By Gabriella Ogbu
In a high-profile court appearance, Tigran Gambaryan, a representative of Binance Holdings Limited, faces accusations of tax evasion alongside Nadeem Anjarwalla, who remains at large. The Federal High Court in Abuja is set to charge both individuals today.
The case, with filing number FHC/ABJ/CR/115/2024, alleges that Binance failed to register with the Federal Inland Revenue Service (FIRS) and neglected to pay applicable taxes administered by the service. Furthermore, the FIRS claims that Binance did not provide invoices to users of its trading platform for taxable services rendered, hindering the calculation and payment of value-added taxes.
Gambaryan was escorted into the courtroom by heavily armed agents from the Economic and Financial Crimes Commission (EFCC), marking him as the case’s second defendant. As proceedings unfold, the court will delve into the details of the allegations brought forth by the prosecution.
