A Nigerian high court in the Nigerian capital, Abuja, has adjourned the tax evasion case against Binance and its detained executive until April 19 2024.
The Nigerian government charged not only Binance with tax evasion but also two of its executives, Tigran Gambaryan, currently in the country, and Nadeem Anjarwalla, who escaped on 22 March.
A breakdown of other charges against the crypto exchange includes failure to file tax reports, collaboration with its website users to avoid tax payments, nonpayment of corporate income tax, and value-added tax.
In addition, Nigeria accused the crypto exchange giant of failure to register with the country’s tax collection agency, the Federal Inland Revenue Service (FIRS), for taxation.
According to Section 8 of the Nigerian Value Added Tax Act of 1993, these cases are punishable under the law.
Presiding over the case against Binance and its executives is Justice Emeka Nwite, who adjourned the suit hearing until April 8.
However, last week both Binance executives filed a human rights violation case in the Federal High Court of Nigeria, requesting the NSA and EFCC to release them and their passports and issue a public apology.
The NIgerian government is currently seeking an international arrest warrant for Nadeem Anjarwalla, the Binance executive who escaped.