Nigerian Legal Firms Thrive Amid $81.5 Billion Binance Lawsuit and Intensified Regulatory Crackdowns

Nigerian legal firms, including Olaniwun Ajayi, are experiencing an increase in demand for legal services due to significant activities in tax enforcement, data investigations, and corporate deals in 2025. This upswing is largely attributed to the Nigerian government’s $81.5 billion lawsuit against cryptocurrency exchange Binance, as reported by Law.com International. The Nigerian Federal Inland Revenue Service alleges that Binance caused $79.5 billion in economic losses and evaded $2 billion in taxes from 2022 to 2023. Aluko & Oyebode is providing legal counsel to Binance in this case, though Binance has not yet publicly commented.