The tax evasion case involving cryptocurrency exchange Binance and two of its executives in a Nigerian court has been postponed until May 17 due to the exchange not being officially served with the charges.
As reported by local news agency BusinessDay, the Federal Inland Revenue Service (FIRS) has yet to serve Binance with the tax evasion charges, leading to a delay in the proceedings.
The FIRS lawyer argued that Tigran Gambaryan, the head of financial crime compliance at Binance, had been served and represented the primary defendant, however Gambaryan’s lawyer objected according to Nigerian law and stated he could not plead until Binance, the main defendant, was served.
The judge has adjourned the case until May 17, when a ruling will be given.
In February, Binance and its executives were arrested and charged with tax evasion while visiting Nigeria, following the country’s ban on cryptocurrency channels as part of an effort to control currency speculation.
