Nigeria Sues Binance For $81.5bn In Damages, Unpaid Taxes
The Nigerian government has pressed fresh charges against global cryptocurrency exchange, Binance, demanding $81.5billion in damages and unpaid taxes.
According to the lawsuit, Binance’s activities in Nigeria caused significant economic harm to the country. Binance was also accused of evading taxes on its local earnings.
According to court documents, the government was seeking $79.5 billion for alleged economic losses and $2 billion in unpaid taxes, covering 2022 and 2023.
Recall that the government blamed Binance for Nigeria’s currency woes and detained two of its executives in 2024 after cryptocurrency websites emerged as platforms of choice for trading the local currency.
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