A Nigerian court has adjourned a tax evasion case against Binance to April 30 to allow the local tax authority to respond to a request by the cryptocurrency exchange to annul an order for court documents to be served on it by email.
A lawyer for Binance, Chukwuka Ikwuazom, asked the court to set aside the order because the tax authority did not obtain a leave from the court to serve court documents on Binance outside Nigeria, noting that Binance does not have a physical office in Nigeria.
According to court documents, Nigeria has filed a lawsuit seeking to compel Binance to pay 79.5 billion dollars for economic losses it says were caused by its operations in the country and 2 billion dollars in back taxes.
The authorities blame Binance for Nigeria’s currency instability and detained two of its executives in 2024 after cryptocurrency websites emerged as platforms of choice for trading the local naira currency.