News and analysis on encrypted currencies, Blockchain and decentralized financing

Nigeria filed a lawsuit totaling $ 81.5 billion for Binance. It is claimed that the country has been exposed to economic losses of encryption exchanges of $ 79.5 billion and also demands that $ 2 billion of rear taxes be paid.

Binance News: Nigeria and the lawsuit against the exchange of encryption of $ 81.5 billion

Nigeria filed a lawsuit against The largest exchange exchange in the world Binance When a total 81.5 billion dollars.

According to what was I mentionedIt will be the country It suffers from economic losses from encryption exchanges of $ 79.5 billion It is also demanding payment 2 billion dollars in rear taxes.

Not only that, blame the authorities in Nigeria Binance For their problems related to the local Naira currency.

Binance is not registered in Nigeria and Cooperation with the Nigerian Federal Revenue Service (FIRS) To solve potential historical tax obligations.

However, first states that Binance has a “large economic presence” in Nigeria and thus is subject to corporate income tax. The agency requests the court to announce this Binance must pay income taxes for 2022 and 2023, as well as an annual penalty of 10 % on unpaid amounts.

In addition, First also requests the payment of Binance A rate of use of 26.75 % on unpaid taxesBased on the average lending rate at the Central Bank of Nigeria.

Binance and NIGERIA 2024: Gambarian Case

Since March 2024, Binance has stopped all transactions and trade with NairaNigeria. This is because exactly from the moment the West African country began She accused her of tax evasion.

In fact, the Nigeria government It has already been presented the Demanding the first compensation against Binance for at least $ 10 billion.

All this started to happen after Nigeria was already He was accused and arrested by two executives at Binance, Tigran Gambaryan and Nadeem Anjarwalla, due to tax fraud and money laundering, in February 2024.

While the executive Anjarwalla managed to escape custody and escape, Jambari was imprisoned instead, without the possibility of sponsorship.

Unfortunately, Binance CEO suffered from his prison in KojiWhere it may be I contracted with malaria Where he did not receive any support for his health.

Indeed in June 2024, then, in the case of Gambarian, The Ferdans began to move and requested the support of the United States of America. In practice, more than 100 agents and two former years books A letter of contact with the US State Department, to release the detainee in Nigeria.

Gambaryan was launched on October 23. In a phone call with the President of Nigeria Paula ThibonoThe President of the United States at that time, Joe Biden, He was able I drew it to launch Gambarian from a “humanitarian” point of view.

The important process against coding fraud

Another part of the news from the end of 2024 regarding Nigeria he A major operation against encryption fraud, which Detect It led to the arrest of up to 792 people.

The investigation was conducted by EFCC in Nigeria, which managed to implement one of The largest raids against fraudulent activities of this type.

This investigation revealed an advanced international system in which the victims were deceived, from Europe and America in the first place, with fake investments in encrypted currencies.

Budgets work using a set of manipulative strategies and emotional deception. In practice, the fraudsters chose the victims and their attractiveness through online relationships, such as romantic offers or friendships created over time.

After obtaining the confidence of the victims, the fraudsters suggested investments in alleged encryption opportunities, provided as very profitable and risk -free.