A Nigerian court has reportedly delayed the country’s tax -exemption case against Binance until April 30 to provide time for Nigerian tax authority to respond to a request from the crypto exchange.
Reuters reported On April 7 that a lawyer for Binance, Chukwuka Ikwuazom, asked a court on the same day to release an order that allowed court documents to be delivered to the company via email.
Binance has no office in Nigeria and IKWUAZOM claims that the Federal Inland Revenue Service (FIs) has not obtained the court’s permission to serve the court documents to be overseas.
“In summary of the following services as the court provided on February 11, 2025 in Binance … registered under the laws of the Cayman Islands and residents of the Cayman Islands were invalid and should be stored,” he said.
Firs Sued Binance In February, the exchange of exchange owes $ 2 billion in back taxes and should be made to pay $ 79.5 billion for local economic injuries as its operations are said to have stabilized the country’s money, Naira, which Binance denied.
It is also reported that Binance is responsible for paying corporate income tax in Nigeria, as it has a “significant economic presence” there, with firs asking for a court order for exchange to pay income taxes for 2022 and 2023, including a 10% annual unpaid amount of unpaid amount with almost a 27% rate of interest in the unpaid tax.
The legal history of Nigeria with Binance
In February 2024, Nigeria arrested and prevented Binance executives Tigran Gambaryan and Nadeem Anjarwalla on tax fraud and money laundering charges. The country Dropped tax charges against both in June and the remaining charge Against the Gambarian in October.
The Tigran Gambaryan (right) was seen in a September video that struggles to walk in a court in the Nigerian capital of Abuja. Source: X
Anjarwalla was able to slip her guards and Escape Nigerian Custody In Kenya in March last year and still seems big.
Related: Binance Exec shares details about the release from Nigerian detention
Gambarian, a US citizen, Back home In October after reports suggested that his health deteriorates during his abolition of reported cases of pneumonia, malaria and a herniated spinal disc that may require surgery.
Binance stopped at its Naira Money and retreat deposits in March 2024, which effectively leave the Nigerian market.
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