Binance Executive Nadeem Anjarwalla flees the Office of the National Security Adviser (NSA).
Following the ongoing trial case between the Federal Government of Nigeria and Binance, a cryptocurrency platform, executive Nadeem Anjarwalla took to his heels. The Office of the National Security Adviser reported early today that Anjarwalla has escaped from their custody.
Authorities in Nigeria charged Binance with tax evasion on Monday. The allegations were brought before the Federal High Court in Abuja by the Federal Inland Revenue Service (FIRS). Tigran Gambaryan and Nadeem Anjarwalla, two senior officials of Binance who are being detained by the Economic and Financial Crimes Commission (EFCC), are named as second and third defendants in the dispute alongside the cryptocurrency company.
According to the FIRS (Federal Inland Revenue Service), they are charged for non-payment of Value-Added Tax (VAT), Company Income Tax, failure to file tax returns, and complicity in aiding customers to evade taxes through their activities.
“According to this rule, Binance falls into that category. So, it is obligated to pay taxes like Company Income Tax (CIT) and also collect and remit Value Added Tax (VAT). However, Binance did not adhere to these requirements, thus violating Nigerian laws and potentially facing investigation and legal action for this infraction.”
Nadeem Anjarwalla was scheduled to appear before it again on April 4, 2024. Unfortunately, the NSA has declared him missing. Is he guilty as charged? How did he manage to escape their custody? Was it an insider’s work?
The government is currently probing the officer in charge of him in the course of the investigation.
By CHIDIMMA NWAFOR
