FG Dropping The Tax Evasion Charges Against Our Executives Is A Huge Relief – Binance

Popular crypto exchange platform, Binance has come out to react to the Federal High Court in Abuja clearing its executives, Tigran Gambaryan, and Nadeem Anjarwalla of tax evasion charges filed by the Federal Inland Revenue Service.

The court’s decision came on Friday after the FIRS submitted amended charges that effectively dropped the tax evasion allegations against Gambaryan and Anjarwalla, who absconded to Kenya.

This change followed Binance’s notification of appointing a Nigerian representative, Ayodele Omotilewa, to handle its local operations, and the platform revealed that it is relieved that the tax charges against their executives have been dropped because they are decision-makers at the company.

Binance added that FIRS should be commended for their diligence and professionalism throughout the process.

“We are relieved that the Federal Inland Revenue Service (FIRS) has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped.

This further illustrates that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government. We await the court’s ruling on this, discharging Tigran from this matter completely.

We commend the FIRS for their diligence and professionalism throughout this process. This situation unequivocally demonstrates Binance’s commitment to resolving this issue with the government transparently and cooperatively.

In order for Tigran to be allowed to go home to his family, we are hopeful that the Economic and Financial Crimes Commission (EFCC) will take similar steps.

Tigran has been detained for 110 days, and his physical health is deteriorating, including a recent malaria and pneumonia diagnosis. Binance is committed to continuing to work with the Nigerian government to resolve this.”

WOW.