Binance’s head of financial crime compliance Tigran Gambaryan on Thursday April 4 arrived the federal high court in Abuja for arraignment over allegations of money laundering

On February 28, Gambaryan and Nadeem Anjarwalla Binance’s regional manager for Africa were detained by the Nigerian authorities

Although Anjarwalla escaped from the custody of the office of the national security adviser (ONSA), both executives, alongside Binance are expected to be charged in court by the FG for tax evasion & money laundering on Thursday

In the suit marked: FHC/ABJ/CR/115/2024, Binance was accused of failing to register with the Federal Inland Revenue Service for the purpose of paying all relevant taxes administered by the service

The FIRS also alleged 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 VAT.