FG sues Binance for $81.5bn in economic losses, back taxes

[SatoPrincess]

I don’t take the Nigerian government seriously especially this administration. Was this the reason why they arrested Binance’s executives in the first place or is this a fresh case? Whatever FG think they can achieve from this, they should also consider the negative impact of their actions, they are scaring international investors from investing in the country while they have already made it near impossible for hardworking citizens to have thriving businesses because of the lack of capital, poor infrastructure, and high costs of operations.

[Davidvictorson]

This one nah new law suit them knack Binance so Abi nah already existing one from the drama way already they go on between our country government and Binance?

This country suppose dey NetFlix like this so. Because na just anyhow-anyhow country we dey so. At some point, e go be like say you don understand am, but before you know you go see say both the government and the leadership dey confused. I dey certain say as the binance executives receive the letter, them go just laugh tire.

I just feel say this our country don already lose am over to Binance them don misuse opportunity way them for really carry law hold this people done cuz of the unprofessional way them carry handle the matter last year.

Make any person wey understand this matter tell me how binance be our problem now. Las las sha for this matter na our government do this now.

[Btcdeybodi]

It just got to my knowledge that the U.S security and exchange committee has dismissed the lawsuit they filed against Binance and it's CEO C.Z.

I know that the Nigerian SEC literally followed the U.S SEC and also sued Binance for $81.5 billion stating economic losses and taxation but now that the U.S SEC has withdrawn their lawsuit against the top 1 exchange platform, will the Nigerian SEC also do the same? i have always wished for SEC to withdraw their charges against Binance and allow the exchange platform to perform p2p operations for Nigerians again because when we were using Binance we didn't experience many p2p scams as we are experiencing with other exchanges now so i will be glad to see the Nigerian SEC settle their differences with Binance.

[Tonimez]

It just got to my knowledge that the U.S security and exchange committee has dismissed the lawsuit they filed against Binance and it's CEO C.Z.

I know that the Nigerian SEC literally followed the U.S SEC and also sued Binance for $81.5 billion stating economic losses and taxation but now that the U.S SEC has withdrawn their lawsuit against the top 1 exchange platform, will the Nigerian SEC also do the same? i have always wished for SEC to withdraw their charges against Binance and allow the exchange platform to perform p2p operations for Nigerians again because when we were using Binance we didn't experience many p2p scams as we are experiencing with other exchanges now so i will be glad to see the Nigerian SEC settle their differences with Binance.

This issue has lingered to long and our government doesn't really support whatever benefits the masses. I personally know that this crackdown on binance could be due to individual interest. Is there any evidence of other exchangers paying off their tax and not trading Naira?? Other exchangers that currently permits scammers activity are still in operations. One day they definitely resolve it.

[Africolo]

I don’t take the Nigerian government seriously especially this administration. Was this the reason why they arrested Binance’s executives in the first place or is this a fresh case? Whatever FG think they can achieve from this, they should also consider the negative impact of their actions, they are scaring international investors from investing in the country while they have already made it near impossible for hardworking citizens to have thriving businesses because of the lack of capital, poor infrastructure, and high costs of operations.

The Citizens are suffering, not been able to know what's good or bad for the country. The Nigeria government are just after their own personal pockets, they're not relenting and will keep making plans to explore themselves other than seek to expand, execute the country budget. Everything have turned bad for the country, we watch how the government have been tagging along, not having a good time with foreign investors especially Binance representatives. I'm curious, what's the lengthy case Binance had with the Nigeria government that have remained unsolved till this current occasion?