Nigerian court adjourns Binance, executives' tax evasion trial to April 30

Nigerian court adjourns Binance, executives' tax evasion trial to April 30

ABUJA : A Nigerian court has adjourned a tax evasion case against Binance to April 30 to allow the local tax authority to respond to a request by the cryptocurrency exchange to annul an order for court documents to be served on it by email, a lawyer for Binance said on Monday.The lawyer, Chukwuka Ikwuazom

Nigerian Court Postpones Binance Tax Evasion Case

Nigerian Court Postpones Binance Tax Evasion Case A Nigerian court has postponed the hearing of a tax evasion case against cryptocurrency giant Binance to April 30. This adjournment permits the local tax authority additional time to address Binance's appeal to annul a previous court directive for email-based document service, according to the company's legal representative.Binance's lawyer, Chukwuka Ikwuazom, contested the court order, arguing t…

With Digital Assets inclusion, Nigeria to exit financial action task force grey list soon – SEC

The Securities and Exchange Commission (SEC) says Nigeria will soon exit the Financial Action Task Force (FATF) grey list with the inclusion of digital assets regulation in the recently signed Investments and Securities Act (ISA 2025) by President Bola Tinubu. BRANDECONOMY reports that Nigeria was placed on the FATF “grey list” on Feb. 24, 2023, …

Nigerian Court Delays Binance Tax Evasion Case: Implications for Cryptocurrency Regulation - Crypto Press Network

Binance Tax Evasion Trial Postponed as Nigerian Court Reviews Service Procedures A Nigerian court has delayed the tax evasion case involving Binance and two executives until April 30, allowing the tax authority more time to respond. The government is seeking $81.5 billion in damages and back taxes from Binance, claiming it caused economic disruptions and currency volatility. Binance argued against the court order to serve legal documents via ema…

Binance Tax Trial Postponed to April 30 in Response to Nigeria's Regulatory Crackdown on Crypto

The post Binance Tax Trial Postponed to April 30 in Response to Nigeria’s Regulatory Crackdown on Crypto appeared on BitcoinEthereumNews.com. Key Takeaways: For procedural review, Nigerian court delays Binance tax evasion matter to April 30, 2025. Citing jurisdictional concerns, Binance questions validity of court papers sent via email. Nigeria alleges $79.5 billion in damages related to Binance’s business and wants $2 billion in back taxes. Due…

Binance Tax Evasion Trial Postponed as Nigerian Court Reviews Service Procedures

A Nigerian court has delayed proceedings in the tax evasion case involving Binance and two of its executives until April 30, allowing more time for the country’s tax authority to respond to a legal challenge raised by the cryptocurrency exchange. The Nigeria Federal Inland Revenue Service (FIRS) had earlier secured a court order to serve legal documents on Binance via email, citing the platform’s lack of a physical presence in Nigeria. Binance’s…