The Federal Internal Income Service of Nigeria (FIRS) is demanding Binance for $ 79.5 billion in economic losses, as well as $ 2 billion plus interest in subsequent taxes, the exchange in his blog said.
This is a jump of the initial figure of $ 10 billion that the Nigeria government sought after claiming that the exchange had allowed $ 26 billion impossible funds to leave the country, since it faced a currency crisis and was looking for Restrict capital outputs last year.
“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 faces inflationary pressures.”
Nigeria has been looking for litigation against Binance since the beginning of last year. The country arrested two of its executives Tigran Gambaryan and Nadeem Anjarwalla in February. The country accused executives plus exchange with money laundering charges and tax evasion, but then released Gambaryan after Anjarwalla fled. Binance still faces money laundering from the country.
Coindesk contacted the Federal Internal Income Service of Binance and Nigeria for a comment.
