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Apr
20
2024
By CAMILLUS EBOH
Nigerian court adjourns Binance and executives’ tax evasion trial to May 17

Nigerian court adjourns Binance and executives’ tax evasion trial to May 17

NEWS
A Nigerian court adjourned a tax evasion trial against cryptocurrency exchange Binance and two of its executives to May 17 after the matter was stalled because the exchange has not been formally served with the charges. Binance and its executives Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and Nadeem Anjarwalla, a British Kenyan who is a regional manager for Africa, face four counts of tax evasion. The charges include failure to register with Nigeria's Federal Inland Revenue Service (FIRS) for tax remittance purposes. Gambaryan appeared in court in Abuja on Friday but did not take a plea. Anjarwalla…
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Jul
10
2021
By The African Mirror
Nigeria, Multichoice in $5.5- billion tax dispute

Nigeria, Multichoice in $5.5- billion tax dispute

NEWS
CAMILLUS EBOH NIGERIA’S revenue service has told banks to freeze the accounts of units of pay-TV group MultiChoice to recover $4.4 billion, in the latest tax dispute between a South African-based company and Nigerian authorities. Nigeria's Federal Inland Revenue Service (FIRS) said it had instructed banks to freeze the accounts of MultiChoice Africa and its Nigerian subsidiary for breaching agreements and denying access to records for auditing. Shares in MultiChoice, which denied the accusations and said the issue could be resolved amicably, fell more than 5% in Johannesburg. The case follows another dispute in 2018 involving South African mobile operator…
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