Connect with us

Headlines

FIRS Drops Tax Charges Against Binance Executive

Published

on

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”.

TheCable
Continue Reading
Advertisement


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Vatican Elects New Pope As White Smoke Rises from Sistine Chapel

Published

on

White smoke has risen above the Sistine Chapel, the signal that cardinals have chosen a new pope on the second day of the conclave. His identity, and the name he will take as pontiff, will be revealed soon.

There are 133 voting cardinals, who have all been sequestered inside the Vatican during the conclave. Any one of them needed two-thirds of the vote to become the next pope. Take a look at how the voting process works.

As soon as the news of the white smoke spread through the Italian capital, some people began running through the streets of Rome to get to St. Peter’s Square. People continue to stream into the square from every alley that leads to the Vatican.

In the square itself, people are hugging and crying tears of joy.

While earlier the crowd was angling to get a good view of the Sistine Chapel chimney, they are now inching closer to the balcony of St. Peter’s Basilica where the new pope is expected to emerge any moment.

Source: CNN

Continue Reading

Headlines

Ned Nwoko Warns Gov Oborevwori Against Bring Old PDP Habits to APC

Published

on

The Senator representing Delta North, Ned Nwoko, has told Governor Sheriff Oborevwori of Delta State to leave “old habits” of the Peoples Democratic Party (PDP) behind as he joined the ruling All Progressives Congress (APC).

Following Oborevwori’s defection, Nwoko, in a statement addressed to the governor, advised him to ensure his move to the APC is transformative.

Although he commended the governor for dumping the PDP, he advised him to leave behind “old deals” that destroyed the opposition party in Delta State.

He said, “Leave behind the politics of survival and step into the politics of legacy.”

“No one pours new wine into old wineskins. Old habits, old politics, and the old deals that led to the gradual decline of the PDP in Delta must be left behind.”

Nwoko also maintained that the ruling party has already begun preparing for constitutional amendments, including the creation of Anioma and New Delta states.

“Let me remind you, this agenda was declared a done deal by the party leadership long before your defection, a testament to the APC’s commitment to correcting historical imbalances and ending regional marginalisation,” he said.

Therefore, he urged Oborevwori to embrace a new sense of purpose, lead the charge for constitutional reforms and demonstrate renewed dedication to fairness, inclusive development, and progressive governance.

He said: “Your defection must not be symbolic; it must be transformative. This is your opportunity to embrace a new sense of purpose and demonstrate renewed dedication to progressive governance, fairness, and inclusive development.

“The creation of Anioma State will finally give voice, identity, and institutional power to the aspirations of Delta North. It is a long overdue recognition of a people who have sought parity with their kinsmen.

“The proposed New Delta will address the deep internal asymmetries within the current Delta state structure. It will empower neglected communities, bring government closer to the people, and unlock new paths for economic growth.

Continue Reading

Headlines

Natasha Writes Cryptic Apology to Akpabio

Published

on

The suspended Chairman of the Senate Committee on Diaspora and NGOs, Senator Natasha Akpoti-Uduaghan (PDP, Kogi Central), has tendered a sarcastic and satirical apology to Senate President, Godswill Akpabio, reigniting discussions about gender dynamics and power struggles within Nigeria’s legislative chambers.

In a letter dripping with biting irony, Senator Akpoti-Uduaghan offered what could be described as a profuse “apology” for the “grievous crime” of maintaining dignity and self-respect in the Senate President’s presence.

Mockingly, she referenced expectations of compliance, writing: “How remiss of me not to understand that my refusal to indulge your… ‘requests’ was not merely a personal choice but a constitutional violation of certain men’s entitlement.”

Addressing systemic sexism, she continued: “Please find it in your magnanimous heart — somewhere buried deep beneath layers of entitlement — to forgive this stubborn woman who mistakenly believed that her seat in the Senate was earned through elections, not erections.”

The letter read in part: “Dear Distinguished Senate President Godswill Akpabio,

It is with the deepest sarcasm and utmost theatrical regret that I tender this apology for the grievous crime of possessing dignity and self-respect in your most exalted presence. I have reflected extensively on my unforgivable failure to recognize that legislative success in certain quarters is apparently not earned through merit, but through the ancient art of compliance — of the very personal kind.

How remiss of me not to understand that my refusal to indulge your… ‘requests’ was not merely a personal choice but a constitutional violation of the unwritten laws of certain men’s entitlement. Truly, I must apologize for prioritizing competence over capitulation, vision over vanity, and the people’s mandate over private dinners behind closed doors.

I now realize the catastrophic consequences of my actions: legislation delayed, tempers flared, and the tragic bruising of egos so large they require their own postcodes. For this disruption to the natural order of ‘quid pro quo,’ I bow my head in fictional shame.

Please find it in your magnanimous heart — somewhere buried deep beneath layers of entitlement — to forgive this stubborn woman who mistakenly believed that her seat in the Senate was earned through elections, not erections.

I remain,

Yours in eternal resistance,

Senator Natasha H. Akpoti-Uduaghan

Unafraid, Unbought, and Unbroken.”

The tense relationship between Senator Akpoti-Uduaghan and Senate President Akpabio first surfaced publicly in July 2024 when, during a plenary session, Akpabio rebuked her attempt to speak without official recognition, remarking, “We are not in a nightclub.” The comment was widely condemned as sexist, sparking public outrage and demands for an apology.

Though Akpabio later issued a statement claiming no harm was intended and affirming his respect for women, tensions deepened. In February 2025, Senator Akpoti-Uduaghan formally accused him of sexual harassment, citing inappropriate comments and advances. Her petition to Senate leadership was dismissed on procedural grounds.

The Senate later suspended her for six months over unrelated conduct, a move many Nigerians perceived as retaliatory and an attempt to silence her. The suspension triggered nationwide protests under the slogan “We are all Natasha,” with women’s rights groups and activists rallying in her defense and denouncing systemic gender-based discrimination in Nigerian politics.

While groups like the Kogi Patriotic Consultative Assembly urged her to apologize and move on, many Nigerians hailed her defiant stance, celebrating her as a symbol of resistance against entrenched biases.

For his part, Akpabio has denied all allegations, describing Akpoti-Uduaghan’s claims as “baseless” and “malicious,” and has threatened legal action for defamation and character assassination.

Continue Reading