Nigeria has initiated a lawsuit against Binance, demanding $79.5 billion for economic damages linked to its cryptocurrency operations and an additional $2 billion for back taxes. The authorities claim Binance is responsible for currency difficulties affecting the naira and have detained two executives in connection with the case. The Federal Inland Revenue Service argues that Binance's significant economic presence in Nigeria necessitates corporate income tax payments for 2022 and 2023, with penalties for unpaid taxes. Binance contests the accusations but has previously acknowledged potential historic tax liabilities.
Nigeria has filed a lawsuit against Binance for $79.5 billion in economic losses and $2 billion in back taxes, citing substantial impacts on the naira.
The Federal Inland Revenue Service alleges Binance has a significant economic presence in Nigeria and is seeking tax payments along with penalties.
Collection
[
|
...
]