• Nigeria has accused Binance and two of its executives detained in the country of evading taxes.
  • The executives were due to be arraigned Thursday.

The Federal High Court in Abuja, Nigeria’s capital, has postponed the proceedings for the tax authority’s legal actions against Binance Holdings and two of its top officials, according to local media outlets. (Paraphrased)

The hearing was postponed as the Federal Inland Revenue Service (FIRS) failed to deliver the accusations to Binance’s Head of Financial Crime Compliance, Tigran Gambaryan, while he was in detention, according to Punch’s report. Both Gambaryan and another Binance executive, Nadeem Anjarwalla, were arrested in February. However, Anjarwalla has since managed to evade custody. Gambaryan made his court appearance on Thursday.

According to Bloomberg’s report, the Binance Holdings hearing has been postponed to April 8. The legal proceedings against Gambaryan and Anjarwalla have also been delayed, now scheduled for April 19.

In March, Binance was accused of tax evasion by the FIRS in a filing with four counts. These charges involved not paying Value-Added Tax (VAT) and Company Income Tax, neglecting to file returns, and facilitating customers in dodging taxes through their platform.

Before the FIRS filed a lawsuit against them, Gambaryan and Anjarwlla were arrested by Nigerian authorities. At that point, Nigeria alleged that the crypto exchange was breaking the law and interfering with its economic stability.

According to Bloomberg’s report, Gambaryan will continue to be detained by Nigeria’s Economic and Financial Crimes Commission.

In a recent blog update, Binance stated that Gambaryan holds no authority in Nigeria’s decisions and ought not to be involved in the discussions scheduled for Wednesday. Since March 30, his spouse has initiated a petition aiming to secure his return.

CoinDesk has reached out to Binance for a comment.

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2024-04-04 14:50