Binance's Tax Case in Nigeria Pushed to April 30

Crypto News Regulation

Binance Battles Back: Tax Case in Nigeria Pushed to April 30

Written by Aaron S.,

Editor-In-Chief

Last Updated: April 08, 2025

Key Takeaways

A Nigerian court delayed Binance’s tax case to April 30 to let the FIRS answer a legal objection raised by the crypto firm;
Binance’s lawyer challenged the court’s approval of serving documents by email, citing a lack of consent for service outside Nigeria;
Nigeria accuses Binance of owing $2 billion in taxes and seeks $79.5 billion in damages, plus penalties and interest for 2022–2023.

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Binance Battles Back: Tax Case in Nigeria Pushed to April 30

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A Nigerian court has pushed back the hearing in the country’s tax case against Binance $8.69B to April 30.

The extension was granted so that Nigeria’s tax agency can respond to a legal challenge from the company.

On April 7, Binance’s lawyer, Chukwuka Ikwuazom, asked the court to cancel an earlier decision that allowed court documents to be sent to Binance by email.

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He argued that the Federal Inland Revenue Service (FIRS) did not get permission to serve documents outside the country and noted that Binance has no physical office in Nigeria.

Ikwuazom added that the order from February 11 permitting substituted service on Binance, a company registered and based in the Cayman Islands, was invalid and should be dropped.

In February, the FIRS accused Binance of owing $2 billion in taxes and sought $79.5 billion in damages. The agency claimed that the company’s presence and activity in Nigeria hurt the national currency, the naira—an accusation Binance denies.

The FIRS also believes Binance should have paid corporate tax in Nigeria for 2022 and 2023. It wants the court to order payment of the unpaid taxes along with a 10% yearly penalty and interest of nearly 27%.

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