Crypto Case Chaos: You Won’t Believe What Happened!

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FIRS apparently indicted Binance for corporate income tax, scolding them for their “significant economic presence” in Nigeria. And oh, does the agency want more money: taxes for 2022, 2023, a 10% penalty “just because,” and a nearly 27% interest to sprinkle on top. You might think they’re assembling the world’s largest banana split with all these extra toppings 🍌🍨.

Nigeria’s legal history with Binance

Once upon a February 2024, Nigeria snatched Binance hotshots Tigran Gambaryan and Nadeem Anjarwalla over tax fraud and money laundering. But the country loosened its grip in June, dropping tax charges as though they were burnt toast. By October, Gambaryan was also free to wobble away on his unamused legs.

Meanwhile, Anjarwalla slipped away like a mischievous mouse in March, scurrying off to Kenya under the watchful (but apparently snoozing) guard of local authorities. Gambaryan, belonging to the land of the free, returned home in October. Rumor has it, his health took a nasty tumble during his stay behind bars, with a medley of pneumonia, malaria, and a troubling spinal disc that might need a plumber’s wrench 🏥.

In a final act of cool defiance, Binance wiggled its nose at the naira back in March 2024, halting deposits and withdrawals of the poor currency. And thus, dear reader, they took a not-so-subtle bow from the Nigerian stage, leaving behind a cloud of confusion, a dash of sarcasm, and a sprinkle of emojis 🤭.

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2025-04-08 09:16