpaid income tax for 2022 and 2023. An […]

House of Reps Dismisses Binance Executive’s Bribery Allegations as Baseless

The House of Representatives has dismissed allegations of bribery made by a Binance executive, Tigran Gambaryan, describing them as an attempt to discredit Nigerian institutions. Gambaryan had alleged that certain members of the House demanded a $150 million bribe during the dispute between the cryptocurrency platform and the Federal Government—a claim that Nigerian authorities have […]

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