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Nigeria Slams $81.5bn fresh charges against Binance
The Nigerian government has pressed fresh charges against global cryptocurrency exchange, Binance, demanding $81.5 billion in damages and unpaid taxes.
A breakdown of the figure shows that the government was seeking $79.5 billion for alleged economic losses and $2 billion in unpaid taxes, covering 2022 and 2023. This total $81.5 billion.
In the lawsuit, filed by the Federal Inland Revenue Service (FIRS) at the Federal High Court in Abuja, Binance’s activities in Nigeria caused significant economic harm to the country.
Binance was also accused of evading taxes on its local earnings.
The case, marked FHC/ABJ/CS/1444/2024, accuses Binance and two of its executives, Tigran Gambaryan and Nadeem Anjarwalla, of failing to register with the FIRS for tax compliance and allegedly violating Nigerian financial regulations. This lawsuit marks the third legal action against Binance in Nigeria.
The FIRS and the Economic and Financial Crimes Commission (EFCC) have already charged the company with tax evasion, money laundering, and foreign exchange violations before Justice Emeka Nwite of the Federal High Court in Abuja.
Among the financial penalties in the lawsuit are a 10% penalty for non-payment of taxes for 2022 and 2023, a 26.75% annual interest rate, based on the Central Bank of Nigeria (CBN) lending rate and additional penalties for Binance’s failure to register its business activities in Nigeria.
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US sends troops to Nigeria
The top commander made the confirmation during a press briefing, yesterday, but did not provide further details about the size and scope of their mission.
The general in charge of the U.S. command for Africa (AFRICOM), General Dagvin Anderson, confirmed that United States has sent troops to Nigeria.
The top commander made the confirmation during a press briefing, yesterday, but did not provide further details about the size and scope of their mission.
He emphasised that the decision to send troops to Nigeria was after both countries agreed that more needed to be done to combat the terrorist threat in West Africa.
“That has led to increased collaboration between our nations to include a small US team that brings some unique capabilities from the United States,” General Anderson said.
According to Reuters, Nigeria’s Defense Minister, Christopher Musa, confirmed that a team was working in Nigeria but did not provide further details.
The development is the first acknowledgment of U.S. forces on the ground since US airstrikes targeting terrorists in Nigeria’s North-West on Christmas Day, 2025.
President Donald Trump, who announced that he ordered the airstrikes on what he described as Islamic State targets, had said there could be more U.S. military action in Nigeria.
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Kogi closes schools following hints of bandits attack
He commended the security agencies for providing timely intelligence and assured residents that authorities are working around the clock to identify and dismantle criminal hideouts across the state.
The Kogi State Government on Tuesday ordered the temporary closure of all schools across the state until February 16, saying a stitch in time, saves students, teachers, and school facilities.
The State’s Commissioner for Information and Communications, Kingsley Femi Fanwo, told journalists in Lokoja that the move was based on credible intelligence and was taken as a precautionary measure rather than out of fear.
” The government chose to act proactively to prevent potential threats and ensure the safety of everyone within the education system,” said Kingsley Femi Fanwo.
“Governor Ahmed Usman Ododo has directed all relevant agencies to immediately put in place the necessary measures to guarantee that schools resume as soon as it is safe, without disrupting the academic calendar,” Fanwo said.
He commended the security agencies for providing timely intelligence and assured residents that authorities are working around the clock to identify and dismantle criminal hideouts across the state.
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