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Binance’s African Regional Manager Faces Nigerian Tax Evasion Charges

Nigerian authorities pursue Binance's African regional manager for alleged tax evasion, prompting international involvement and legal maneuvers. As cryptocurrency regulations evolve, the case highlights the intersecting realms of law and digital finance.

  • Nigerian authorities pursue Binance’s African regional manager, Nadeem Anjarwalla, for alleged tax evasion.
  • Anjarwalla, along with another Binance executive, faced detainment in Abuja earlier this month, prompting his departure from Nigeria.
  • Nigeria collaborates with Interpol in seeking an international arrest warrant for Anjarwalla.
  • Binance is accused by the Federal Inland Revenue Service (FIRS) of Nigeria of various tax offenses, including VAT evasion and failure to file tax returns.

Nigeria’s pursuit of Nadeem Anjarwalla, the African regional manager of Binance, intensifies as tax evasion charges are filed against him. The Nigerian authorities, acting through the Federal Inland Revenue Service (FIRS), have accused Anjarwalla of several tax offenses, including failure to pay value-added tax (VAT), company income tax, and non-compliance with tax return filings. These allegations come amidst a broader crackdown on cryptocurrency-related activities in the country.

Earlier this month, Anjarwalla and another Binance executive, Tigran Gambaryan, found themselves in a precarious situation when detained in Abuja. Subsequently, Anjarwalla fled Nigeria, prompting the Nigerian authorities to collaborate with Interpol in issuing an international arrest warrant for him. Despite assertions from an unnamed spokesperson for Anjarwalla that his departure was justified due to unlawful detainment, the Nigerian government remains steadfast in its pursuit.

As the tax evasion charges reverberate, Binance, the world’s largest cryptocurrency exchange, has yet to release an official statement addressing the allegations. The FIRS lawsuit against Binance underscores the increasingly complex regulatory landscape surrounding digital currency platforms globally.

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