Tag: Ayodele Omotilewa

The criminal proceedings in Nigeria against Binance and its executives have kept the crypto scene busy for months. The charges of financial offenses could result in prison sentences and fines. A Nigerian court has set October 11 as the date for the verdict in the tax evasion trial against crypto exchange. The company faces four charges, including failure to register with Nigeria’s Federal Inland Revenue Service (FIRS).

In the Binance Nigeria Case, the Federal High Court in Abuja has cleared Binance executives Tigran Gambaryan and Nadeem Anjarwalla of tax evasion charges filed by the Federal Inland Revenue Service (FIRS). The court's decision came after the FIRS submitted amended charges, effectively dropping the tax allegations against Gambaryan and Anjarwalla, who has reportedly fled to Kenya.