A court in Nigeria has adjourned a tax evasion case against cryptocurrency exchange Binance to April 30, allowing the Federal Inland Revenue Service (FIRS) time to respond to Binance’s request to annul an earlier court order permitting service of court documents via email.
Binance’s lawyer, Chukwuka Ikwuazom, argued the FIRS failed to obtain the court’s permission to serve documents outside Nigeria.
Binance, which lacks a physical presence in the country, is challenging the method of service.
Nigeria has filed a lawsuit seeking $79.5 billion in damages for alleged economic losses linked to Binance’s operations and $2 billion in back taxes.
Authorities blame the exchange for contributing to currency instability and detained two of its executives in 2024, citing the platform’s role in naira trading.
Binance, not registered in Nigeria, did not immediately comment but previously stated it is cooperating with the FIRS to resolve potential historic tax liabilities.
© WAVN