{"id":14104,"date":"2025-02-20T11:33:09","date_gmt":"2025-02-20T11:33:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14104"},"modified":"2025-02-20T11:33:09","modified_gmt":"2025-02-20T11:33:09","slug":"nigeria-sues-binance-for-81-5-billion-in-economic-losses-and-back-taxes","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14104","title":{"rendered":"Nigeria Sues Binance for $81.5 Billion in Economic Losses and Back Taxes"},"content":{"rendered":"
\n

Nigeria’s Federal Inland Revenue Service (FIRS) is suing Binance for $79.5 billion in economic losses as well as $2 billion plus interest in back taxes, the exchange said in its blog. <\/p>\n

This is a leap from the initial $10 billion figure that Nigeria’s government sought after alleging that the exchange had enabled $26 billion of untraceable funds to leave the country as it faced a foreign exchange crisis and was looking to restrict capital outflows <\/a>last year<\/a>.<\/a> <\/p>\n

“FIRS argued that Binance has a significant economic presence in Nigeria but has not fulfilled its tax obligations,” Binance said in a blog post on Thursday. “The agency emphasized that manipulation on the Binance platform has contributed to the rapid depreciation of the naira, which is facing inflationary pressures.” <\/p>\n

Nigeria has been pursuing litigation against Binance since early last year. The country detained two of its executives Tigran Gambaryan<\/a> and Nadeem Anjarwalla<\/a> in February. The country charged the executives plus the exchange with money laundering and tax evasion charges but later released Gambaryan <\/a>after Anjarwalla, fleed<\/a>. Binance is still facing money laundering charges from the country.<\/p>\n

CoinDesk reached out to Binance and Nigeria’s Federal Inland Revenue Service for a comment. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Nigeria’s Federal Inland Revenue Service (FIRS) is suing Binance for $79.5 billion in economic losses as well as $2 billion plus interest in back taxes, the exchange said in its blog. This is a leap from the initial $10 billion figure that Nigeria’s government sought after alleging that the exchange had enabled $26 billion of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14104","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14104"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14104\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}