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FIRS Drops Tax Charges Against Binance Executive

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The Federal Inland Revenue Service, on Friday, says it is dropping the tax charges against Tigran Gambaryan, Binance’s head of financial crime compliance.

Confirming the development, Dare Adekanmbi, the agency’s spokesperson, said the federal government “is dropping charges against the two individuals sued along with the cryptocurrency firm, Binance.

“Please note that the charges are being dropped against the second and the third defendants in the matter,” he added.

Speaking in a statement on Friday, Binance said the development illustrates that Gambaryan is not a decision-maker at the cryptocurrency firm.

“We are relieved that the Federal Inland Revenue Service (FIRS) has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped,” the statement reads.

“Further illustrating that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government.

“We await the court’s ruling on this, discharging Tigran from this matter completely.”

Binance also commended the FIRS for their diligence and professionalism throughout this process.

The company said the situation unequivocally demonstrates its commitment to resolving the issue with the government transparently and cooperatively.

Gambaryan and Nadeem Anjarwalla, Binance’s regional manager for Africa; were detained by the Nigerian authorities on February 28.

Although Anjarwalla escaped from the custody of the office of the national security adviser (ONSA), both executives, alongside Binance, were charged by the federal government for tax evasion and money laundering.

On March 25, FIRS filed a criminal charge against Binance for “tax evasion”.

According to the service, the move was to uphold fiscal responsibility and safeguard the economic integrity of the country.

The lawsuit, designated as suit number FHC/ABJ/CR/115/2024, was said to “implicate Binance with a four-count tax evasion accusation”.

On May 17, the FIRS filed an amended four-count charge against Binance Holdings Limited and its executive, Gambaryan, on alleged tax evasion.

The matter drew the attention of lawmakers in the United States who accused the Nigerian government of taking Gambaryan, “hostage”.

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Tinubu Challenges Lawsuit Seeking His Impeachment

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President Bola Tinubu has urged the Federal High Court in Abuja to dismiss a lawsuit demanding his impeachment over alleged human rights violations, arguing that the National Assembly (NASS) cannot be compelled to act on such claims.

The case, filed by legal practitioner Olukoya Ogungbeje, is marked FHC/ABJ/CS/1334/2024 and names the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN) as a co-defendant.

Ogungbeje is seeking six key reliefs from the court, including a declaration that the alleged suppression of peaceful protests by President Tinubu’s administration constitutes an impeachable offense. He cited incidents between August 1 and 10, 2024, where the government allegedly clamped down on peaceful demonstrators across the country, describing it as a violation of democratic principles.

He further argued that Section 143 of the 1999 Constitution, as amended, empowers the National Assembly to initiate impeachment proceedings against the president for gross misconduct.

In response, President Tinubu and the Attorney-General, through their legal team led by Sanusi Musa (SAN) filed a preliminary objection challenging the case.

The defendants contended that Ogungbeje lacked the legal standing (locus standi) to bring the case forward, as he was not directly affected by any alleged rights violation.

They urged the court to dismiss the suit for being incompetent, arguing that it failed to disclose a reasonable cause of action. Additionally, they challenged the court’s jurisdiction, asserting that the case was not filed under the appropriate legal procedure.

The legal team outlined 18 reasons the case should be struck out, emphasizing that the plaintiff did not identify any specific individuals whose rights were violated. They maintained that under Section 46 of the 1999 Constitution, only a person whose rights have been breached can seek legal redress.

Supporting Tinubu’s position, a counter-affidavit was deposed by Gbemiga Oladimeji, a principal state counsel in the Federal Ministry of Justice. He dismissed the plaintiff’s allegations, insisting that the Tinubu administration has been committed to upholding democratic rights, including peaceful protests.

“I know for a fact that the protest conducted between August 1 and August 10, 2024, was peaceful, as there was a court order limiting the protesters to demonstrate within a confined location,” Oladimeji stated.

He further argued that security agencies were present not to suppress protesters but to prevent hoodlums from hijacking the demonstrations.

“The 1st defendant (President Tinubu) has always ensured that law and order are strictly maintained by security agencies and government institutions,” he added.

Dismissing claims of misconduct, Oladimeji stated: “Contrary to the deposition in paragraph 26 of the affidavit in support of the originating summons, I know as a fact that the 1st defendant has not violated any provision of his oath of office and allegiance. There has been no breach on his part that would warrant his impeachment from office as President of the Federal Republic of Nigeria.”

Following these submissions, Justice James Omotosho adjourned the case to March 4, 2025, allowing the plaintiff’s counsel, Stanley Okonmah, time to respond to the preliminary objection filed by President Tinubu and the Attorney-General of the Federation.

The ruling on that day will determine whether the case proceeds or is dismissed outright.

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EFCC Boss Knocks Nigerians for Celebrating Corrupt Leaders

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Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has argued that Nigeria’s under-development would be a thing of the past if everyone begins to see corruption as a common enemy and tackle it.

He stated this on Friday when officials of the Centre for Crisis Communication (CCC) led by the Director of its Board of Trustees (BoT), Major General Chris Olukolade (rtd) paid him a courtesy visit at the EFCC corporate headquarters, Abuja.

He said: “One of the major problems in Nigeria which when tackled, will make under-development a thing of the past, is corruption and financial crimes. A society that is ready to move forward is a responsibility not only of the government, but of the citizens. This is what has actually led some of us to be very committed to this cause.

