A Nigerian court has rescheduled the hearing of a tax evasion lawsuit against Binance and some of its executives to May 17. This adjournment represents the latest development in the ongoing regulatory saga between various agencies of the Nigerian government and the Malta-based cryptocurrency exchange.
Related Reading: Impending Extradition? Nigerian Authorities Trace Fleeing Binance Exec To Kenya – Report
Tax Case Adjourned Over Legal Standstill
On March 22, the Nigerian Federal Inland Revenue Service (FIRS) charged Binance and two of its executives, namely Nadeen Ahjarwalla, head of financial crime compliance, and Tigran Gambaryan, regional manager for Africa, with four counts of tax evasion.
These charges included “non-payment of Value-Added Tax, non-payment of Company Income Tax, failure to tax returns and complicity in aiding customers to evade taxes through its platform”, which the FIRS believed occurred from the failure of Binance to initially undergo a regist
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