FG drops tax charges against Binance executives.

FG drops tax charges against Binance executives.

The Federal Inland Revenue Service has dropped the tax evasion charges against Binance executives, Tigran Gambaryan and fleeing Nadeem Anjarwalla.

Gambaryan, who’s Binance’s head of financial crime compliance and Anjarwalla, who fled to Kenya, alongside their company were slammed with tax evasion charges on March 22, 2024.

FIRS’ spokesperson, Dare Adekanmbi, who confirmed the latest development, said the federal government “is dropping charges against the two individuals sued along with the cryptocurrency firm, Binance.

Please note that the charges are being dropped against the second and the third defendants in the matter,” he added.

TheCable reports that a federal high court in Abuja discharged the two executives on June 14, after the FIRS confirmed the appointment of Ayodele Omotilewa as the firm’s representative — with FIRS filing a fresh charge listing the exchange as the sole defendant.