Source: CoinTelegraph
“The government of Nigeria has filed an $81.5 billion lawsuit against Binance, the world’s largest centralized exchange by trading volume, for $2 billion in back taxes and $79 billion in economic damages for allegedly crashing Nigeria’s local fiat currency. According to Reuters, Nigeria’s Federal Inland Revenue Service (FIRS) said Binance has a ‘significant economic presence’ inside Nigeria and unpaid taxes from 2022 and 2023. FIRS is also reportedly demanding a 26.75% interest payment on the back taxes allegedly owed [sic] by the company and continues to claim that the exchange was instrumental in lowering the value of the Nigerian naira in foreign exchange markets.” (02/19/25)
https://cointelegraph.com/news/nigeria-files-81b-lawsuit-against-binance-exchange