Court gavel
Federal High Court in Abuja has adjourned the tax evasion case filed by the Federal Inland Revenue Service (FIRS) against Binance Holdings Limited to October 14, due to the absence of the trial judge, Justice Emeka Nwite.
The case, which was scheduled for the continuation of the cross-examination of the 3rd prosecution witness, could not proceed as planned.
Binance Holdings Limited was re-arraigned on July 12, 2024, on a four-count charge bordering on tax evasion allegations.
The company’s Nigerian representative, Ayodele Omotilewa, pleaded not guilty to the charges.
It would be recalled that the court had earlier discharged and struck out the names of Binance’s executives, Tigran Gambaryan and Nadeem Anjarwalla, from the charge after FIRS filed a fresh amended charge listing Binance as the sole defendant.
Meanwhile, the Economic and Financial Crimes Commission (EFCC) is also prosecuting Binance on allegations bordering on money laundering offenses, accusing the company of laundering $35.4 million.
The case will continue on October 14, when the court is expected to hear the case and determine the next steps in the proceedings.
