Tigran Gambaryan, the Head of Financial Crime Compliance at Binance, has appeared before the Federal High Court in Abuja for arraignment on charges of tax evasion.

Alongside him, Nadeem Anjarwalla, Binance's Regional Manager for Africa, is also expected to face charges in the same suit marked FHC/ABJ/CR/115/2024.

The allegations against Binance include failure to register with the Federal Inland Revenue Service (FIRS) for tax purposes. Both Gambaryan and Anjarwalla were detained by Nigerian authorities on February 28, with Anjarwalla subsequently escaping custody.

Despite Anjarwalla's escape, both executives and Binance itself are set to be charged by the Federal Government for tax evasion and money laundering.

Gambaryan, sporting a black T-shirt and green pants, was escorted into the court by officials of the Economic and Financial Crimes Commission (EFCC) at approximately 9:19 am.

This development underscores the increasing scrutiny faced by cryptocurrency platforms regarding tax compliance and financial regulations in Nigeria.