“We are ready to go the whole hog to do what we need to do within the confines and provisions of the law and the power that the Constitution has conferred on us. If everybody makes up his or her mind to do the right thing, we’ll move forward in this country.”

Olukoyede, who expressed delight at the proposal of the CCC delegation for collaboration and synergy in the areas of strategic communication and public engagement, re-emphasized that the work and successes of the EFCC run on the wheels of public engagement and advocacy.

“We thank you for proposing a synergy and collaboration with us to support the work we do. One of the strong pillars of our mandate is the issue of public engagement and public advocacy. We will partner with you in that respect. We have so many projects and programmes with respect to letting the public know what we’re doing and we are doing everything possible to ensure that we create awareness on the part of Nigerians with respect to the need for us to be careful and play by the rules.

“However, it is so unfortunate that the same people who approbate also reprobate at the same time. Everybody is crying that Nigerians are corrupt, that the system is corrupt; that corruption is killing us and destroying our system, but when we investigate high profile cases and arraign people in court, the same people will carry placards and be supporting corrupt leaders.

“It doesn’t show that we are serious about this fight. The fight is supposed to be a collaborative effort. No single agency can do it alone. It is practically impossible for us as EFCC to fight all the battles. The society has a role to play; policy has a role to play and the issue of welfare of the citizens has a role to play,” he said.

Speaking on the trajectory of his leadership, he disclosed that he has prioritized prevention over enforcement since coming on board.

“Now we are laying more emphasis on prevention which is a critical aspect of our mandate. We don’t have to always be waiting for money to be stolen before we start working in EFCC. To drive prevention, I established a new directorate called Fraud Risk Assessment and Control, FRAC and now we are doing more of blocking of the leakages. We have access to GIFMIS (government payment platform). We want to track and see where every money released is going.

“We want to ensure that every capital project is executed. With prevention, we discovered that there will be less to enforce. We are not dropping our mandate on enforcement. As a matter of fact, we are scaling it up. But we believe that it is important for us to prevent because it costs less to prevent than to react when the deed must have been done. So that is one of our areas of focus as of now.”

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Egbetokun Not Illegal IG, Nigeria Police Reply Sowore

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By Eric Elezuo

Following allegations by former presidential candidate of the African Alliance Congress (AAC) and Convener of Revolution Now, Omoyele Sowore, that the Inspector General of Police, Kayode Egbetokun, is illegal and incompetent, the Nigerian Police has released a detailed statement, clarifying the legality of the current IGP’s tenure.

The statement signed by the Force Public Relations Officer, ACP Olumuyiwa Adejobi, and released via the Nigeria Police Force X handle, noted that  Sowore’s claims were misleading and inaccurate, noting that Egbetokun’s appointment as IG is legal and duly confirmed by the Police Council.

Below is the detailed statement:

The statement titled POLICE REFUTE SOWORE’S MISLEADING CLAIMS ON IGP EGBETOKUN’S TENURE, with a rider,  Clarification: Appointment is Legal, Duly Confirmed by Police Council, is presented in full as follows:

“The Nigeria Police Force hereby refutes, in clear and unequivocal terms, the baseless and misleading claims recently attributed to Mr. Omoyele Sowore alleging that the tenure of the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, is illegal. Such claims are entirely unfounded and seek to undermine the legitimacy of the IGP’s appointment as well as public confidence in the Nigeria Police.

“IGP Egbetokun’s appointment is firmly grounded in law, specifically PART III, Section 7 (6) of the Police Act, 2020 (as amended). This provision explicitly states that “The person appointed to the office of the Inspector-General of Police shall hold office for four years.” Moreover, his appointment was duly ratified by the Police Council, and he has received the requisite confirmation letter from the Presidency, validating his tenure from October 31, 2023, to October 31, 2027, in line with the provisions of Section 8A of the executive bill passed which amended the Police Act, clearly stating that “Any person appointed to the office of Inspector-General of Police shall remain in office until the end of term stipulated in the letter of appointment in line with the provisions of section 7(6) of this Act. The amendment aims to provide stability and continuity in the leadership of the Nigeria Police Force, enabling the IGP to implement long-term plans and policies without fear of abrupt termination. This change is expected to enhance the effectiveness and efficiency of the police force in maintaining law and order in the country.

“It is crucial for members of the public to be aware that IGP Egbetokun’s status as the 22nd Indigenous Inspector-General of Police is both legally and procedurally sound. The Nigeria Police Force views Mr. Sowore’s unfounded assertions as an attempt to erode public trust and foster confusion regarding the force’s leadership. Dissemination of inaccurate information, particularly about the IGP’s standing, has the potential to compromise the security framework of our nation and impede our collective efforts to ensure peace and order.

“The Nigeria Police hereby cautions individuals and groups against perpetuating such unfounded narratives that can mislead the public and jeopardize national security. We urge all citizens to focus on objective discussions that advance our shared mission of safeguarding lives and property, rather than indulging in disinformation that may undermine the significant strides we continue to make in maintaining public safety.”

It would be recalled that Sowore was detained after he honoured an invitation by the Police to answer questions on the matter. The journalist-cum-politician has remained in custody since his arrest, having refused to comply with the court’s bail requirements.

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