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Home | Updates | Nigerian court postpones Binance hearing over jurisdictional challenge
Binance is contesting the court’s approval of substituted service, arguing that Nigerian authorities bypassed key judicial procedures.
A Nigerian court has adjourned a major tax evasion case against cryptocurrency exchange Binance to 30 April. The Federal Inland Revenue Service (FIRS) was granted additional time to respond to a legal motion filed by the company.
Binance is challenging a previous court order that allowed the FIRS to serve legal papers via email. The exchange claims Nigerian authorities lacked court approval to serve documents abroad. Binance’s counsel has called for the substituted service order to be invalidated.
The FIRS alleges Binance owes $2 billion in taxes and $79.5 billion in damages for its role in economic losses. It argues Binance’s strong presence in Nigeria makes it liable for 2022–2023 corporate taxes and related penalties.
The case forms part of Nigeria’s broader crackdown on crypto activity. Binance remains widely used by Nigerians seeking access to stablecoins and digital assets.
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Nigerian court postpones Binance hearing over jurisdictional challenge – Digital Watch Observatory
