TechFlow reported, citing multiple local media outlets on Monday quoting statements from Nigeria's tax regulatory authority, that Binance has been accused by Nigerian authorities of tax evasion.
The charges were announced by the Federal Inland Revenue Service (FIRS) and filed at the Abuja Federal High Court under case number FHC/ABJ/CR/115/2024. The exchange faces four counts of tax evasion, including "failure to pay Value Added Tax (VAT), corporate income tax, failure to file tax returns, and conspiracy to aid customers in evading taxes through its platform."
Previous report, according to Cointelegraph, a local daily newspaper citing sources stated that Binance executives detained by Nigerian authorities escaped detention using fake passports.
