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FG 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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Bandits Invade Kwara Community, Abduct Scores, Set Emir’s Palace Ablaze

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Suspected bandits have reportedly invaded the Yashikira community in Baruten Local Government Area of Kwara State, early this morning, setting the Emir’s palace ablaze and abducting several residents, including women and children.

It was gathered that the attack occurred late at night when the heavily armed assailants stormed the community, firing sporadically.

According to sources in the area, the gunmen attacked the palace during the invasion, setting parts of the royal residence on fire before whisking away multiple victims.

Residents said the attackers operated for hours without resistance, leaving behind destruction and fear in the border community.

Another local source described the incident as terrifying, noting that villagers were caught unaware as the gunmen invaded the town under the cover of darkness.

Sources say Security forces have launched immediate rescue operations to free victims of the Yashikira abduction, which occurred on Sunday night.

Military and police operatives have established a cordon in the area as part of the efforts to rescue about 10 persons who were reportedly taken from the community in an overnight attack on the palace of the Emir of Yashikira.

The police are yet to issue an official statement on the incident.

The development comes after bandits on Saturday night invaded a prayer ground at Ori-Oke Ajaiye, on the outskirts of Ikiran village in Ekiti Local Government Area of Kwara State, killing three worshippers and abducting 15 others during a vigil.

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Glo Celebrates Oba Adetona’s Legacies at Ojude Oba 2026

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Africa’s biggest corporate supporter of culture, Globacom, is commemorating the life and legacy of the late Awujale of Ijebuland, Oba Sikiru Kayode Adetona, at this year’s Ojude Oba Festival, marking the 21st consecutive year of its sponsorship of the cultural event.

This year’s edition, themed “Ojude Oba 2026: Celebrating the Legacy of Oba Sikiru Adetona,” is taking place at the Festival Pavilion opposite the royal palace in Ijebu Ode, Ogun State.

The celebration pays glowing tribute to the remarkable accomplishments of the late monarch, who transited on Sunday, July 13, 2025, after an illustrious reign spanning 65 years.

The departed monarch ascended the throne on April 2, 1960, and during his reign, the profile and prestige of the Ojude Oba Festival grew tremendously, making it one of Africa’s most celebrated cultural events.

In a statement issued in Lagos, Globacom posited that Oba Adetona’s unwavering dedication to preserving and promoting Ijebu culture, traditions, and values was a major factor behind the company’s continued support for the festival.

According to the company, “This year’s celebration goes beyond our traditional role as sponsor over the past two decades. It is an opportunity to honour the exceptional legacy of the revered monarch, Oba Adetona, whose vision and commitment elevated Ojude Oba to its present status.”

Globacom recalled that the late Awujale played a pivotal role in transforming the festival into a unifying platform that brought together Ijebu sons and daughters from across the world, regardless of religious affiliation.

This inclusive vision and royal leadership, said Glo,  inspired the company to begin sponsoring the festival 21 years ago. Over the years of Globacom’s sponsorship, Ojude Oba has evolved into a globally recognized cultural celebration, attracting thousands of visitors and dignitaries from within and outside Nigeria.

The company reaffirmed its commitment to sustaining its support for the festival as part of its broader objective of showcasing Nigeria’s rich cultural heritage to the world.

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Oyo Kidnap Carried Out by Dislodged JAS terrorists — DHQ

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The Defence Headquarters has said the recent kidnap incident in Oyo State was carried out by terrorists displaced from other parts of the country following intensified military operations.

The military high command stated this on Thursday while reacting to what it described as “mischievous and misleading publications” surrounding comments credited to the Defence Headquarters on the classification of terrorists and criminal elements operating in the South-West.

In a statement signed by the Director, Defence Media Operations, Maj Gen Michael Onoja, the DHQ said the attackers behind the Oyo abduction were members of the Jama’atu Ahlis Sunna Lidda’awati wal-Jihad terrorist group displaced by sustained military offensives across the country.

“The recent incidence of kidnap in Oyo State was clearly perpetrated by terrorists of the JAS Group that have been dislodged from other parts of the country due to high-intensity operations being conducted all over,” the statement read.

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