A court in Abuja has postponed Nigeria’s tax evasion case against Binance to April 30, following legal disputes over service of documents. Binance, incorporated in the Cayman Islands, argues Nigeria’s Federal Inland Revenue Service (FIRS) lacked proper authorization to serve legal papers internationally. The Nigerian government claims Binance’s operations caused economic harm, including Naira devaluation, and seeks $2 billion in back taxes and $79.5 billion in damages. Authorities allege the platform facilitated capital flight via P2P trading during currency volatility. The case is part of Nigeria’s broader crypto crackdown, which previously led to the detention of two Binance executives—one released after bribery allegations, the other escaping custody.
about Nigeria Adjourns Binance Tax Case to April 30