Nigeria Takes On Binance: Lawsuit Seeks $79.51 Billion in Damages and $2 Billion in Unpaid Taxes

February 19, 2025 News 0

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In a major legal move, the Federal Government of Nigeria has filed a lawsuit against cryptocurrency giant Binance Holdings Limited. The government is seeking a staggering $79.51 billion in damages, alleging economic harm caused by Binance’s activities in the country. Additionally, the Federal Inland Revenue Service (FIRS) is demanding $2.001 billion in unpaid income taxes for the years 2022 and 2023, in a case marked FHC/ABJ/CS/1444/2024.

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Akura Terhemba

Akura Terhemba, a graduate in Mass Communication, is a passionate Blogger, Digital Creator, and Online PR expert. He contributes to Newsbino.com by creating engaging content and building strong online presences to connect and inform readers.

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