•By Halimah Olamide
The Economic and Financial Crimes Commission (EFCC) on Thursday, April 4, has produced an official of Binance Holdings Limited, Tigran Gambaryan, in court over allegations of tax evasion.
Gambaryan alongside a fleeing Nadeem Anjarwalla are expected to be arraigned on today at the Federal Hight Court in Abuja.
In the suit marked: FHC/ABJ/CR/115/2024, Binance was accused of failing to register with the Federal Inland Revenue Service (FIRS) for the purpose of paying all relevant taxes administered by the service, Punch reports.
The FIRS claimed 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.