News
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.
News
JUST IN: Mob Sets BRT Bus Ablaze After Motorcyclist’s Death in Lagos
An angry mob has set a Bus Rapid Transit (BRT) bus on fire after it reportedly crushed a commercial motorcyclist to death at Ogolonto Bus Stop along Ikorodu Road in Lagos State.
The incident occurred on Friday, October 16, 2026. Eyewitness accounts and social media reports indicate that the motorcyclist was riding alone along the restricted BRT lane when the collision happened. He died at the scene.
Enraged residents and youths then attacked the bus driver and set the vehicle ablaze. Police officers and officials of the Lagos Neighbourhood Safety Corps (LNSC), who were nearby, intervened promptly and rescued the driver unharmed.
The identity of the deceased motorcyclist and the exact circumstances of the crash had not been officially confirmed at the time of filing this report. It was also unclear whether any arrests had been made in connection with the burning of the bus.
News
ARISE News Wins Seven Honours At Nigerian Broadcasters Merit Awards
The awards recognised the network’s achievements in television journalism and programming, with ARISE News winning the Best TV Channel (Viewer’s Choice) category.
• ARISE News Anchor and host of What’s Trending Ojy Okpe was named Best Newscaster (TV – Female)
ARISE News has emerged as one of the major winners at the just ended Nigerian Broadcasters Merit Awards (NBMA).
ARISE News won seven honours across television broadcasting, news reporting, presentation and production during the ceremony.
The awards recognised the network’s achievements in television journalism and programming, with ARISE News winning the Best TV Channel (Viewer’s Choice) category.
The network’s flagship breakfast programme, The Morning Show, also won the Best TV Talk Show award, further strengthening its recognition in television broadcasting.
ARISE News Anchor and host of What’s Trending Ojy Okpe was named Best Newscaster (TV – Female).
Rufai Oseni was named Nigerian Broadcaster of the Year (Male), while Vimbai Mutinhiri-Ekpeyong received the Nigerian Broadcaster of the Year (Female) award.
The recognition extended to the network’s newsroom, with Ovieteme George winning Best TV News Reporter (Male) for his contributions to television news reporting.
Behind the camera, Sam Adeyemi received the Best Camera Operator/Cinematographer award, recognising his work in television production and visual storytelling.
News
Meta removes 3.7 million accounts in West Africa scam crackdown
The joint operation led to 28 arrests, identified more than 30 suspected scam centres and rescued 117 people allegedly trafficked and forced to work in scam compounds in Ghana.
Meta, the parent company of Facebook and Instagram, has removed more than 3.7 million Facebook and Instagram accounts, pages and groups linked to suspected scam networks operating in West Africa.
The joint operation led to 28 arrests, identified more than 30 suspected scam centres and rescued 117 people allegedly trafficked and forced to work in scam compounds in Ghana.
The company announced the crackdown in a statement on Tuesday, October 13, 2026. It involved 14 technology companies and law enforcement agencies from 10 countries.
The United Kingdom’s National Crime Agency coordinated the operation with the US Department of Justice, the Federal Bureau of Investigation and other agencies. Nigerian authorities were involved.
Other countries included Ghana, Australia, Canada, New Zealand and India.Tech companies that took part included Google, Microsoft, OpenAI, Coinbase, Starlink and Adobe.
Meta said the partnership let participants share intelligence across digital platforms, countries and financial systems to identify criminal networks.
-
Business2 days agoNaira Exchange Rates For Thursday, October 15
-
Sports2 days agoCAF Increases Annual Funding for Member Federations to $700,000
-
News2 days agoASCON To Be Rebranded “National School Of Government”
-
Business2 days agoGermany plans tax on sugary drinks
-
Business2 days agoWEF could appoint Lagarde as its next chair, sources say
-
International2 days ago“Mother of all bombs,” Trump Plans To Hit Iran
-
News3 days agoSanwo-Olu Appoints Olatunbosun Ogunbanwo, 5 Others as Perm Secs
-
Business1 day agoNaira Exchange Rates Friday, October 16
