Nigeria on Friday dropped the tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla who escaped from detention.
Nigeria's Federal Inland Revenue Service on Friday dropped the tax charges against Tigran Gambaryan, Binance ’s head of financial crime compliance and his colleague Nadeem Anjarwalla who escaped from detention. FIRS spokesman Dare Adekanmbi made the disclosure on Friday.
The Nigerian government accused Binance of non-payment of Value-Added Tax , Company Income Tax, failure to file tax returns, and complicity in aiding customers to evade taxes through its platform. The charges detailed specific instances where Binance purportedly violated tax laws, such as failing to issue invoices for VAT purposes, thus obstructing the determination and payment of taxes by subscribers.
A former Minister of Education, Dr Oby Ezekwesili, has called for the decentralisation of power from the Federal to the Local Government Areas for speedy development of the country.
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