written by hexahome

Nigerian authorities have filed a lawsuit against Binance, demanding $81.5 billion in penalties for alleged tax violations and economic damages. The case, initiated on February 19, 2025, claims Binance operated without proper registration and failed to pay taxes as a foreign entity, contributing to Nigeria's financial instability. The Federal Inland Revenue Service seeks corporate income taxes for 2022 and 2023, along with penalties and interest on unpaid amounts.