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Tax Evasion: Court Adjourns Trial of Binance, Executives



A Federal High Court in Abuja on Thursday adjourned the tax evasion case involving Binance Holdings Limited and its executives till April 19, 2024.

The Federal Inland Revenue Service had dragged the firm to court for tax evasion, joining officials of the company, Tigran Gambaryan, and fleeing Nadeem Anjarwalla in the suit.

In the suit marked: FHC/ABJ/CR/115/2024, Binance was accused of failing to register with the FIRS for the purpose of paying all relevant taxes administered by the service.

The FIRS also alleged that while it was offering taxable services to subscribers on its trading platform, the company failed to issue invoices to the subscribers for the purposes of determining and payment of its Value Added Taxes.

The matter was adjourned on Thursday following the FIRS’ inability to serve Gambaryan the charges in EFCC custody.

The alleged money laundering case instituted by the EFCC is underway.

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