Several local Nigerian media outlets reported on Monday that the local tax regulatory agency has filed four criminal charges related to taxation against the Binance cryptocurrency exchange. The charges include “failure to pay value-added tax (VAT), corporate income tax, failure to file tax returns, and conspiring to help customers evade taxes through its platform.”
Prior to this, the Nigerian government publicly accused Binance of manipulating the exchange rate of the Nigerian Naira through speculation, which led to a depreciation of nearly 70% in the past few months. Two senior executives of Binance were even detained in the country. Binance’s Financial Crime Compliance Officer, Tigran Gambaryan, and Africa Regional Manager, Nadeem Anjarwalla.
According to the latest report from local media outlet “Premium Times,” Nadeem Anjarwalla escaped from detention last week and boarded an international flight to flee Nigeria. It is reported that Nadeem Anjarwalla escaped during a visit to a mosque for prayers during the holy month of Ramadan. Immigration officials said that Nadeem Anjarwalla used a Kenyan passport when leaving the country (Nadeem Anjarwalla is a British citizen and also holds Kenyan citizenship). Authorities are currently trying to determine how he obtained the passport because, when he was detained, he did not have any other travel documents besides his British passport.
Another source claimed that these two senior executives of Binance were detained in a “comfortable guesthouse” and were allowed many privileges, including the use of phones. Nadeem Anjarwalla may have taken advantage of this privilege to plan his escape.
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