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Coin Edition 2025-04-08 07:30:00

Binance Nigeria Tax Case: Court Annuls Email Service Order, Adjourns Hearing

Binance Nigeria Tax Case: Court Annuls Email Service Order, Adjourns Hearing

Nigerian court adjourns Binance’s tax case to April 30, 2025. Binance challenges document service, citing lack of physical office in Nigeria. Nigeria seeks $81.5 billion from Binance for taxes and economic damage. A Nigerian court has adjourned the ongoing tax evasion case against global cryptocurrency exchange Binance to April 30. The court also granted Binance’s request to annul an order that allowed legal documents to be served via email, citing the exchange’s lack of a physical office in Nigeria. As reported by Reuters, Binance’s lawyer, Chukwuka Ikwuazom, argued that the FIRS had not obtained court approval to serve documents outside Nigeria, a requirement he claims was overlooked. Binance, which is registered in the Cayman Islands, does not maintain a physical office in Nigeria, making the order for substituted service invalid, according to Ikwuazom. “On the whole the order for the substituted service as granted by the court on February 11, 2025 on Binance who is registered under the laws of Cayman Islands and resident in Cayman Islands is improper and should be set aside,” Ikwuazom said. Related: Trump Demands Fed Rate Cuts—Could Bitco… The post Binance Nigeria Tax Case: Court Annuls Email Service Order, Adjourns Hearing appeared first on Coin Edition .

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