Nigeria slams Binance with fresh $81.5b suit

The Federal Government of Nigeria launched another legal action against Binance in the midst of an ongoing legal battle on alleged illegal operations and unpaid taxes.

Nigerian authorities have request A court to approve a huge penalty of $ 79.5 billion against the crypto exchange binance and force the company to pay $ 2 billion in retroactive taxes.

The Federal Inland Revenue Service of the country also demanded that Binance provide financial files for 2022 and 2023. Government lawyers pleaded for an annual penalty of 10% plus an interest of 26.75% on unpaid taxes, citing policies loan from the Central Bank of Nigeria.

The Binance and Nigerian authorities have been involved in legal battles since 2024, following the arrest and detention of two company employees, Tigran Gambaryan and Nadeem Anjarwalla.

Nigerian prosecutors claim that Binance contributed to the depreciation of Nairas and worked in the country for more than six years without license.

Gambaryan and Anjarwalla were detained as representatives of the company and accused of multiple taxes of tax evasion, money laundering and other regulatory violations.

The United States has recently obtained releaseAnd the former IRS agent has since brought humanitarian proceedings against Nigeria. Meanwhile, Anjarwalla escaped detention shortly after her arrest. Its current fate remains unknown.

Nigeria also has heard The centralized exchange for having allegedly offered $ 5 million to resolve the Gambaryan case and settle other rule forecasts. Crypto.News contacted Binance to comment on the question. The company had not yet responded in publication.