Court adjourns case against Binance till April 19

A Federal High Court sitting in Abuja has adjourned the tax evasion and money laundering case involving Binance Holdings Limited and its executives.

The Federal Inland Revenue Service (FIRS) had dragged Binance, a cryptocurrency trading platform, to court for tax evasion.

Also joined in the suit are officials of the company, Tigran Gambaryan, and Nadeem Anjarwalla who recently escaped from custody in Nigeria.

In the suit marked: FHC/ABJ/CR/115/2024, Binance was accused of failing to register with the FIRS for the purpose of paying all relevant taxes administered by the service.

The FIRS alleged that the company failed to issue invoices to the subscribers for the purposes of determining and payment of its Value Added Tax (VAT).

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The matter was adjourned following the FIRS’ inability to serve Gambaryan the charges in EFCC custody.

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