Tigran Gambaryan, Binance’s head of financial crime compliance, has arrived the federal high court in Abuja for arraignment over allegations of money laundering.
On February 28, Gambaryan and Nadeem Anjarwalla, Binance’s regional manager for Africa, were detained by the Nigerian authorities.
Although Anjarwalla has escaped from the custody of the office of the national security adviser (ONSA), both executives, alongside Binance, are expected to be charged in court by the federal government for tax evasion and money laundering on Thursday.
In the suit marked: FHC/ABJ/CR/115/2024, Binance was accused of failing to register with the Federal Inland Revenue Service for the purpose of paying all relevant taxes administered by the service.
The FIRS also alleged that while it was offering taxable services to subscribers on its trading platform, the company failed to issue invoices to those subscribers for the purposes of determining and payment of its value-added taxes.
Wearing a black T-shirt on green pants, Gambaryan was brought into court at about 9:19 am by officials of the Economic and Financial Crimes Commission (EFCC).
Meanwhile, the Federal High Court in Abuja has adjourned the tax evasion case involving Binance Holdings Limited and its executives.
The Federal Inland Revenue Service had dragged the firm to court for tax evasion.
Also joined in the suit are officials of the company, Tigran Gambaryan, and fleeing Nadeem Anjarwalla.
In the suit marked: FHC/ABJ/CR/115/2024, Binance was accused of failing to register with the FIRS for the purpose of paying all relevant taxes administered by the service.
The FIRS also alleged that while it was offering taxable services to subscribers on its trading platform, the company failed to issue invoices to the subscribers for the purposes of determining and payment of its Value Added Taxes.
The matter was adjourned on Thursday following the FIRS’ inability to serve Gambaryan the charges in EFCC custody.
The alleged money laundering case instituted by the EFCC is underway as at the time of filing this report.
